Cash flow Macy's, Inc.

Equities

M

US55616P1049

Department Stores

Market Closed - Nyse Other stock markets 04:00:02 2025-06-12 pm EDT			5-day change	1st Jan Change
11.90 ^USD	-2.14%		-0.17%	-29.71%

May. 28	Consumer Cos Down as Macy's Cuts Earnings View -- Consumer Roundup	DJ
May. 28	Macy's Maintains Sales Outlook	MT

770223bb.h2h7kSX4MT3JXeVRt7WhYMqUL36nwCOTwmScH1ertZs.7Fgx1HK-XXSqB9w4w9PFB72hehXzkXfhiwLRSRL83a73KhX6RpAGdf0f3Q

Published financial data: MACY'S, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2021	2022	2023	2024	2025
Revenues	17.35B	24.46B	24.44B	23.09B	22.29B
Other Revenues, Total	751M	832M	863M	774M	713M
Total Revenues	18.1B	25.29B	25.3B	23.87B	23.01B
Cost of Goods Sold, Total	12.29B	14.96B	15.31B	14.14B	13.74B
Gross Profit	5.81B	10.34B	10B	9.72B	9.27B
Selling General & Admin Expenses, Total	6.71B	7.98B	8.3B	8.36B	8.31B
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses	-	21M	21M	15M	39M
Other Operating Expenses, Total	6.71B	8B	8.32B	8.38B	8.35B
Operating Income	-902M	2.33B	1.68B	1.34B	913M
Interest Expense, Total	-284M	-256M	-175M	-135M	-115M
Interest And Investment Income	4M	1M	13M	-	-
Net Interest Expenses	-280M	-255M	-162M	-135M	-115M
Other Non Operating Income (Expenses)	-5M	-	-	-	-
EBT, Excl. Unusual Items	-1.19B	2.08B	1.52B	1.21B	798M
Restructuring Charges	-224M	-3M	-5M	-55M	-44M
Impairment of Goodwill	-3.08B	-	-	-	-
Gain (Loss) On Sale Of Assets	60M	91M	89M	61M	144M
Asset Writedown	-200M	-6M	-15M	-957M	-88M
Other Unusual Items	-159M	-295M	-70M	-134M	-47M
EBT, Incl. Unusual Items	-4.79B	1.87B	1.52B	124M	763M
Income Tax Expense	-846M	436M	341M	19M	181M
Earnings From Continuing Operations	-3.94B	1.43B	1.18B	105M	582M
Net Income to Company	-3.94B	1.43B	1.18B	105M	582M
Minority Interest	-	-	-	-	-
Net Income - (IS)	-3.94B	1.43B	1.18B	105M	582M
Net Income to Common Incl Extra Items	-3.94B	1.43B	1.18B	105M	582M
Net Income to Common Excl. Extra Items	-3.94B	1.43B	1.18B	105M	582M
Per Share Items
Net EPS - Basic	-12.68	4.66	4.28	0.38	2.1
Basic EPS - Continuing Operations	-12.68	4.66	4.28	0.38	2.1
Basic Weighted Average Shares Outstanding	311M	307M	275M	274M	278M
Net EPS - Diluted	-12.68	4.55	4.19	0.38	2.07
Diluted EPS - Continuing Operations	-12.68	4.55	4.19	0.38	2.07
Diluted Weighted Average Shares Outstanding	311M	314M	281M	278M	282M
Normalized Basic EPS	-2.38	4.24	3.46	2.76	1.8
Normalized Diluted EPS	-2.38	4.14	3.38	2.72	1.77
Dividend Per Share	0.38	0.3	0.63	0.66	0.69
Payout Ratio	-2.97	6.29	14.7	172.38	32.99
Supplemental Items
EBITDA	-211M	2.97B	2.3B	1.97B	1.48B
EBITA	-900M	2.34B	1.68B	1.35B	918M
EBIT	-902M	2.33B	1.68B	1.34B	913M
EBITDAR	216M	3.38B	2.61B	2.28B	1.79B
Total Revenues (As Reported)	-	-	-	23.87B	23.01B
Effective Tax Rate - (Ratio)	17.66	23.37	22.46	15.32	23.72
Current Domestic Taxes	-519M	417M	379M	263M	233M
Total Current Taxes	-519M	417M	379M	263M	233M
Deferred Domestic Taxes	-327M	19M	-38M	-244M	-52M
Total Deferred Taxes	-327M	19M	-38M	-244M	-52M
Normalized Net Income	-742M	1.3B	949M	756M	499M
Interest Capitalized	9M	14M	22M	28M	30M
Interest on Long-Term Debt	297M	273M	199M	200M	191M
Non-Cash Pension Expense	-51M	-62M	-16M	-8M	-12M
Supplemental Operating Expense Items
Advertising Expense	818M	1.18B	1.16B	1.11B	1.1B
Selling and Marketing Expenses	-	-	-	-	-
Net Rental Expense, Total	427M	413M	304M	303M	304M
Imputed Operating Lease Interest Expense	128M	119M	73.61M	62.54M	56.81M
Imputed Operating Lease Depreciation	299M	294M	230M	240M	247M
Stock-Based Comp., SG&A Exp. (Total)	31M	55M	54M	47M	58M
Total Stock-Based Compensation	31M	55M	54M	47M	58M

