For the quarter ending 2025-11-01, M had -$383M decrease in cash & cash equivalents over the period. -$101M in free cash flow.
| Cash Flow | 2025-11-01 | 2025-08-02 | 2025-05-03 | 2025-02-01 |
|---|---|---|---|---|
| Net income | 11 | 86 | 38 | 342 |
| Impairment, restructuring and other costs (benefits) | 3 | 23 | 7 | 176 |
| Settlement charges | - | - | - | -46 |
| Depreciation and amortization | 235 | 218 | 219 | 224 |
| Stock-based compensation expense | 15 | 15 | 13 | 16 |
| Gains on sale of real estate | 12 | 16 | 16 | 41 |
| Benefit plans | 1 | 0 | 1 | 1 |
| Amortization of financing costs and premium on acquired debt | 1 | 4 | 2 | 2 |
| Deferred income taxes | 4 | 1 | -2 | -4 |
| Decrease in receivables | -24 | -30 | -62 | 66 |
| Increase in merchandise inventories | 1,955 | -321 | 198 | -1,789 |
| Increase in prepaid expenses and other current assets | 5 | -14 | 68 | -30 |
| Increase in merchandise accounts payable | 1,510 | -277 | 242 | -1,338 |
| Decrease in accounts payable and accrued liabilities | 212 | -61 | -344 | 157 |
| Decrease in current income taxes | -13 | -16 | 25 | 2 |
| Change in other assets and liabilities | 39 | 23 | 45 | 28 |
| Net cash provided (used) by operating activities | -8 | 319 | -64 | 1,308 |
| Purchase of property and equipment | 93 | 79 | 100 | 119 |
| Capitalized software | 89 | 87 | 77 | 114 |
| Proceeds from disposition of assets, net | 20 | 37 | 38 | 96 |
| Other, net | 1 | 0 | -6 | 0 |
| Net cash used by investing activities | -163 | -129 | -133 | -137 |
| Debt issued | 0 | 500 | - | 125 |
| Debt issuance costs | 0 | 7 | 6 | 0 |
| Debt repaid | 195 | 650 | 1 | 524 |
| Debt repurchase premium and expenses | 16 | 11 | - | 0 |
| Dividends paid | 49 | 49 | 51 | 48 |
| Increase in outstanding checks | 99 | -24 | -23 | -44 |
| Acquisition of treasury stock | 51 | 52 | 97 | 1 |
| Net cash used by financing activities | -212 | -293 | -178 | -179 |
| Net decrease in cash, cash equivalents and restricted cash | -383 | -103 | -375 | 992 |
| Cash and cash equivalents at beginning of period | 832 | 935 | 1,310 | 318 |
| Cash and cash equivalents at end of period | 449 | 832 | 935 | 1,310 |
Macy's, Inc. (M)
Macy's, Inc. (M)