ABERCROMBIE & FITCH CO /DE/
For the period ended Feb 1, 2025. Filed Mar 31, 2025.
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FY2025 · Filed Mar 31, 2025
ANF$154.00+0.8%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(Thousands)
| Fiscal 2024 | Fiscal 2023 | Fiscal 2022 | |
|---|---|---|---|
| Operating activities | |||
| Net income | $574,016 | $335,413 | $10,385 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | |||
| Depreciation and amortization | 153,773 | 141,104 | 132,243 |
| Amortization of capitalized cloud computing arrangement implementation costs | 15,572 | 10,796 | 1,347 |
| Asset impairment | 11,596 | 8,289 | 14,031 |
| Loss on disposal | 3,440 | 6,408 | 552 |
| (Benefit) provision for deferred income taxes | (12,278) | (4,743) | 11,500 |
| Share-based compensation | 38,667 | 40,122 | 28,995 |
| Loss (gain) on extinguishment of debt | 1,114 | 1,975 | (52) |
| Changes in assets and liabilities | |||
| Inventories | (106,874) | 35,043 | 18,505 |
| Accounts payable and accrued expenses | 129,262 | 82,925 | (115,152) |
| Operating lease right-of use assets and liabilities | (3,288) | (55,646) | (18,495) |
| Income taxes | (9,845) | 35,806 | (7,390) |
| Other assets | (71,361) | 22,827 | (88,270) |
| Other liabilities | (13,418) | (6,897) | 9,458 |
| Net cash provided by (used for) operating activities | 710,376 | 653,422 | (2,343) |
| Investing activities | |||
| Purchases of marketable securities | (139,600) | — | — |
| Proceeds from maturities of marketable securities | 24,800 | — | — |
| Purchases of property and equipment | (182,903) | (157,797) | (164,566) |
| Proceeds from the sale of property and equipment | — | 615 | 11,891 |
| Withdrawal of funds from Rabbi Trust assets | — | — | 12,000 |
| Net cash used for investing activities | (297,703) | (157,182) | (140,675) |
| Financing activities | |||
| Repayment/redemption of senior secured notes | (223,331) | (77,972) | (7,862) |
| Payment of debt modification costs and fees | (3,291) | (180) | (181) |
| Purchases of common stock | (229,807) | — | (125,775) |
| Acquisition of Common stock for tax withholding obligations | (70,208) | (29,485) | (14,464) |
| Other financing activities | (8,240) | (3,564) | (7,047) |
| Net cash used for financing activities | (534,877) | (111,201) | (155,329) |
| Effect of foreign currency exchange rates on cash | (7,086) | (2,923) | (8,452) |
| Net (decrease) increase in cash and equivalents, and restricted cash and equivalents | (129,290) | 382,116 | (306,799) |
| Cash and equivalents, and restricted cash and equivalents, beginning of period | 909,685 | 527,569 | 834,368 |
| Cash and equivalents, and restricted cash and equivalents, end of period | $780,395 | $909,685 | $527,569 |
| Supplemental information related to non-cash activities | |||
| Purchases of property and equipment accrued in accounts payable | $48,856 | $35,568 | $57,313 |
| Excise tax liability accrued on share repurchases | 1,224 | — | — |
| Operating lease right-of-use assets additions, net of terminations, impairments and other reductions | 365,813 | 155,184 | 269,430 |
| Supplemental information related to cash activities | |||
| Cash paid for interest | 9,527 | 24,891 | 26,687 |
| Cash paid for income taxes | 217,654 | 120,448 | 53,011 |
| Cash received from income tax refunds | 502 | 1,843 | 3,701 |
| Cash paid for amounts included in measurement of operating lease liabilities, net of abatements | 278,229 | 296,834 | 263,269 |
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