RALPH LAUREN CORP
For the period ended Mar 28, 2026. Filed May 21, 2026.
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FY2026 · Filed May 21, 2026
RL$399.61+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 Years Ended | |||
|---|---|---|---|
| March 28,2026 | March 29,2025 | March 30,2024 | |
| (millions) | |||
| Cash flows from operating activities: | |||
| Net income | $941.1 | $742.9 | $646.3 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 233.0 | 219.6 | 229.0 |
| Deferred income tax expense (benefit) | 8.4 | (50.0) | (41.1) |
| Stock-based compensation expense | 111.0 | 107.9 | 99.5 |
| Bad debt expense | 13.6 | 9.2 | 7.3 |
| Other non-cash charges | 5.4 | 3.6 | 13.7 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (35.6) | (27.6) | (15.3) |
| Inventories | (44.2) | (52.6) | 149.1 |
| Prepaid expenses and other current assets | (20.0) | (47.4) | 16.1 |
| Accounts payable and accrued liabilities | 142.2 | 226.2 | 15.6 |
| Income tax receivables and payables | (94.1) | 27.9 | (18.5) |
| Operating lease right-of-use assets and liabilities, net | (22.3) | 11.7 | (36.3) |
| Other balance sheet changes | (84.3) | 63.7 | 4.3 |
| Net cash provided by operating activities | 1,154.2 | 1,235.1 | 1,069.7 |
| Cash flows from investing activities: | |||
| Capital expenditures | (408.1) | (216.2) | (164.8) |
| Purchases of investments | (634.0) | (781.8) | (392.8) |
| Proceeds from sales and maturities of investments | 723.6 | 734.3 | 304.3 |
| Acquisitions of intangible assets | (41.2) | — | — |
| Other investing activities | 3.1 | (0.4) | (3.5) |
| Net cash used in investing activities | (356.6) | (264.1) | (256.8) |
| 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 | (23.2) | (22.0) | (21.3) |
| Payments of dividends | (216.5) | (201.1) | (194.6) |
| Repurchases of common stock, including shares surrendered for tax withholdings | (623.8) | (480.9) | (449.7) |
| Other financing activities | (4.4) | — | — |
| Net cash used in financing activities | (769.7) | (704.0) | (665.6) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 37.4 | (8.2) | (13.6) |
| Net increase in cash, cash equivalents, and restricted cash | 65.3 | 258.8 | 133.7 |
| Cash, cash equivalents, and restricted cash at beginning of period | 1,929.4 | 1,670.6 | 1,536.9 |
| Cash, cash equivalents, and restricted cash at end of period | $1,994.7 | $1,929.4 | $1,670.6 |
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