For the quarter ending 2026-03-28, TPR had -$6.8M decrease in cash & cash equivalents over the period. $225.8M in free cash flow.
| Cash Flow | 2026-03-28 | 2025-12-27 | 2025-09-27 | 2025-06-28 |
|---|---|---|---|---|
| Net income (loss) | 343.8 | 561.3 | 274.8 | -517.1 |
| Depreciation and amortization | 39.4 | 39 | 37.2 | 43.1 |
| Impairment charges | - | - | - | 854.8 |
| Amortization of cloud computing arrangements | 14.5 | 14.1 | 14.4 | 18.4 |
| Provision for bad debt | 0.8 | 3.4 | 0.9 | 0.6 |
| Loss on extinguishment of debt | 0 | 0 | - | 0 |
| Share-based compensation | 27.6 | 29 | 22.4 | 22.2 |
| Deferred income taxes | 10.4 | 40.3 | 58.5 | -181.5 |
| Changes to lease related balances, net | -3.2 | -5.4 | -6.4 | -8.2 |
| Other non-cash charges, net | 11.7 | 9.3 | -2.7 | 8.8 |
| Trade accounts receivable | -18.9 | 54.5 | 46.2 | -52.6 |
| Inventories | -52.4 | -124.5 | 160.6 | -24.5 |
| Accounts payable | -56.9 | 75.6 | 33.8 | 30.6 |
| Accrued liabilities | -133.4 | 134.6 | -71.1 | 124.9 |
| Other liabilities | -15 | 28.6 | 6.2 | -1.9 |
| Other assets | 25 | -99.9 | 54 | 7.4 |
| Net cash provided by (used in) operating activities | 262.6 | 1,081.1 | 112.6 | 446.8 |
| Purchases of investments | 0.6 | 0.3 | 8.4 | 0.3 |
| Proceeds from maturities and sales of investments | 1.6 | 0.5 | 0.5 | 1.4 |
| Purchases of property and equipment | 36.8 | 43.6 | 32.4 | 35.3 |
| Settlement of net investment hedge | - | - | - | 0 |
| Proceeds from sale of business, net of cash divested | -0.5 | 0 | 109.6 | - |
| Net cash provided by (used in) investing activities | -36.3 | -43.4 | 69.3 | -34.2 |
| Payment of dividends | 81 | 81.3 | 83.3 | 72.8 |
| Repurchase of common stock | 150.2 | 403.5 | 698.2 | 53.4 |
| Share repurchase not yet settled | 0 | 0 | - | 300 |
| Proceeds from issuance of debt, net of discount | 0 | 0 | - | 0 |
| Payment of debt issuance costs | 0 | 0 | 0.5 | 0 |
| Payment of debt extinguishment costs | 0 | 0 | - | 0 |
| Proceeds from/(repayments of) commercial paper, net | - | - | 240 | - |
| Repayment of debt | 0 | 0 | - | 303.4 |
| Proceeds from share-based awards | 19.8 | 21.2 | 69.9 | 13.8 |
| Taxes paid to net settle share-based awards | 0.4 | 2.1 | 78.7 | 0.8 |
| Proceeds from revolving credit facility | 0 | 0 | - | 0 |
| Repayment of revolving credit facility | 17 | 0 | - | 0 |
| Other financing activities | - | - | - | -1.2 |
| Payments of finance lease liabilities | 0 | 0 | -0.3 | - |
| Net cash provided by (used in) financing activities | -228.8 | -705.7 | -550.8 | -366.8 |
| Effect of exchange rate changes on cash and cash equivalents | -4.3 | 1.8 | -11.6 | 10.9 |
| Net (decrease) increase in cash and cash equivalents, including cash classified within assets held for sale | - | - | - | 56.7 |
| Net increase (decrease) in cash and cash equivalents, including cash classified within assets held for sale | 53.5 | - | - | - |
| Less net increase (decrease) in cash classified within current assets held for sale | 0 | - | - | -5.6 |
| Net increase (decrease) in cash and cash equivalents | -6.8 | 333.8 | -380.5 | 62.3 |
| Cash and cash equivalents at beginning of period | 1,053.3 | 719.5 | 1,100 | 1,037.7 |
| Cash and cash equivalents at end of period | 1,046.5 | 1,053.3 | 719.5 | 1,100 |
TAPESTRY, INC. (TPR)
TAPESTRY, INC. (TPR)