Fiscal Period: February	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.68B	1.71B	862M	1.03B	1.31B
Total Cash And Short Term Investments	1.68B	1.71B	862M	1.03B	1.31B
Accounts Receivable, Total	276M	297M	300M	293M	303M
Other Receivables	-	-	-	-	17M
Total Receivables	276M	297M	300M	293M	320M
Inventory	3.77B	4.38B	4.27B	4.36B	4.47B
Prepaid Expenses	316M	207M	237M	276M	270M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	139M	159M	187M	125M	115M
Total Current Assets	6.18B	6.76B	5.85B	6.09B	6.48B
Gross Property Plant And Equipment	13.23B	13.03B	13.24B	11.9B	11.5B
Accumulated Depreciation	-4.41B	-4.56B	-4.65B	-4.29B	-4.19B
Net Property Plant And Equipment	8.82B	8.47B	8.6B	7.61B	7.31B
Goodwill	828M	828M	828M	828M	828M
Other Intangibles, Total	928M	946M	1.1B	1.19B	1.23B
Other Long-Term Assets, Total	948M	585M	491M	529M	555M
Total Assets	17.71B	17.59B	16.87B	16.25B	16.4B
Liabilities
Accounts Payable, Total	2.86B	3.28B	2.87B	2.52B	2.75B
Accrued Expenses, Total	844M	818M	719M	680M	713M
Current Portion of Long-Term Debt	452M	-	-	-	6M
Current Portion of Leases	200M	330M	335M	358M	367M
Current Income Taxes Payable	-	108M	58M	83M	-
Unearned Revenue Current, Total	616M	481M	399M	384M	353M
Other Current Liabilities	389M	399M	476M	402M	339M
Total Current Liabilities	5.36B	5.42B	4.86B	4.43B	4.52B
Long-Term Debt	4.41B	3.3B	3B	3B	2.77B
Long-Term Leases	3.18B	3.1B	2.96B	2.99B	2.93B
Pension & Other Post Retirement Benefits	730M	598M	495M	456M	425M
Deferred Tax Liability Non Current	908M	983M	947M	745M	724M
Other Non Current Liabilities	566M	579M	522M	494M	477M
Total Liabilities	15.15B	13.97B	12.78B	12.11B	11.85B
Common Stock, Total	3M	3M	3M	3M	3M
Additional Paid In Capital	571M	517M	467M	352M	300M
Retained Earnings	3.93B	5.27B	6.27B	6.19B	6.5B
Treasury Stock	-1.16B	-1.54B	-2.04B	-1.91B	-1.8B
Comprehensive Income and Other	-788M	-622M	-618M	-496M	-449M
Total Common Equity	2.55B	3.62B	4.08B	4.14B	4.55B
Minority Interest	-	-	-	-	-
Total Equity	2.55B	3.62B	4.08B	4.14B	4.55B
Total Liabilities And Equity	17.71B	17.59B	16.87B	16.25B	16.4B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	311M	292M	271M	274M	278M
ECS Total Common Shares Outstanding	310M	292M	271M	274M	278M
Book Value / Share	8.22	12.39	15.04	15.09	16.39
Tangible Book Value	797M	1.85B	2.16B	2.12B	2.5B
Tangible Book Value Per Share	2.57	6.32	7.95	7.74	8.99
Total Debt	8.24B	6.72B	6.29B	6.34B	6.07B
Net Debt	6.56B	5.01B	5.43B	5.31B	4.77B
Debt Equivalent of Unfunded Proj. Benefit Obligation	344M	112M	98M	12M	-65M
Debt Equivalent Oper. Leases	3.42B	3.3B	2.43B	2.42B	2.43B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	4	4	4	4	4
Inventories - Finished Goods, Total	3.77B	4.38B	4.27B	4.36B	4.47B
Land - (BS)	1.39B	1.35B	1.33B	1.26B	1.17B
Buildings, Total	4.92B	4.94B	5.06B	4.54B	4.47B
Machinery, Total	4.03B	3.92B	4.15B	3.78B	3.61B
Full Time Employees	75.71K	88.86K	94.57K	85.58K	94.19K
Assets under Capital Lease - Gross	-	-	-	-	-

