Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of The Gap.
Income Statement
| Breakdown | February 01, 2025 | February 03, 2024 | January 28, 2023 | January 29, 2022 | January 30, 2021 | February 01, 2020 | February 02, 2019 | February 03, 2018 | January 28, 2017 | January 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.09B | $14.89B | $15.62B | $16.67B | $13.80B | $16.38B | $16.58B | $15.86B | $15.52B | $15.80B |
| Cost of Revenue | $8.86B | $9.11B | $10.26B | $10.03B | $9.10B | $10.25B | $10.26B | $9.79B | $9.88B | $10.08B |
| Gross Profit | $6.23B | $5.78B | $5.36B | $6.64B | $4.71B | $6.13B | $6.32B | $6.07B | $5.64B | $5.72B |
| Gross Profit Ratio | 41.28% | 38.79% | 34.32% | 39.81% | 34.09% | 37.44% | 38.13% | 38.26% | 36.35% | 36.21% |
| Research and Development Expenses | $- | $37.00M | $46.00M | $41.00M | $46.00M | $41.00M | $50.00M | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $882.00M | $1.04B | $1.11B | $816.00M | $687.00M | $650.00M | $673.00M | $601.00M | $578.00M |
| Selling General and Administrative Expenses | $- | $882.00M | $1.04B | $1.11B | $816.00M | $687.00M | $650.00M | $673.00M | $601.00M | $578.00M |
| Other Expenses | $5.12B | $5.21B | $5.38B | $5.79B | $5.52B | $5.52B | $4.91B | $4.59B | $4.45B | $4.20B |
| Operating Expenses | $5.12B | $5.21B | $5.43B | $5.83B | $5.57B | $5.56B | $4.96B | $4.59B | $4.45B | $4.20B |
| Cost and Expenses | $13.97B | $14.33B | $15.69B | $15.86B | $14.66B | $15.81B | $15.22B | $14.38B | $14.32B | $14.27B |
| Interest Income | $-112.00M | $86.00M | $18.00M | $5.00M | $10.00M | $30.00M | $33.00M | $19.00M | $8.00M | $6.00M |
| Interest Expense | $87.00M | $90.00M | $88.00M | $167.00M | $192.00M | $76.00M | $73.00M | $74.00M | $75.00M | $59.00M |
| Depreciation and Amortization | $- | $522.00M | $540.00M | $504.00M | $507.00M | $557.00M | $578.00M | $559.00M | $593.00M | $592.00M |
| EBITDA | $1.11B | $1.14B | $476.00M | $1.64B | $-403.00M | $1.16B | $1.99B | $2.06B | $1.79B | $2.12B |
| EBITDA Ratio | 7.37% | 7.68% | 3.05% | 9.83% | -2.92% | 7.09% | 11.98% | 12.97% | 11.55% | 13.43% |
| Operating Income | $1.11B | $622.00M | $-69.00M | $810.00M | $-862.00M | $574.00M | $1.36B | $1.48B | $1.19B | $1.52B |
| Operating Income Ratio | 7.37% | 4.18% | -0.44% | 4.86% | -6.25% | 3.50% | 8.21% | 9.33% | 7.68% | 9.65% |
| Total Other Income Expenses Net | $25.00M | $-66.00M | $-70.00M | $-487.00M | $-240.00M | $-46.00M | $-40.00M | $-55.00M | $-67.00M | $-53.00M |
| Income Before Tax | $1.14B | $556.00M | $-139.00M | $323.00M | $-1.10B | $528.00M | $1.32B | $1.42B | $1.12B | $1.47B |
| Income Before Tax Ratio | 7.54% | 3.73% | -0.89% | 1.94% | -7.99% | 3.22% | 7.97% | 8.98% | 7.24% | 9.31% |
| Income Tax Expense | $293.00M | $54.00M | $63.00M | $67.00M | $-437.00M | $177.00M | $319.00M | $576.00M | $448.00M | $551.00M |
| Net Income | $844.00M | $502.00M | $-202.00M | $256.00M | $-665.00M | $351.00M | $1.00B | $848.00M | $676.00M | $920.00M |
| Net Income Ratio | 5.59% | 3.37% | -1.29% | 1.54% | -4.82% | 2.14% | 6.05% | 5.35% | 4.36% | 5.82% |
