GAP INC
For the period ended Aug 27, 2026. Filed Aug 27, 2026.
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Aug 27, 2026 · Filed Aug 27, 2026
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Contents
EX-99.1 · CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| 26 Weeks Ended | ||
|---|---|---|
| ($ in millions) | August 1, 2026 (a) | August 2, 2025 (a) |
| Cash flows from operating activities: | ||
| Net income | $840 | $409 |
| Depreciation and amortization | 259 | 243 |
| Change in merchandise inventory | (97) | (214) |
| Change in other current assets and other long-term assets | (524) | (79) |
| Change in accounts payable | 116 | 137 |
| Change in accrued expenses and other liabilities | (185) | (237) |
| Other, net | 141 | 49 |
| Net cash provided by operating activities | 550 | 308 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (289) | (181) |
| Purchases of short-term investments | (216) | (145) |
| Proceeds from sales and maturities of short-term investments | 220 | 162 |
| Net cash used for investing activities | (285) | (164) |
| Cash flows from financing activities: | ||
| Proceeds from issuances under share-based compensation plans | 12 | 12 |
| Withholding tax payments related to vesting of stock units | (63) | (29) |
| Repurchases of common stock | (601) | (152) |
| Cash dividends paid | (125) | (123) |
| Net cash used for financing activities | (777) | (292) |
| Effect of foreign exchange rate fluctuations on cash, cash equivalents, and restricted cash | (2) | 5 |
| Net decrease in cash, cash equivalents, and restricted cash | (514) | (143) |
| Cash, cash equivalents, and restricted cash at beginning of period | 2,644 | 2,365 |
| Cash, cash equivalents, and restricted cash at end of period | $2,130 | $2,222 |
Certain prior period amounts have been reclassified to conform to the current period presentation.
(a) For the twenty-six weeks ended August 1, 2026 and August 2, 2025, total cash, cash equivalents, and restricted cash includes $27 million and $28 million, respectively, of restricted cash recorded within other long-term assets on the Condensed Consolidated Balance Sheets.
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