Fiscal Period: February	2021	2022	2023	2024	2025
Net Income	-3.94B	1.43B	1.18B	105M	582M
Depreciation & Amortization - CF	689M	634M	620M	626M	566M
Amortization of Goodwill and Intangible Assets - (CF)	2M	2M	2M	2M	5M
Depreciation & Amortization, Total	691M	636M	622M	628M	571M
Amortization of Deferred Charges, Total - (CF)	286M	308M	246M	279M	321M
(Gain) Loss From Sale Of Asset	-60M	-91M	-89M	-61M	-144M
Asset Writedown & Restructuring Costs	3.5B	9M	20M	1.01B	132M
Stock-Based Compensation (CF)	31M	55M	54M	47M	58M
Other Operating Activities, Total	-121M	170M	39M	-91M	35M
Change In Accounts Receivable	132M	-21M	-3M	7M	2M
Change In Inventories	1.41B	-610M	116M	-99M	-51M
Change In Accounts Payable	237M	463M	-303M	-460M	-60M
Change In Income Taxes	-617M	588M	-75M	24M	-69M
Change In Deferred Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-896M	-225M	-189M	-86M	-99M
Cash from Operations	649M	2.71B	1.62B	1.3B	1.28B
Capital Expenditure	-338M	-354M	-888M	-631M	-518M
Sale of Property, Plant, and Equipment	113M	164M	137M	86M	283M
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-128M	-243M	-407M	-362M	-364M
Other Investing Activities, Total	28M	63M	-11M	-6M	7M
Cash from Investing	-325M	-370M	-1.17B	-913M	-592M
Short Term Debt Issued, Total	181M	-	-	2M	3M
Long-Term Debt Issued, Total	2.78B	1.08B	2.81B	961M	301M
Total Debt Issued	2.96B	1.08B	2.81B	963M	304M
Short Term Debt Repaid, Total	-	-23M	-181M	-	-
Long-Term Debt Repaid, Total	-2.05B	-2.7B	-3.1B	-963M	-524M
Total Debt Repaid	-2.05B	-2.72B	-3.28B	-963M	-524M
Issuance of Common Stock	-	7M	-	-	-
Repurchase of Common Stock	-1M	-500M	-601M	-38M	-1M
Common Dividends Paid	-117M	-90M	-173M	-181M	-192M
Common & Preferred Stock Dividends Paid	-117M	-90M	-173M	-181M	-192M
Other Financing Activities, Total	-95M	-161M	-50M	-1M	0
Cash from Financing	699M	-2.38B	-1.3B	-220M	-413M
Net Change in Cash	1.02B	-39M	-850M	172M	273M
Supplemental Items
Cash Interest Paid	257M	442M	188M	157M	155M
Cash Income Tax Paid (Refund)	98M	-171M	455M	240M	304M
Levered Free Cash Flow	1.25B	1.54B	63.25M	199M	426M
Unlevered Free Cash Flow	1.41B	1.63B	162M	273M	487M
Change In Net Working Capital	-1.45B	160M	505M	518M	141M
Net Debt Issued / Repaid	912M	-1.64B	-472M	0	-220M