| EPS | $2.24 | $1.36 | $-0.55 | $0.68 | $-1.78 | $0.93 | $2.61 | $2.16 | $1.69 | $2.24 |
| EPS Diluted | $2.20 | $1.34 | $-0.55 | $0.67 | $-1.78 | $0.93 | $2.59 | $2.14 | $1.69 | $2.23 |
| Weighted Average Shares Outstanding | 376.00M | 370.00M | 367.00M | 376.00M | 374.00M | 376.00M | 385.00M | 393.00M | 399.00M | 411.00M |
| Weighted Average Shares Outstanding Diluted | 384.00M | 376.00M | 367.00M | 383.00M | 374.00M | 378.00M | 388.00M | 396.00M | 400.00M | 413.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | February 01, 2025 | February 03, 2024 | January 28, 2023 | January 29, 2022 | January 30, 2021 | February 01, 2020 | February 02, 2019 | February 03, 2018 | January 28, 2017 | January 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $2.33B | $1.87B | $1.22B | $877.00M | $1.99B | $1.36B | $1.08B | $1.78B | $1.78B | $1.37B |
| Short Term Investments | $253.00M | $- | $- | $- | $410.00M | $290.00M | $288.00M | $- | $- | $- |
| Cash and Short Term Investments | $2.59B | $1.87B | $1.22B | $877.00M | $2.40B | $1.65B | $1.37B | $1.78B | $1.78B | $1.37B |
| Net Receivables | $- | $289.00M | $340.00M | $399.00M | $363.00M | $316.00M | $321.00M | $282.00M | $335.00M | $282.00M |
| Inventory | $2.07B | $2.00B | $2.39B | $3.02B | $2.45B | $2.16B | $2.13B | $2.00B | $1.83B | $1.87B |
| Other Current Assets | $548.00M | $269.00M | $747.00M | $981.00M | $896.00M | $390.00M | $430.00M | $506.00M | $367.00M | $460.00M |
| Total Current Assets | $5.20B | $4.39B | $4.62B | $5.17B | $6.01B | $4.52B | $4.25B | $4.57B | $4.32B | $3.98B |
| Property Plant Equipment Net | $5.74B | $5.68B | $5.86B | $6.71B | $7.06B | $8.52B | $2.91B | $2.81B | $2.62B | $2.85B |
| Goodwill | $- | $207.00M | $207.00M | $207.00M | $109.00M | $109.00M | $109.00M | $109.00M | $109.00M | $180.00M |
| Intangible Assets | $- | $72.00M | $81.00M | $90.00M | $61.00M | $121.00M | $92.00M | $95.00M | $95.00M | $92.00M |
| Goodwill and Intangible Assets | $- | $279.00M | $288.00M | $297.00M | $170.00M | $230.00M | $201.00M | $204.00M | $204.00M | $272.00M |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $946.00M | $689.00M | $620.00M | $587.00M | $533.00M | $409.00M | $685.00M | $412.00M | $475.00M | $366.00M |
| Total Non-Current Assets | $6.68B | $6.65B | $6.77B | $7.60B | $7.76B | $9.16B | $3.80B | $3.42B | $3.29B | $3.49B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $11.88B | $11.04B | $11.39B | $12.76B | $13.77B | $13.68B | $8.05B | $7.99B | $7.61B | $7.47B |
| Account Payables | $1.49B | $1.35B | $1.32B | $1.95B | $1.74B | $1.17B | $1.13B | $1.18B | $1.24B | $1.11B |
| Short Term Debt | $632.00M | $1.20B | $1.33B | $1.47B | $1.66B | $920.00M | $- | $- | $65.00M | $421.00M |
| Tax Payables | $53.00M | $39.00M | $50.00M | $25.00M | $34.00M | $48.00M | $24.00M | $10.00M | $32.00M | $23.00M |
| Deferred Revenue | $- | $337.00M | $354.00M | $345.00M | $231.00M | $- | $227.00M | $247.00M | $256.00M | $254.00M |
| Other Current Liabilities | $1.08B | $171.00M | $198.00M | $288.00M | $214.00M | $1.07B | $797.00M | $1.02B | $857.00M | $725.00M |
