2022 Q1 Form 10-K Financial Statement

#000101884022000011 Filed on March 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2022 2021 Q1
Revenue $1.161B $3.713B $1.122B
YoY Change 3.51% 18.79% -5.28%
Cost Of Revenue $484.2M $1.401B $443.0M
YoY Change 9.3% 13.5% -10.56%
Gross Profit $677.1M $2.312B $679.0M
YoY Change -0.28% 22.25% -1.49%
Gross Profit Margin 58.31% 62.27% 60.52%
Selling, General & Admin $580.8M $1.966B $550.2M
YoY Change 5.56% 5.98% -2.36%
% of Gross Profit 85.78% 85.05% 81.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.25M $141.4M $39.10M
YoY Change -7.29% -15.43% -19.71%
% of Gross Profit 5.35% 6.12% 5.76%
Operating Expenses $577.1M $1.958B $546.6M
YoY Change 5.58% 5.81% -2.81%
Operating Profit $100.1M $343.1M $132.4M
YoY Change -24.43% -1776.12% 4.36%
Interest Expense -$6.959M $37.96M -$9.000M
YoY Change -22.68% 19.64% 210.34%
% of Operating Profit -6.95% 11.06% -6.8%
Other Income/Expense, Net
YoY Change
Pretax Income $91.17M $5.600M $106.9M
YoY Change -14.71% 0.0% -10.54%
Income Tax $23.35M $38.91M $21.60M
% Of Pretax Income 25.61% 694.79% 20.21%
Net Earnings $65.51M $270.1M $82.40M
YoY Change -20.5% -336.86% -0.88%
Net Earnings / Revenue 5.64% 7.27% 7.34%
Basic Earnings Per Share $4.41
Diluted Earnings Per Share $1.106M $4.20 $1.316M
COMMON SHARES
Basic Shares Outstanding 50.63M shares 59.60M shares 62.11M shares
Diluted Shares Outstanding 62.64M shares

Balance Sheet

Concept 2022 Q1 2022 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $823.1M $823.1M $1.105B
YoY Change -25.5% -25.5% 64.59%
Cash & Equivalents $823.1M $823.1M $1.105B
Short-Term Investments
Other Short-Term Assets $89.65M $89.65M $68.86M
YoY Change 30.2% 30.12% -12.73%
Inventory $525.9M $525.9M $404.1M
Prepaid Expenses
Receivables $69.10M $69.10M $83.90M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.508B $1.508B $1.662B
YoY Change -9.26% -9.26% 31.38%
LONG-TERM ASSETS
Property, Plant & Equipment $508.3M $1.207B $550.6M
YoY Change -7.67% -16.48% -17.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $225.2M $225.2M $208.7M
YoY Change 7.89% 7.89% -46.31%
Total Long-Term Assets $1.432B $1.432B $1.653B
YoY Change -13.4% -13.4% -27.64%
TOTAL ASSETS
Total Short-Term Assets $1.508B $1.508B $1.662B
Total Long-Term Assets $1.432B $1.432B $1.653B
Total Assets $2.939B $2.939B $3.315B
YoY Change -11.32% -11.32% -6.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $374.8M $374.8M $289.4M
YoY Change 29.52% 29.52% 31.59%
Accrued Expenses $395.8M $618.6M $396.4M
YoY Change -0.14% -4.12% 31.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.015B $1.015B $959.4M
YoY Change 5.82% 5.82% 17.67%
LONG-TERM LIABILITIES
Long-Term Debt $303.6M $303.6M $343.9M
YoY Change -11.73% -11.73% 48.26%
Other Long-Term Liabilities $86.09M $783.4M $104.7M
YoY Change -17.77% -26.26% -41.36%
Total Long-Term Liabilities $1.087B $1.087B $1.406B
YoY Change -22.7% -22.7% -15.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.015B $1.015B $959.4M
Total Long-Term Liabilities $1.087B $1.087B $1.406B
Total Liabilities $2.102B $2.113B $2.366B
YoY Change -11.14% -11.14% -4.56%
SHAREHOLDERS EQUITY
Retained Earnings $2.386B $2.149B
YoY Change 11.01% -7.1%
Common Stock $414.2M $402.3M
