RALPH LAUREN CORP
For the period ended Jun 29, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2024 · Filed Aug 7, 2024
RL$399.61+0.3%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| June 29,2024 | July 1,2023 | |
| (millions) | ||
| Cash flows from operating activities: | ||
| Net income | $168.6 | $132.1 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization expense | 54.4 | 58.3 |
| Deferred income tax expense (benefit) | 12.3 | (0.4) |
| Stock-based compensation expense | 24.3 | 21.4 |
| Bad debt expense (reversals) | 0.8 | (0.8) |
| Other non-cash charges | 0.6 | 3.5 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 70.3 | 97.8 |
| Inventories | (145.5) | (128.3) |
| Prepaid expenses and other current assets | (58.1) | (21.8) |
| Accounts payable and accrued liabilities | 145.6 | 105.3 |
| Income tax receivables and payables | (0.5) | 6.8 |
| Operating lease right-of-use assets and liabilities, net | 8.0 | (6.3) |
| Other balance sheet changes | (3.5) | 3.1 |
| Net cash provided by operating activities | 277.3 | 270.7 |
| Cash flows from investing activities: | ||
| Capital expenditures | (33.4) | (39.6) |
| Purchases of investments | (174.3) | (73.3) |
| Proceeds from sales and maturities of investments | 119.1 | 35.4 |
| Other investing activities | 1.0 | — |
| Net cash used in investing activities | (87.6) | (77.5) |
| Cash flows from financing activities: | ||
| Payments of finance lease obligations | (4.9) | (6.0) |
| Payments of dividends | (47.5) | (49.2) |
| Repurchases of common stock, including shares surrendered for tax withholdings | (201.2) | (56.8) |
| Net cash used in financing activities | (253.6) | (112.0) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (13.1) | (3.9) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (77.0) | 77.3 |
| Cash, cash equivalents, and restricted cash at beginning of period | 1,670.6 | 1,536.9 |
| Cash, cash equivalents, and restricted cash at end of period | $1,593.6 | $1,614.2 |
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