| Total Current Liabilities | $3.26B | $3.10B | $3.26B | $4.08B | $3.88B | $3.21B | $2.17B | $2.46B | $2.45B | $2.54B |
| Long Term Debt | $4.84B | $4.84B | $5.35B | $9.55B | $11.45B | $6.76B | $1.25B | $1.25B | $1.25B | $1.31B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $512.00M | $544.00M | $-3.59B | $-4.18B | $397.00M | $1.07B | $1.14B | $1.00B | $1.08B |
| Total Non-Current Liabilities | $4.84B | $5.35B | $5.90B | $5.96B | $7.27B | $7.15B | $2.32B | $2.38B | $2.25B | $2.39B |
| Other Liabilities | $-2.73B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $5.37B | $8.45B | $9.15B | $10.04B | $11.15B | $10.36B | $4.50B | $4.84B | $4.71B | $4.93B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $- | $19.00M | $18.00M | $19.00M | $19.00M | $19.00M | $19.00M | $19.00M | $20.00M | $20.00M |
| Retained Earnings | $3.04B | $2.42B | $2.14B | $2.62B | $2.50B | $3.26B | $3.48B | $3.08B | $2.75B | $2.44B |
| Accumulated Other Comprehensive Income Loss | $60.00M | $43.00M | $48.00M | $38.00M | $9.00M | $40.00M | $53.00M | $36.00M | $54.00M | $85.00M |
| Other Total Stockholders Equity | $165.00M | $113.00M | $27.00M | $43.00M | $85.00M | $- | $- | $8.00M | $81.00M | $- |
| Total Stockholders Equity | $3.26B | $2.60B | $2.23B | $2.72B | $2.61B | $3.32B | $3.55B | $3.14B | $2.90B | $2.54B |
| Total Equity | $3.26B | $2.60B | $2.23B | $2.72B | $2.61B | $3.32B | $3.55B | $3.14B | $2.90B | $2.54B |
| Total Liabilities and Stockholders Equity | $11.88B | $11.04B | $11.39B | $12.76B | $13.77B | $13.68B | $8.05B | $7.99B | $7.61B | $7.47B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $11.88B | $11.04B | $11.39B | $12.76B | $13.77B | $13.68B | $8.05B | $7.99B | $7.61B | $7.47B |
| Total Investments | $253.00M | $33.00M | $41.00M | $25.00M | $410.00M | $290.00M | $288.00M | $14.00M | $41.00M | $85.00M |
| Total Debt | $5.47B | $5.44B | $6.02B | $6.25B | $7.66B | $7.68B | $1.25B | $1.25B | $1.31B | $1.73B |
| Net Debt | $3.14B | $3.57B | $4.80B | $5.37B | $5.68B | $6.31B | $168.00M | $-534.00M | $-470.00M | $361.00M |
Cash Flow Statement
| Breakdown | February 01, 2025 | February 03, 2024 | January 28, 2023 | January 29, 2022 | January 30, 2021 | February 01, 2020 | February 02, 2019 | February 03, 2018 | January 28, 2017 | January 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $844.00M | $502.00M | $-202.00M | $256.00M | $-665.00M | $351.00M | $1.00B | $848.00M | $676.00M | $920.00M |
| Depreciation and Amortization | $500.00M | $522.00M | $540.00M | $504.00M | $507.00M | $557.00M | $578.00M | $559.00M | $593.00M | $592.00M |
| Deferred Income Tax | $27.00M | $-64.00M | $42.00M | $-61.00M | $-137.00M | $-81.00M | $65.00M | $61.00M | $-58.00M | $101.00M |
| Stock Based Compensation | $126.00M | $80.00M | $37.00M | $139.00M | $77.00M | $68.00M | $91.00M | $87.00M | $76.00M | $76.00M |
| Change in Working Capital | $- | $500.00M | $188.00M | $-492.00M | $-172.00M | $4.00M | $-303.00M | $-162.00M | $321.00M | $44.00M |
| Accounts Receivables | $- | $- | $- | $- | $-115.00M | $- | $-101.00M | $35.00M | $- | $18.00M |