YoY Change 2.96% -0.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.860B $1.513B
YoY Change 22.92% -2.53%
Treasury Stock Shares 50.32M shares 40.90M shares
Shareholders Equity $826.1M $826.1M $936.6M
YoY Change
Total Liabilities & Shareholders Equity $2.939B $2.939B $3.315B
YoY Change -11.32% -11.32% -6.61%

Cashflow Statement

Concept 2022 Q1 2022 2021 Q1
OPERATING ACTIVITIES
Net Income $65.51M $270.1M $82.40M
YoY Change -20.5% -336.86% -0.88%
Depreciation, Depletion And Amortization $36.25M $141.4M $39.10M
YoY Change -7.29% -15.43% -19.71%
Cash From Operating Activities $146.5M $277.8M $246.0M
YoY Change -40.45% -31.4% -26.46%
INVESTING ACTIVITIES
Capital Expenditures -$34.76M $96.98M -$10.20M
YoY Change 240.75% -4.84% -78.93%
Acquisitions
YoY Change
Other Investing Activities $50.00M
YoY Change
Cash From Investing Activities -$34.76M -$96.98M $39.80M
YoY Change -187.33% 86.82% -182.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $377.3M
YoY Change 2386.75%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -142.5M -$446.9M -400.0K
YoY Change 35535.0% -741.02% -98.4%
NET CHANGE
Cash From Operating Activities 146.5M $277.8M 246.0M
Cash From Investing Activities -34.76M -$96.98M 39.80M
Cash From Financing Activities -142.5M -$446.9M -400.0K
Net Change In Cash -30.80M -$289.8M 285.4M
YoY Change -110.79% -167.1% 9.31%
FREE CASH FLOW
Cash From Operating Activities $146.5M $277.8M $246.0M
Capital Expenditures -$34.76M $96.98M -$10.20M
Free Cash Flow $181.3M $180.8M $256.2M
YoY Change -29.25% -40.33% -33.09%

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CY2022 anf Change In Outstanding Checks And Other
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CY2021 anf Change In Outstanding Checks And Other
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CY2020 anf Change In Outstanding Checks And Other
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
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CY2021 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
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CY2022 anf Rent Abatements Received
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CY2022 us-gaap Nature Of Operations
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NATURE OF BUSINESSAbercrombie & Fitch Co. (“A&F”), a company incorporated in Delaware in 1996, through its subsidiaries (collectively, A&F and its subsidiaries are referred to as “Abercrombie & Fitch” or the “Company”), is a global, digitally led omnichannel retailer. The Company offers a broad assortment of apparel, personal care products and accessories for men, women and kids, which are sold primarily through its digital channels and Company-owned stores, as well as through various third-party arrangements. The Company’s two brand-based operating segments are Hollister, which includes the Company’s Hollister, Gilly Hicks and Social Tourist brands, and Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands. These five brands share a commitment to offering unique products of enduring quality and exceptional comfort that allow customers around the world to express their own individuality and style. The Company operates primarily in North America, Europe and Asia.
