gap: the balance sheet

MyFinsight

For the quarter ending 2025-08-02, GAP has $12,146M in assets. $2,194M in cash and cash equivalents.

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

Balance Sheets	2025-08-02	2025-05-03	2024-11-02	2024-08-03
Cash and cash equivalents	2,194	1,976	1,969	1,900
Short-term investments	238	244	250	246
Merchandise inventory	2,294	2,097	2,331	2,107
Other current assets	651	567	580	556
Total current assets	5,377	4,884	5,130	4,809
Property and equipment, net of accumulated depreciation	2,478	2,470	2,546	2,525
Operating lease, right-of-use asset	3,397	3,267	3,217	3,185
Other long-term assets	894	944	960	990
Total assets	12,146	11,565	11,853	11,509

Accounts payable	1,656	1,292	1,523	1,522
Accrued expenses and other current liabilities	881	841	1,135	1,029
Operating lease, liability, current	631	633	617	613
Income taxes payable	29	88	50	60
Total current liabilities	3,197	2,854	3,325	3,224
Long-term line of credit	-	-	-	0
Total long-term debt	1,491	1,490	1,489	1,489
Operating lease, liability, noncurrent	3,470	3,363	3,360	3,357
Lease incentives and other long-term liabilities	555	537	544	538
Total long-term liabilities	5,516	5,390	5,393	5,384
Authorized 2,300 shares for all periods presented	19	19	19	19
Additional paid in capital	48	91	177	159
Retained earnings	3,325	3,171	2,889	2,672
Amounts reclassified from accumulated other comprehensive income	41	40	50	51
Total stockholders' equity	3,433	3,321	3,135	2,901
Liabilities and equity	12,146	11,565	11,853	11,509