Capri Holdings Ltd
For the period ended Mar 29, 2025. Filed May 28, 2025.
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FY2025 · Filed May 28, 2025
CPRI$21.73+1.6%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
| Fiscal Years Ended | |||
|---|---|---|---|
| March 29,2025 | March 30,2024 | April 1,2023 | |
| Cash flows from operating activities | |||
| Net (loss) income | $(1,179) | $(229) | $619 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
| Depreciation and amortization | 193 | 188 | 179 |
| Share-based compensation expense | 59 | 72 | 78 |
| Impairment of assets | 797 | 577 | 142 |
| Deferred income taxes | 388 | (187) | (101) |
| Changes to lease related balances, net | (117) | (102) | (99) |
| Foreign currency losses | (6) | 29 | 28 |
| Other non-cash charges | 14 | 3 | 7 |
| Change in assets and liabilities: | |||
| Receivables, net | 50 | 27 | 50 |
| Inventories, net | (3) | 175 | 13 |
| Prepaid expenses and other current assets | 8 | (29) | (8) |
| Accounts payable | 128 | (119) | (100) |
| Accrued expenses and other current liabilities | (3) | (60) | (9) |
| Other long-term assets and liabilities | (48) | (36) | (28) |
| Net cash provided by operating activities | 281 | 309 | 771 |
| Cash flows from investing activities | |||
| Capital expenditures | (128) | (189) | (226) |
| Cash paid for business acquisitions, net of cash acquired | (9) | — | — |
| Settlement of hedges | 84 | 54 | 409 |
| Net cash (used in) provided by investing activities | (53) | (135) | 183 |
| Cash flows from financing activities | |||
| Debt borrowings | 3,329 | 1,737 | 4,061 |
| Debt repayments | (3,547) | (1,839) | (3,474) |
| Debt issuance costs | (7) | — | (5) |
| Repurchase of ordinary shares | (4) | (107) | (1,364) |
| Exercise of employee share options | — | 1 | 6 |
| Settlement of interest rate swaps | (13) | — | — |
| Net cash used in financing activities | (242) | (208) | (776) |
| Effect of exchange rate changes on cash and cash equivalents | (16) | (17) | (94) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (30) | (51) | 84 |
| Beginning of period | 205 | 256 | 172 |
| End of period | $175 | $205 | $256 |
| Supplemental disclosures of cash flow information | |||
| Cash paid for interest | $87 | $96 | $58 |
| Cash paid for income taxes | $125 | $156 | $133 |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Accrued capital expenditures | $16 | $35 | $33 |
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