CY2022 us-gaap Fiscal Period
FiscalPeriod
<div style="text-align:justify"><span style="color:#00497f;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Fiscal year</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company’s fiscal year ends on the Saturday closest to January 31. This typically results in a 52 week year, but occasionally gives rise to an additional week, resulting in a 53 week year. Fiscal years are designated in the Consolidated Financial Statements and notes by the calendar year in which the fiscal year commences. All references herein to the Company’s fiscal years are as follows:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.561%"><tr><td style="width:1.0%"/><td style="width:66.594%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.534%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.318%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.534%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.320%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#00497f;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Fiscal year</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#00497f;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Year ended/ ending</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#00497f;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Number of weeks</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#dee1ea;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Fiscal 2019</span></td><td colspan="3" style="background-color:#dee1ea;padding:0 1pt"/><td colspan="3" style="background-color:#dee1ea;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">February 1, 2020</span></td><td colspan="3" style="background-color:#dee1ea;padding:0 1pt"/><td colspan="3" style="background-color:#dee1ea;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">52</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Fiscal 2020</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">January 30, 2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">52</span></td></tr><tr><td colspan="3" style="background-color:#dee1ea;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Fiscal 2021</span></td><td colspan="3" style="background-color:#dee1ea;padding:0 1pt"/><td colspan="3" style="background-color:#dee1ea;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">January 29, 2022</span></td><td colspan="3" style="background-color:#dee1ea;padding:0 1pt"/><td colspan="3" style="background-color:#dee1ea;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">52</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Fiscal 2022</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">January 28, 2023</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">52</span></td></tr></table></div>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#00497f;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Use of estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:112%">The preparation of financial statements, in conformity with U.S. generally accepted accounting principles (“GAAP”), requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of net sales and expenses during the reporting period. Due to the inherent uncertainty involved with estimates, actual results may differ. The extent to which the current outbreak of coronavirus disease (“COVID-19”) continues to impact the Company’s business and financial results will depend on numerous evolving factors including, but not limited to: the duration and spread of COVID-19 and the emergence of new variants of coronavirus, the availability and acceptance of effective vaccines, boosters or medical treatments, the impact of COVID-19 on the length or frequency of store closures, and the extent to which COVID-19 impacts worldwide macroeconomic conditions including interest rates, the speed of the economic recovery, and governmental, business and consumer reactions to the pandemic. The Company’s assessment of these, as well as other factors, could impact management's estimates and result in material impacts to the Company’s consolidated financial statements in future reporting periods.</span></div>
CY2022Q1 us-gaap Cash
Cash
762187000 USD
CY2021Q1 us-gaap Cash
Cash
796994000 USD
CY2022Q1 us-gaap Time Deposits
TimeDeposits
11643000 USD
CY2021Q1 us-gaap Time Deposits
TimeDeposits
11589000 USD
CY2022Q1 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
49309000 USD
CY2021Q1 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
296279000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
823139000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1104862000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
823139000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1104862000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
671267000 USD
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
11229000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
14814000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
18696000 USD
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
4481000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2301000 USD
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
11229000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19295000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
20997000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
834368000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
834368000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1124157000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
692264000 USD
CY2021Q1 anf Liquidity
Liquidity
1300000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
5300000 USD
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
4232000 USD
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
103300000 shares
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
103300000 shares
CY2022 anf Shipping And Handling Costs
ShippingAndHandlingCosts
306222000 USD
CY2021 anf Shipping And Handling Costs
ShippingAndHandlingCosts
291534000 USD
CY2020 anf Shipping And Handling Costs
ShippingAndHandlingCosts
224604000 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3933000 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
348000 USD
CY2022 us-gaap Interest Expense
InterestExpense
37958000 USD
CY2021 us-gaap Interest Expense
InterestExpense
31726000 USD
CY2020 us-gaap Interest Expense
