GAP: the balance sheet

MyFinsight

For the year ending 2026-01-31, GAP has $12,632M in assets. $2,616M in cash and cash equivalents.

Balance Sheets	2026-01-31	2025-02-01	2024-02-03	2023-01-28
Cash and cash equivalents	2,616	2,335	1,873	1,215
Short-term investments	386	253	-	-
Merchandise inventory	2,207	2,067	1,995	2,389
Other current assets	568	548	527	1,013
Total current assets	5,777	5,203	4,395	4,617
Property and equipment, net of accumulated depreciation	2,507	2,496	2,566	2,688
Operating lease assets	3,443	3,240	3,115	3,173
Other long-term assets	905	946	968	908
Total assets	12,632	11,885	11,044	11,386

Accounts payable	1,567	1,488	1,349	1,320
Accrued expenses and other current liabilities	1,044	1,083	1,108	1,219
Current portion of operating lease liabilities	634	632	600	667
Income taxes payable	55	53	39	50
Total current liabilities	3,300	3,256	3,096	3,256
Line of credit facility, amount outstanding	-	-	0	350
Long-term debt	1,492	1,490	1,488	1,486
Long-term operating lease liabilities	3,485	3,353	3,353	3,517
Other long-term liabilities	554	522	512	544
Total long-term liabilities	5,531	5,365	5,353	5,897
Common stock 0.05 par value, authorized 2,300 shares for all periods presented	19	19	19	18
Additional paid in capital	136	146	113	27
Retained earnings	3,608	3,039	2,420	2,140
Accumulated other comprehensive income	38	60	43	48
Total stockholders' equity	3,801	3,264	2,595	2,233
Total liabilities and stockholders' equity	12,632	11,885	11,044	11,386

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