RALPH LAUREN CORP
For the period ended Dec 27, 2025. Filed Feb 5, 2026.
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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.
Dec 27, 2025 · Filed Feb 5, 2026
RL$399.61+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| December 27,2025 | December 28,2024 | |
| (millions) | ||
| Cash flows from operating activities: | ||
| Net income | $789.5 | $613.9 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization expense | 172.2 | 164.6 |
| Deferred income tax expense (benefit) | (9.5) | 27.2 |
| Stock-based compensation expense | 86.7 | 84.7 |
| Bad debt expense | 6.7 | 2.7 |
| Other non-cash charges | 5.4 | 14.8 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 7.7 | (5.1) |
| Inventories | (169.2) | (116.7) |
| Prepaid expenses and other current assets | (37.9) | (68.0) |
| Accounts payable and accrued liabilities | 277.2 | 368.6 |
| Income tax receivables and payables | (75.6) | 12.2 |
| Operating lease right-of-use assets and liabilities, net | (19.4) | 15.5 |
| Other balance sheet changes | (24.9) | (1.5) |
| Net cash provided by operating activities | 1,008.9 | 1,112.9 |
| Cash flows from investing activities: | ||
| Capital expenditures | (356.7) | (136.3) |
| Purchases of investments | (557.1) | (628.2) |
| Proceeds from sales and maturities of investments | 507.0 | 538.9 |
| Other investing activities | 4.5 | 1.2 |
| Net cash used in investing activities | (402.3) | (224.4) |
| Cash flows from financing activities: | ||
| Proceeds from the issuance of long-term debt | 498.2 | — |
| Repayments of long-term debt | (400.0) | — |
| Payments of finance lease obligations | (17.7) | (16.5) |
| Payments of dividends | (161.3) | (150.1) |
| Repurchases of common stock, including shares surrendered for tax withholdings | (473.4) | (404.6) |
| Other financing activities | (4.3) | — |
| Net cash used in financing activities | (558.5) | (571.2) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 61.9 | (40.9) |
| Net increase in cash, cash equivalents, and restricted cash | 110.0 | 276.4 |
| Cash, cash equivalents, and restricted cash at beginning of period | 1,929.4 | 1,670.6 |
| Cash, cash equivalents, and restricted cash at end of period | $2,039.4 | $1,947.0 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.