Macys Inc
For the period ended May 4, 2024. Filed May 30, 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.
May 4, 2024 · Filed May 30, 2024
M$25.08+0.5%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
Consolidated Statements of Cash Flows
| 13 Weeks Ended | ||
|---|---|---|
| May 4, 2024 | April 29, 2023 | |
| Cash flows from operating activities: | ||
| Net income | $62 | $155 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Impairment, restructuring and other costs | 19 | 2 |
| Depreciation and amortization | 216 | 218 |
| Stock-based compensation expense | 13 | 14 |
| Gains on sale of real estate | (1) | (11) |
| Benefit plans | 1 | 2 |
| Amortization of financing costs and premium on acquired debt | 3 | 3 |
| Deferred income taxes | (10) | (32) |
| Changes in assets and liabilities: | ||
| Decrease in receivables | 35 | 45 |
| Increase in merchandise inventories | (273) | (340) |
| (Increase) decrease in prepaid expenses and other current assets | (49) | 32 |
| Increase in merchandise accounts payable | 401 | 374 |
| Decrease in accounts payable and accrued liabilities | (289) | (415) |
| Increase in current income taxes | 34 | 82 |
| Change in other assets and liabilities | (33) | (24) |
| Net cash provided by operating activities | 129 | 105 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (154) | (215) |
| Capitalized software | (75) | (81) |
| Disposition of property and equipment | 4 | 25 |
| Other, net | 8 | 1 |
| Net cash used by investing activities | (217) | (270) |
| Cash flows from financing activities: | ||
| Debt repaid | (1) | (1) |
| Dividends paid | (48) | (45) |
| Decrease in outstanding checks | (21) | (13) |
| Acquisition of treasury stock | — | (35) |
| Net cash used by financing activities | (70) | (94) |
| Net decrease in cash, cash equivalents and restricted cash | (158) | (259) |
| Cash, cash equivalents and restricted cash beginning of period | 1,037 | 865 |
| Cash, cash equivalents and restricted cash end of period | $879 | $606 |
| Supplemental cash flow information: | ||
| Interest paid | $59 | $60 |
| Interest received | 12 | 11 |
| Income taxes paid, net of refunds received | 12 | 6 |
| Restricted cash, end of period | 3 | 3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.