TAPESTRY INC
For the period ended Mar 30, 2024. Filed May 9, 2024.
View on SEC.govAbout this filing
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.
Mar 30, 2024 · Filed May 9, 2024
TPR$135.62-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| March 30,2024 | April 1,2023 | |
| (millions) | ||
| (unaudited) | ||
| CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES | ||
| Net income (loss) | $656.7 | $711.9 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 125.8 | 130.5 |
| Provision for bad debt | 2.7 | 5.8 |
| Share-based compensation | 65.8 | 55.7 |
| Deferred income taxes | 53.1 | 31.6 |
| Changes to lease related balances, net | (33.2) | (26.1) |
| Other non-cash charges, net | 12.3 | (21.3) |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable | (62.7) | (7.6) |
| Inventories | 91.6 | 53.8 |
| Accounts payable | (50.3) | (166.7) |
| Accrued liabilities | 94.2 | (161.2) |
| Other liabilities | (30.0) | (45.0) |
| Other assets | 73.6 | 13.4 |
| Net cash provided by (used in) operating activities | 999.6 | 574.8 |
| CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES | ||
| Purchases of investments | (1,126.0) | (6.3) |
| Proceeds from maturities and sales of investments | 702.6 | 154.6 |
| Purchases of property and equipment | (62.7) | (149.6) |
| Settlement of net investment hedge | — | 41.9 |
| Net cash provided by (used in) investing activities | (486.1) | 40.6 |
| CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES | ||
| Payment of dividends | (240.9) | (214.2) |
| Repurchase of common stock | — | (502.0) |
| Proceeds from issuance of debt, net of discount | 6,089.5 | — |
| Payment of debt issuance costs | (78.3) | — |
| Proceeds from share-based awards | 15.0 | 28.6 |
| Repayment of debt | (18.8) | (25.0) |
| Taxes paid to net settle share-based awards | (32.0) | (55.3) |
| Payments of finance lease liabilities | (0.9) | (0.8) |
| Net cash provided by (used in) financing activities | 5,733.6 | (768.7) |
| Effect of exchange rate changes on cash and cash equivalents | 1.9 | 0.7 |
| Net increase (decrease) in cash and cash equivalents | 6,249.0 | (152.6) |
| Cash and cash equivalents at beginning of period | 726.1 | 789.8 |
| Cash and cash equivalents at end of period | 6,975.1 | 637.2 |
| Supplemental information: | ||
| Cash paid for income taxes, net | $152.1 | $191.1 |
| Cash paid for interest | $73.6 | $64.7 |
| Non-cash investing activity - property and equipment obligations | $18.2 | $7.8 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.