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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EX-99.1 · FREE CASH FLOW
FREE CASH FLOW
Free cash flow is a non-GAAP financial measure. We believe free cash flow is an important metric because it represents a measure of how much cash a company has available for discretionary and non-discretionary items after the deduction of capital expenditures. We require regular capital expenditures including technology investments as well as building and maintaining our stores and distribution centers. We use this metric internally, as we believe our sustained ability to generate free cash flow is an important driver of value creation. However, this non-GAAP financial measure is not intended to supersede or replace our GAAP results.
| 26 Weeks Ended | ||
|---|---|---|
| ($ in millions) | August 1, 2026 | August 2, 2025 |
| Net cash provided by (used for) operating activities (a) | $550 | $308 |
| Less: Purchases of property and equipment | (289) | (181) |
| Free cash flow | $261 | $127 |
(a) For the twenty-six weeks ended August 1, 2026, net cash provided by operating activities includes the impact of a pre-tax gain of $313 million related to a credit card interchange fee litigation settlement, net of legal fees, and a $50 million pre-tax charitable contribution made concurrently during the first quarter of fiscal 2026.
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