Fiscal Period: February	2021	2022	2023	2024	2025
Profitability
Return on Assets	-2.9	8.27	6.1	5.07	3.5
Return on Total Capital	-4.59	13.8	10.14	8.06	5.43
Return On Equity %	-88.33	46.32	30.56	2.56	13.56
Return on Common Equity	-88.33	46.32	30.56	2.56	13.56
Margin Analysis
Gross Profit Margin %	32.11	40.87	39.51	40.74	40.28
SG&A Margin	37.09	31.56	32.79	35.05	36.14
EBITDA Margin %	-1.17	11.74	9.1	8.26	6.45
EBITA Margin %	-4.97	9.24	6.65	5.64	3.99
EBIT Margin %	-4.98	9.23	6.64	5.63	3.97
Income From Continuing Operations Margin %	-21.79	5.65	4.65	0.44	2.53
Net Income Margin %	-21.79	5.65	4.65	0.44	2.53
Net Avail. For Common Margin %	-21.79	5.65	4.65	0.44	2.53
Normalized Net Income Margin	-4.1	5.14	3.75	3.17	2.17
Levered Free Cash Flow Margin	6.89	6.09	0.25	0.83	1.85
Unlevered Free Cash Flow Margin	7.78	6.45	0.64	1.14	2.12
Asset Turnover
Asset Turnover	0.93	1.43	1.47	1.44	1.41
Fixed Assets Turnover	2	2.93	2.97	2.94	3.08
Receivables Turnover (Average Receivables)	50.65	85.38	81.88	77.88	74.81
Inventory Turnover (Average Inventory)	2.74	3.67	3.54	3.28	3.11
Short Term Liquidity
Current Ratio	1.15	1.25	1.2	1.37	1.43
Quick Ratio	0.36	0.37	0.24	0.3	0.36
Operating Cash Flow to Current Liabilities	0.12	0.5	0.33	0.29	0.28
Days Sales Outstanding (Average Receivables)	7.19	4.26	4.45	4.76	4.87
Days Outstanding Inventory (Average Inventory)	132.76	99.26	102.85	113.17	116.95
Average Days Payable Outstanding	92.32	71.75	73.73	70.32	71.05
Cash Conversion Cycle (Average Days)	47.62	31.78	33.57	47.61	50.76
Long Term Solvency
Total Debt/Equity	322.91	185.67	154.19	153.3	133.41
Total Debt / Total Capital	76.35	64.99	60.66	60.52	57.16
LT Debt/Equity	297.38	176.55	145.98	144.65	125.22
Long-Term Debt / Total Capital	70.32	61.8	57.43	57.1	53.65
Total Liabilities / Total Assets	85.58	79.41	75.8	74.54	72.25
EBIT / Interest Expense	-3.18	9.12	9.61	9.96	7.94
EBITDA / Interest Expense	0.76	13.21	14.9	16.85	15.55
(EBITDA - Capex) / Interest Expense	-0.43	11.83	9.82	12.18	11.04
Total Debt / EBITDA	38.17	1.99	2.41	2.79	3.4
Net Debt / EBITDA	30.39	1.48	2.08	2.33	2.67
Total Debt / (EBITDA - Capex)	-67.57	2.22	3.66	3.86	4.78
Net Debt / (EBITDA - Capex)	-53.81	1.65	3.16	3.23	3.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-28.56	39.76	0.05	-6.22	-3.6
Gross Profit, 1 Yr. Growth %	-42.81	77.87	-3.26	-4.14	-3.9
EBITDA, 1 Yr. Growth %	-111.17	-1.51K	-22.46	-14.37	-21.52
EBITA, 1 Yr. Growth %	-175.25	-359.56	-27.95	-20.02	-27.43
