G III APPAREL GROUP LTD /DE/

For the period ended Jan 31, 2026. Filed Mar 24, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2026 · Filed Mar 24, 2026

GIII$32.20-0.6%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS


· · Year Ended January 31,
· · 2026 · · 2025 · · 2024
· · (In thousands)
Cash flows from operating activities
Net income attributable to G-III Apparel Group, Ltd.	$67,353	$193,566	$176,168
Adjustments to reconcile net income to net cash provided by operating activities, net of assets and liabilities acquired:
Depreciation and amortization	29,016	27,444	27,523
Loss on disposal of fixed assets	776	388	102
Non-cash operating lease costs	55,802	58,485	58,804
Asset impairments	48,565	8,195	6,758
Equity loss in unconsolidated affiliates	1,093	1,930	5,607
Change in fair value of equity investment	—	—	(1,009)
Share-based compensation	23,386	28,894	17,164
Deferred financing charges and debt discount amortization	1,252	2,315	7,090
Extinguishment of deferred financing costs	—	1,598	—
Deferred income taxes	15,690	11,981	3,744
Changes in operating assets and liabilities:
Accounts receivable, net	87,707	(62,389)	112,600
Inventories	18,057	42,340	188,919
Income taxes, net	(13,352)	(5,121)	4,331
Prepaid expenses and other current assets	(2,864)	19,964	3,588
Other assets, net	2,780	(1,131)	5,860
Customer refund liabilities	(3,677)	(4,069)	(5,706)
Operating lease liabilities	(56,794)	(58,112)	(58,928)
Accounts payable, accrued expenses and other liabilities	24,354	50,123	34,967
Net cash provided by operating activities	299,144	316,401	587,582

Cash flows from investing activities
Operating lease assets initial direct costs	(45)	(1,772)	(52)
Investment in equity interest of private companies	(732)	(105,591)	(3,600)
Proceeds from sale of assets	—	729	—
Capital expenditures	(35,221)	(41,517)	(24,679)
Net cash used in investing activities	(35,998)	(148,151)	(28,331)

Cash flows from financing activities
Repayment of borrowings - revolving credit facility	—	(485,106)	(112,826)
Proceeds from borrowings - revolving credit facility	—	485,106	32,738
Repayment of borrowings - foreign facilities	(165,132)	(152,539)	(139,429)
Proceeds from borrowings - foreign facilities	169,804	138,979	136,850
Repayment of borrowings - senior secured notes	—	(400,000)	—
Repayment of borrowings - LVMH Note	—	—	(125,000)
Payment of financing costs	—	(4,400)	—
Purchase of treasury shares	(49,770)	(59,973)	(26,100)
Taxes paid for net share settlements	(4,973)	(7,576)	(10,866)
Dividends paid on common stock	(4,219)	—	—
Net cash used in financing activities	(54,290)	(485,509)	(244,633)

Foreign currency translation adjustments	16,366	(9,130)	1,559
Net increase (decrease) in cash and cash equivalents	225,222	(326,389)	316,177
Cash and cash equivalents at beginning of year	181,440	507,829	191,652
Cash and cash equivalents at end of year	$406,662	$181,440	$507,829
Supplemental disclosures of cash flow information
Cash payments:
Interest, net	$3,621	$27,439	$30,237
Income tax payments, net	$43,038	$66,952	$57,856
Excise tax liability related to stock repurchases	$374	$636	$—

G-III Apparel Group, Ltd. And Subsidiaries

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

January 31, 2026, 2025 and 2024

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.