| Inventory | $-88.00M | $383.00M | $554.00M | $-593.00M | $-305.00M | $4.00M | $-154.00M | $-142.00M | $46.00M | $-6.00M |
| Accounts Payables | $137.00M | $42.00M | $-540.00M | $186.00M | $564.00M | $66.00M | $-78.00M | $-90.00M | $146.00M | $-47.00M |
| Other Working Capital | $- | $75.00M | $174.00M | $-85.00M | $-316.00M | $-66.00M | $30.00M | $35.00M | $129.00M | $79.00M |
| Other Non Cash Items | $-11.00M | $-8.00M | $2.00M | $463.00M | $627.00M | $512.00M | $-53.00M | $-13.00M | $111.00M | $-139.00M |
| Net Cash Provided by Operating Activities | $1.49B | $1.53B | $607.00M | $809.00M | $237.00M | $1.41B | $1.38B | $1.38B | $1.72B | $1.59B |
| Investments in Property Plant and Equipment | $-447.00M | $-420.00M | $-685.00M | $-694.00M | $-392.00M | $-1.04B | $-705.00M | $-731.00M | $-524.00M | $-726.00M |
| Acquisitions Net | $- | $9.00M | $- | $-156.00M | $- | $-69.00M | $- | $- | $- | $- |
| Purchases of Investments | $-409.00M | $- | $- | $-753.00M | $-508.00M | $-293.00M | $-464.00M | $- | $- | $- |
| Sales Maturities of Investments | $162.00M | $- | $- | $1.16B | $388.00M | $293.00M | $177.00M | $- | $- | $- |
| Other Investing Activities | $2.00M | $77.00M | $458.00M | $-5.00M | $2.00M | $220.00M | $-9.00M | $63.00M | $-5.00M | $-4.00M |
| Net Cash Used for Investing Activities | $-692.00M | $-334.00M | $-227.00M | $-446.00M | $-510.00M | $-894.00M | $-1.00B | $-668.00M | $-529.00M | $-730.00M |
| Debt Repayment | $- | $-350.00M | $350.00M | $-1.05B | $943.00M | $- | $- | $-67.00M | $-421.00M | $379.00M |
| Common Stock Issued | $- | $27.00M | $- | $- | $22.00M | $25.00M | $- | $- | $29.00M | $- |
| Common Stock Repurchased | $-75.00M | $-20.00M | $-123.00M | $-201.00M | $-9.00M | $-200.00M | $-398.00M | $-315.00M | $-19.00M | $-1.01B |
| Dividends Paid | $-225.00M | $-222.00M | $-220.00M | $-226.00M | $- | $-364.00M | $-373.00M | $-361.00M | $-367.00M | $-377.00M |
| Other Financing Activities | $-96.00M | $5.00M | $-1.00M | $2.00M | $-48.00M | $-196.00M | $22.00M | $12.00M | $11.00M | $23.00M |
| Net Cash Used Provided by Financing Activities | $-321.00M | $-567.00M | $6.00M | $-1.47B | $895.00M | $-560.00M | $-749.00M | $-731.00M | $-777.00M | $-990.00M |
| Effect of Forex Changes on Cash | $-9.00M | $-3.00M | $-15.00M | $-6.00M | $13.00M | $4.00M | $-10.00M | $19.00M | $- | $-19.00M |
| Net Change in Cash | $464.00M | $628.00M | $371.00M | $-1.11B | $635.00M | $-39.00M | $-379.00M | $- | $413.00M | $-145.00M |
| Cash at End of Period | $2.37B | $1.90B | $1.27B | $902.00M | $2.02B | $1.38B | $1.42B | $1.78B | $1.78B | $1.37B |
| Cash at Beginning of Period | $1.90B | $1.27B | $902.00M | $2.02B | $1.38B | $1.42B | $1.80B | $1.78B | $1.37B | $1.51B |
| Operating Cash Flow | $1.49B | $1.53B | $607.00M | $809.00M | $237.00M | $1.41B | $1.38B | $1.38B | $1.72B | $1.59B |
| Capital Expenditure | $-447.00M | $-420.00M | $-685.00M | $-694.00M | $-392.00M | $-1.04B | $-705.00M | $-731.00M | $-524.00M | $-726.00M |
| Free Cash Flow | $1.04B | $1.11B | $-78.00M | $115.00M | $-155.00M | $366.00M | $676.00M | $649.00M | $1.20B | $868.00M |