EBIT, 1 Yr. Growth %	-175.61	-358.76	-27.98	-20.05	-27.71
Earnings From Cont. Operations, 1 Yr. Growth %	-799.29	-136.26	-17.69	-91.08	1.19K
Net Income, 1 Yr. Growth %	-799.29	-136.26	-17.69	-91.08	1.19K
Normalized Net Income, 1 Yr. Growth %	-217.76	-275.15	-26.94	-20.41	-29.26
Diluted EPS Before Extra, 1 Yr. Growth %	-800.55	-135.88	-7.91	-90.93	1.19K
Accounts Receivable, 1 Yr. Growth %	-32.52	7.61	1.01	-2.33	3.41
Inventory, 1 Yr. Growth %	-27.26	16.14	-2.65	2.2	2.45
Net Property, Plant and Equip., 1 Yr. Growth %	-5.19	-3.91	1.45	-11.44	-3.94
Total Assets, 1 Yr. Growth %	-16.37	-0.66	-4.12	-3.68	0.96
Tangible Book Value, 1 Yr. Growth %	-42.58	131.74	16.73	-1.58	23.61
Common Equity, 1 Yr. Growth %	-59.97	41.83	12.73	1.35	12.81
Cash From Operations, 1 Yr. Growth %	-59.64	317.87	-40.45	-19.2	-2.07
Capital Expenditures, 1 Yr. Growth %	-62.53	4.73	150.85	-28.94	-17.91
Levered Free Cash Flow, 1 Yr. Growth %	277.53	23.48	-95.89	178.28	70.3
Unlevered Free Cash Flow, 1 Yr. Growth %	209.54	15.88	-90.09	68.91	50.02
Dividend Per Share, 1 Yr. Growth %	-75	-20.53	110	5.02	5.27
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-16.15	-0.08	18.25	-3.06	-4.92
Gross Profit, 2 Yr. CAGR %	-25.69	0.86	31.18	-3.51	-4.23
EBITDA, 2 Yr. CAGR %	-69.02	26.53	230.37	-18.52	-19
EBITA, 2 Yr. CAGR %	-23.6	41.79	36.75	-24.09	-25.23
EBIT, 2 Yr. CAGR %	-23.27	41.91	36.52	-24.12	-25.39
Earnings From Cont. Operations, 2 Yr. CAGR %	89.53	59.23	-45.37	-72.9	-28.74
Net Income, 2 Yr. CAGR %	88.67	59.23	-45.37	-72.9	-28.74
Normalized Net Income, 2 Yr. CAGR %	-4.88	46.1	13.12	-23.74	-26.52
Diluted EPS Before Extra, 2 Yr. CAGR %	88.73	58.55	-42.52	-71.1	-28.77
Accounts Receivable, 2 Yr. CAGR %	-16.93	-14.78	4.26	-0.68	0.5
Inventory, 2 Yr. CAGR %	-15.32	-8.09	6.33	-0.25	2.33
Net Property, Plant and Equip., 2 Yr. CAGR %	15.27	-4.55	-1.27	-5.21	-7.76
Total Assets, 2 Yr. CAGR %	-3.95	-8.85	-2.4	-3.9	-1.39
Tangible Book Value, 2 Yr. CAGR %	-24	15.36	64.47	7.19	7.62
Common Equity, 2 Yr. CAGR %	-37.02	-24.65	26.45	6.89	5.6
Cash From Operations, 2 Yr. CAGR %	-38.84	29.87	57.75	-30.63	-11.04
Capital Expenditures, 2 Yr. CAGR %	-28.27	-37.35	62.09	33.51	-23.62
Levered Free Cash Flow, 2 Yr. CAGR %	23.93	123.21	-77.49	-64.1	205.06
Unlevered Free Cash Flow, 2 Yr. CAGR %	19.2	93.98	-66.11	-59.08	89.16
Dividend Per Share, 2 Yr. CAGR %	-50	-55.43	29.18	48.5	5.02
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-10.97	-0.58	-0.03	9.66	-3.24
