RALPH LAUREN CORP
For the period ended Mar 30, 2024. Filed May 23, 2024.
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FY2024 · Filed May 23, 2024
RL$399.61+0.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| Fiscal Years Ended | |||
|---|---|---|---|
| March 30,2024 | April 1,2023 | April 2,2022 | |
| (millions) | |||
| Cash flows from operating activities: | |||
| Net income | $646.3 | $522.7 | $600.1 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 229.0 | 220.5 | 229.7 |
| Deferred income tax expense (benefit) | (41.1) | 3.9 | (46.1) |
| Stock-based compensation expense | 99.5 | 75.5 | 81.7 |
| Impairment of assets | — | 9.7 | 21.3 |
| Bad debt expense (reversals) | 7.3 | 2.3 | (2.2) |
| Other non-cash charges | 13.7 | 1.0 | 1.0 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (15.3) | (52.6) | 32.4 |
| Inventories | 149.1 | (106.2) | (269.3) |
| Prepaid expenses and other current assets | 16.1 | (19.9) | (28.3) |
| Accounts payable and accrued liabilities | 15.6 | (225.0) | 194.6 |
| Income tax receivables and payables | (18.5) | 5.7 | (62.3) |
| Operating lease right-of-use assets and liabilities, net | (36.3) | (17.5) | (61.6) |
| Other balance sheet changes | 4.3 | (9.1) | 24.9 |
| Net cash provided by operating activities | 1,069.7 | 411.0 | 715.9 |
| Cash flows from investing activities: | |||
| Capital expenditures | (164.8) | (217.5) | (166.9) |
| Purchases of investments | (392.8) | (598.6) | (1,510.6) |
| Proceeds from sales and maturities of investments | 304.3 | 1,293.4 | 964.6 |
| Other investing activities | (3.5) | (5.8) | (5.0) |
| Net cash provided by (used in) investing activities | (256.8) | 471.5 | (717.9) |
| Cash flows from financing activities: | |||
| Repayments of long-term debt | — | (500.0) | — |
| Payments of finance lease obligations | (21.3) | (21.9) | (23.1) |
| Payments of dividends | (194.6) | (198.3) | (150.0) |
| Repurchases of common stock, including shares surrendered for tax withholdings | (449.7) | (488.6) | (492.6) |
| Net cash used in financing activities | (665.6) | (1,208.8) | (665.7) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (13.6) | (8.8) | (48.3) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 133.7 | (335.1) | (716.0) |
| Cash, cash equivalents, and restricted cash at beginning of period | 1,536.9 | 1,872.0 | 2,588.0 |
| Cash, cash equivalents, and restricted cash at end of period | $1,670.6 | $1,536.9 | $1,872.0 |
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