TAPESTRY, INC.
For the period ended Jun 27, 2026. Filed Aug 13, 2026.
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FY2026 · Filed Aug 13, 2026
TPR$135.62-0.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Year Ended | |||
|---|---|---|---|
| June 27,2026 | June 28,2025 | June 29,2024 | |
| (millions) | |||
| CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES | |||
| Net income (loss) | $1,527.7 | $183.2 | $816.0 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 160.8 | 162.9 | 174.0 |
| Amortization of cloud computing arrangements | 56.4 | 62.0 | 55.0 |
| Impairment charges | — | 854.8 | — |
| Provision for bad debt | 6.1 | 3.6 | 4.3 |
| Loss on extinguishment of debt | — | 120.1 | — |
| Share-based compensation | 104.5 | 87.3 | 85.9 |
| Deferred income taxes | 50.8 | (139.8) | 2.5 |
| Changes to lease related balances, net | (19.3) | (35.0) | (42.6) |
| Other non-cash charges, net | (27.7) | (43.2) | (7.4) |
| Changes in operating assets and liabilities: | |||
| Trade accounts receivable | (12.0) | 8.8 | (37.3) |
| Inventories | 35.4 | (108.2) | 85.8 |
| Accounts payable | 131.6 | (15.0) | 49.1 |
| Accrued liabilities | 29.9 | 56.0 | 91.6 |
| Other liabilities | 75.8 | 3.9 | (21.2) |
| Other assets | (141.5) | 15.2 | (0.1) |
| Net cash provided by (used in) operating activities | 1,978.5 | 1,216.6 | 1,255.6 |
| CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES | |||
| Purchases of investments | (163.0) | (1,886.4) | (2,713.0) |
| Proceeds from maturities and sales of investments | 1.6 | 2,923.1 | 1,676.3 |
| Purchases of property and equipment | (166.0) | (122.7) | (108.9) |
| Proceeds from sale of business, net of cash divested | 109.1 | — | — |
| Settlement of net investment hedge | — | — | 103.7 |
| Net cash provided by (used in) investing activities | (218.3) | 914.0 | (1,041.9) |
| CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES | |||
| Payment of dividends | (326.1) | (299.3) | (321.4) |
| Repurchase of common stock | (1,554.6) | (1,718.7) | — |
| Share repurchase not yet settled | — | (300.0) | — |
| Proceeds from issuance of debt, net of discount | — | 2,248.1 | 6,089.5 |
| Payment of debt issuance costs | (0.5) | (13.4) | (78.3) |
| Payment of debt extinguishment costs | — | (63.5) | — |
| Repayment of debt | — | (7,163.3) | (468.8) |
| Proceeds from share-based awards | 118.9 | 156.1 | 27.3 |
| Taxes paid to net settle share-based awards | (81.6) | (36.5) | (32.7) |
| Proceeds from revolving credit facility | — | 1,016.5 | — |
| Repayment of revolving credit facility | (17.0) | (1,000.0) | — |
| Other financing activities | — | (1.2) | (1.2) |
| Net cash provided by (used in) financing activities | (1,860.9) | (7,175.2) | 5,214.4 |
| Effect of exchange rate changes on cash and cash equivalents | (24.6) | 26.3 | (12.2) |
| Net increase (decrease) in cash and cash equivalents, including cash classified within assets held for sale | (125.3) | (5,018.3) | 5,415.9 |
| Less: net increase (decrease) in cash classified within current assets held for sale | — | (23.7) | — |
| Net increase (decrease) in cash and cash equivalents | (125.3) | (5,042.0) | 5,415.9 |
| Cash and cash equivalents at beginning of year | 1,100.0 | 6,142.0 | 726.1 |
| Cash and cash equivalents at end of year | $974.7 | $1,100.0 | $6,142.0 |
| Supplemental information: | |||
| Cash paid for income taxes, net | $200.7 | $189.5 | $200.1 |
| Cash paid for interest | $241.6 | $394.9 | $262.8 |
| Non-cash investing activity – property and equipment obligations | $35.2 | $25.7 | $15.1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.