Gross Profit, 3 Yr. CAGR %	-17.79	-0.6	-0.53	18.72	-3.91
EBITDA, 3 Yr. CAGR %	-54.65	10.55	7.48	110.64	-20.65
EBITA, 3 Yr. CAGR %	-17.14	14.85	13.14	14.36	-26.75
EBIT, 3 Yr. CAGR %	-16.9	15.07	13.2	14.22	-26.87
Earnings From Cont. Operations, 3 Yr. CAGR %	36.38	9.21	27.79	-70.14	-25.89
Net Income, 3 Yr. CAGR %	36.06	8.88	27.79	-70.14	-25.89
Normalized Net Income, 3 Yr. CAGR %	-2.47	16.58	15.97	0.61	-27.33
Diluted EPS Before Extra, 3 Yr. CAGR %	35.47	8.52	32.29	-68.94	-23.09
Accounts Receivable, 3 Yr. CAGR %	-8.73	-9.45	-9.82	2.01	0.67
Inventory, 3 Yr. CAGR %	-10.01	-5.92	-6.31	4.94	0.64
Net Property, Plant and Equip., 3 Yr. CAGR %	9.74	8.48	-2.59	-4.78	-4.79
Total Assets, 3 Yr. CAGR %	-3.3	-2.87	-7.3	-2.83	-2.3
Tangible Book Value, 3 Yr. CAGR %	6.54	10.2	15.81	38.6	10.57
Common Equity, 3 Yr. CAGR %	-23.69	-17.45	-13.82	17.46	7.93
Cash From Operations, 3 Yr. CAGR %	-31	16.05	0.14	26.22	-22.18
Capital Expenditures, 3 Yr. CAGR %	-11.46	-18.63	-0.52	23.13	13.53
Levered Free Cash Flow, 3 Yr. CAGR %	8.28	23.78	-41.08	-45.8	-34.87
Unlevered Free Cash Flow, 3 Yr. CAGR %	4.63	18.08	-28.02	-42.11	-33.18
Dividend Per Share, 3 Yr. CAGR %	-37	-41.65	-25.28	20.57	32.31
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-7.74	-0.98	-0.26	-1.5	-1.91
Gross Profit, 5 Yr. CAGR %	-11.3	-1.05	-0.9	-1.57	-1.83
EBITDA, 5 Yr. CAGR %	-41.8	4.22	0.36	-2.15	-4.36
EBITA, 5 Yr. CAGR %	-15.76	7.07	1.25	-2.68	-4.6
EBIT, 5 Yr. CAGR %	-15.53	7.18	1.35	-2.58	-4.66
Earnings From Cont. Operations, 5 Yr. CAGR %	29.81	18.23	-5.42	-37.47	0.63
Net Income, 5 Yr. CAGR %	29.76	17.93	-5.55	-37.58	0.63
Normalized Net Income, 5 Yr. CAGR %	-7.37	9.85	3.49	-1.62	-3.91
Diluted EPS Before Extra, 5 Yr. CAGR %	31.54	17.63	-3.85	-36.08	2.72
Accounts Receivable, 5 Yr. CAGR %	-13.13	-10.67	-3.74	-6.04	-5.82
Inventory, 5 Yr. CAGR %	-7.28	-4.08	-3.8	-3.69	-2.94
Net Property, Plant and Equip., 5 Yr. CAGR %	2.97	3.84	5.2	2.78	-4.7
Total Assets, 5 Yr. CAGR %	-2.96	-2.39	-2.94	-3.28	-4.98
Tangible Book Value, 5 Yr. CAGR %	37.7	91.35	26.75	8.99	12.46
Common Equity, 5 Yr. CAGR %	-9.69	-3.48	-6.61	-8.46	-6.52
Cash From Operations, 5 Yr. CAGR %	-20.03	8.53	-3.95	-5.54	-4.49
Capital Expenditures, 5 Yr. CAGR %	-15.34	-9.89	12.77	-0.8	-10.5
Levered Free Cash Flow, 5 Yr. CAGR %	5.05	0.88	-42.23	-24.55	6.6
Unlevered Free Cash Flow, 5 Yr. CAGR %	3.2	-0.88	-33.35	-22.72	2.34
Dividend Per Share, 5 Yr. CAGR %	-22.98	-27.45	-16.04	-15.21	-14.38