ABERCROMBIE & FITCH CO /DE/
For the period ended Jan 31, 2026. Filed Mar 26, 2026.
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FY2026 · Filed Mar 26, 2026
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 2025 | Fiscal 2024 | Fiscal 2023 | |
|---|---|---|---|
| Operating activities | |||
| Net income | $514,995 | $574,016 | $335,413 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 155,021 | 153,773 | 141,104 |
| Amortization of capitalized cloud computing arrangement implementation costs | 19,338 | 15,572 | 10,796 |
| Asset impairment | 11,484 | 11,596 | 8,289 |
| Loss on disposal | 3,218 | 3,440 | 6,408 |
| Provision (benefit) for deferred income taxes | 41,378 | (12,278) | (4,743) |
| Share-based compensation | 39,048 | 38,667 | 40,122 |
| Loss on extinguishment of debt | — | 1,114 | 1,975 |
| Changes in assets and liabilities | |||
| Inventories | (22,058) | (106,874) | 35,043 |
| Accounts payable and accrued expenses | (45,128) | 129,262 | 82,925 |
| Operating lease right-of use assets and liabilities | 12,240 | (3,288) | (55,646) |
| Income taxes | (24,169) | (9,845) | 35,806 |
| Other assets | (82,349) | (71,361) | 22,827 |
| Other liabilities | (3,876) | (13,418) | (6,897) |
| Net cash provided by operating activities | 619,142 | 710,376 | 653,422 |
| Investing activities | |||
| Purchases of marketable securities | (24,800) | (139,600) | — |
| Proceeds from maturities of marketable securities | 114,800 | 24,800 | — |
| Purchases of property and equipment | (240,774) | (182,903) | (157,797) |
| Proceeds from the sale of property and equipment | — | — | 615 |
| Net cash used for investing activities | (150,774) | (297,703) | (157,182) |
| Financing activities | |||
| Repayment/redemption of senior secured notes | — | (223,331) | (77,972) |
| Purchases of common stock | (451,224) | (229,807) | — |
| Acquisition of Common stock for tax withholding obligations | (36,685) | (70,208) | (29,485) |
| Other financing activities | (7,478) | (11,531) | (3,744) |
| Net cash used for financing activities | (495,387) | (534,877) | (111,201) |
| Effect of foreign currency exchange rates on cash | 13,540 | (7,086) | (2,923) |
| Net (decrease) increase in cash and equivalents, and restricted cash and equivalents | (13,479) | (129,290) | 382,116 |
| Cash and equivalents, and restricted cash and equivalents, beginning of period | 780,395 | 909,685 | 527,569 |
| Cash and equivalents, and restricted cash and equivalents, end of period | $766,916 | $780,395 | $909,685 |
| Supplemental information related to non-cash activities | |||
| Purchases of property and equipment accrued in accounts payable | $56,620 | $48,856 | $35,568 |
| Excise tax liability accrued on share repurchases | 4,000 | 1,224 | — |
| Operating lease right-of-use assets additions, net of terminations, impairments and other reductions | 438,776 | 365,813 | 155,184 |
| Supplemental information related to cash activities | |||
| Cash paid for interest | — | 9,527 | 24,891 |
| Cash paid for income taxes | 191,051 | 217,654 | 120,448 |
| Cash paid for excise tax on share repurchases | 1,224 | — | — |
| Cash received from income tax refunds | 1,265 | 502 | 1,843 |
| Cash paid for amounts included in measurement of operating lease liabilities, net of abatements | 313,575 | 278,229 | 296,834 |
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