InterestExpense
19908000 USD
CY2022 us-gaap Interest Income Other
InterestIncomeOther
3848000 USD
CY2021 us-gaap Interest Income Other
InterestIncomeOther
3452000 USD
CY2020 us-gaap Interest Income Other
InterestIncomeOther
12171000 USD
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-34110000 USD
CY2021 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-28274000 USD
CY2020 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-7737000 USD
CY2022 us-gaap Advertising Expense
AdvertisingExpense
204575000 USD
CY2021 us-gaap Advertising Expense
AdvertisingExpense
118537000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
134058000 USD
CY2022 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
103300000 shares
CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
103300000 shares
CY2020 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
103300000 shares
CY2022 us-gaap Weighted Average Number Of Shares Treasury Stock
WeightedAverageNumberOfSharesTreasuryStock
43703000 shares
CY2021 us-gaap Weighted Average Number Of Shares Treasury Stock
WeightedAverageNumberOfSharesTreasuryStock
40749000 shares
CY2020 us-gaap Weighted Average Number Of Shares Treasury Stock
WeightedAverageNumberOfSharesTreasuryStock
38872000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59597000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62551000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64428000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3039000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1350000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62636000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62551000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65778000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1002000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3270000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1462000 shares
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
14800000 USD
CY2022Q1 us-gaap Accrued Rent Current
AccruedRentCurrent
13500000 USD
CY2021Q1 us-gaap Accrued Rent Current
AccruedRentCurrent
24200000 USD
CY2022 anf Rent Abatements Received
RentAbatementsReceived
17900000 USD
CY2021 anf Rent Abatements Received
RentAbatementsReceived
30700000 USD
CY2022 anf Government Payroll Subsidies In Response To Covid19
GovernmentPayrollSubsidiesInResponseToCOVID19
5600000 USD
CY2021 anf Government Payroll Subsidies In Response To Covid19
GovernmentPayrollSubsidiesInResponseToCOVID19
18100000 USD
CY2021 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
210000000 USD
CY2021 anf Withdrawalfrom Rabbi Trust Assets
WithdrawalfromRabbiTrustAssets
50000000 USD
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
350000000 USD
CY2022Q1 anf Liquidity
Liquidity
1100000000 USD
CY2022Q1 us-gaap Accrued Liabilities For Unredeeemed Gift Cards
AccruedLiabilitiesForUnredeeemedGiftCards
36984000 USD
CY2021Q1 us-gaap Accrued Liabilities For Unredeeemed Gift Cards
AccruedLiabilitiesForUnredeeemedGiftCards
28561000 USD
CY2022Q1 us-gaap Customer Loyalty Program Liability Current
CustomerLoyaltyProgramLiabilityCurrent
22757000 USD
CY2021Q1 us-gaap Customer Loyalty Program Liability Current
CustomerLoyaltyProgramLiabilityCurrent
20426000 USD
CY2022 us-gaap Increase Decrease In Gift Card Liability
IncreaseDecreaseInGiftCardLiability
80088000 USD
CY2021 us-gaap Increase Decrease In Gift Card Liability
IncreaseDecreaseInGiftCardLiability
58400000 USD
CY2022 us-gaap Increase Decrease In Customer Loyalty Program Liability
IncreaseDecreaseInCustomerLoyaltyProgramLiability
45417000 USD
CY2021 us-gaap Increase Decrease In Customer Loyalty Program Liability
IncreaseDecreaseInCustomerLoyaltyProgramLiability
37042000 USD
CY2022Q1 us-gaap Other Inventory In Transit
OtherInventoryInTransit
142700000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
525864000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
307730000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
350000000 USD
CY2022Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
327732000 USD
CY2021Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
389813000 USD
CY2022Q1 us-gaap Inventory Gross
InventoryGross
549030000 USD
CY2021Q1 us-gaap Inventory Gross
InventoryGross
429993000 USD
CY2022Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
17196000 USD
CY2021Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
21076000 USD
CY2022Q1 anf Inventory Shrink Reserve
InventoryShrinkReserve
5970000 USD
CY2021Q1 anf Inventory Shrink Reserve
InventoryShrinkReserve
4864000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
404053000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
404053000 USD
CY2021Q1 us-gaap Other Inventory In Transit
OtherInventoryInTransit
106000000 USD
CY2022 anf Percentageof Inventory Importedto U.S.From China
PercentageofInventoryImportedtoU.S.fromChina
0.09
CY2021 anf Percentageof Inventory Importedto U.S.From China
PercentageofInventoryImportedtoU.S.fromChina
0.07
CY2020 anf Percentageof Inventory Importedto U.S.From China
PercentageofInventoryImportedtoU.S.fromChina
0.15
CY2022Q1 us-gaap Land
Land
28599000 USD
CY2021Q1 us-gaap Land
Land
28599000 USD
CY2022Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
233523000 USD
CY2021Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
230104000 USD
CY2022Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
622912000 USD
CY2021Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
608210000 USD
CY2022Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
643244000 USD
CY2021Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
607062000 USD
CY2022Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
913729000 USD
CY2021Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
990238000 USD
CY2022Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
9483000 USD
CY2021Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
22744000 USD
CY2022Q1 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
2003000 USD
CY2021Q1 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
2000000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2453493000 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2488957000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1945157000 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1938370000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
