GAP: the balance sheet

MyFinsight

For the quarter ending 2025-11-01, GAP has $12,370M in assets. $2,262M in cash and cash equivalents.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-11-01	2025-08-02	2025-05-03	2025-02-01
Cash and cash equivalents	2,262	2,194	1,976	2,335
Short-term investments	255	238	244	253
Merchandise inventory	2,459	2,294	2,097	2,067
Other current assets	664	651	567	548
Total current assets	5,640	5,377	4,884	5,203
Property and equipment, net of accumulated depreciation	2,517	2,478	2,470	2,496
Operating lease, right-of-use asset	3,337	3,397	3,267	3,240
Other long-term assets	876	894	944	946
Total assets	12,370	12,146	11,565	11,885

Accounts payable	1,545	1,656	1,292	1,488
Accrued expenses and other current liabilities	1,067	881	841	1,083
Operating lease, liability, current	629	631	633	632
Income taxes payable	38	29	88	53
Total current liabilities	3,279	3,197	2,854	3,256
Total long-term debt	1,491	1,491	1,490	1,490
Operating lease, liability, noncurrent	3,396	3,470	3,363	3,353
Lease incentives and other long-term liabilities	557	555	537	522
Total long-term liabilities	5,444	5,516	5,390	5,365
Authorized 2,300 shares for all periods presented	19	19	19	19
Additional paid in capital	81	48	91	146
Retained earnings	3,499	3,325	3,171	3,039
Amounts reclassified from accumulated other comprehensive income	48	41	40	60
Total stockholders' equity	3,647	3,433	3,321	3,264
Liabilities and equity	12,370	12,146	11,565	11,885

Unit: Million (M) dollars