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	2024-11-02
Cash and cash equivalents	2,262	2,194	1,976	1,969
Short-term investments	255	238	244	250
Merchandise inventory	2,459	2,294	2,097	2,331
Other current assets	664	651	567	580
Total current assets	5,640	5,377	4,884	5,130
Property and equipment, net of accumulated depreciation	2,517	2,478	2,470	2,546
Operating lease, right-of-use asset	3,337	3,397	3,267	3,217
Other long-term assets	876	894	944	960
Total assets	12,370	12,146	11,565	11,853

Accounts payable	1,545	1,656	1,292	1,523
Accrued expenses and other current liabilities	1,067	881	841	1,135
Operating lease, liability, current	629	631	633	617
Income taxes payable	38	29	88	50
Total current liabilities	3,279	3,197	2,854	3,325
Total long-term debt	1,491	1,491	1,490	1,489
Operating lease, liability, noncurrent	3,396	3,470	3,363	3,360
Lease incentives and other long-term liabilities	557	555	537	544
Total long-term liabilities	5,444	5,516	5,390	5,393
Authorized 2,300 shares for all periods presented	19	19	19	19
Additional paid in capital	81	48	91	177
Retained earnings	3,499	3,325	3,171	2,889
Amounts reclassified from accumulated other comprehensive income	48	41	40	50
Total stockholders' equity	3,647	3,433	3,321	3,135
Liabilities and equity	12,370	12,146	11,565	11,853