508336000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
550587000 USD
CY2022 us-gaap Depreciation
Depreciation
141400000 USD
CY2021 us-gaap Depreciation
Depreciation
167200000 USD
CY2020 us-gaap Depreciation
Depreciation
172600000 USD
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
272246000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
346178000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
427982000 USD
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
110889000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
65310000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
143472000 USD
CY2022 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
9509000 USD
CY2021 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
57026000 USD
CY2019 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
15812000 USD
CY2022 us-gaap Sublease Income
SubleaseIncome
4292000 USD
CY2021 us-gaap Sublease Income
SubleaseIncome
0 USD
CY2019 us-gaap Sublease Income
SubleaseIncome
0 USD
CY2022 us-gaap Lease Cost
LeaseCost
388352000 USD
CY2021 us-gaap Lease Cost
LeaseCost
468514000 USD
CY2019 us-gaap Lease Cost
LeaseCost
587266000 USD
CY2022 anf Rent Abatement Benefit To Variable Lease Cost
RentAbatementBenefitToVariableLeaseCost
14100000 USD
CY2021 anf Rent Abatement Benefit To Variable Lease Cost
RentAbatementBenefitToVariableLeaseCost
30100000 USD
CY2022 anf Rent Abatements Received
RentAbatementsReceived
17900000 USD
CY2021 anf Rent Abatements Received
RentAbatementsReceived
30700000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M12D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.056
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.056
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
266893000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
215464000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
152282000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
131972000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
106873000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
190984000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1064468000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
144381000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
920087000 USD
CY2022Q1 anf Operating Lease Sublease Weighted Average Remaining Lease Term
OperatingLeaseSubleaseWeightedAverageRemainingLeaseTerm
P5Y9M18D
CY2022Q1 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
24000000 USD
CY2021Q4 anf Lessee Operating Lease Leases Not Yet Commenced Liability
LesseeOperatingLeaseLeasesNotYetCommencedLiability
17400000 USD
CY2022 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
9509000 USD
CY2021 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
57026000 USD
CY2020 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
15812000 USD
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2591000 USD
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
15911000 USD
CY2020 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
6552000 USD
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
12100000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
72937000 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
22364000 USD
CY2022Q1 anf Distribution Center And Digital Operation Liabilities Current
DistributionCenterAndDigitalOperationLiabilitiesCurrent
48395000 USD
CY2021Q1 anf Distribution Center And Digital Operation Liabilities Current
DistributionCenterAndDigitalOperationLiabilitiesCurrent
56135000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
256514000 USD
CY2022 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1483000 USD
CY2021 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1740000 USD
CY2020 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
3172000 USD
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
90906000 USD
CY2021Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
119978000 USD
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-42500000 USD
CY2022 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
3900000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
220252000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
395815000 USD
CY2021Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
396365000 USD
CY2022 anf Pre Tax Losses Without Tax Benefits Recognized
PreTaxLossesWithoutTaxBenefitsRecognized
25300000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4600000 USD
CY2022 anf Income Tax Expense Benefit Continuing Operations Discrete Items
IncomeTaxExpenseBenefitContinuingOperationsDiscreteItems
101400000 USD
CY2021 anf Pre Tax Losses Without Tax Benefits Recognized
PreTaxLossesWithoutTaxBenefitsRecognized
203400000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
39500000 USD
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
61900000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
283793000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-33417000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
17590000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
25181000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-15326000 USD
CY2022Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
400000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
44741000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
308974000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
308974000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-48743000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
62331000 USD
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
51321000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9434000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-2193000 USD
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
14061000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3751000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1893000 USD
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
5448000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
23041000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8521000 USD
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
70830000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
36226000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8221000 USD
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-15401000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-73104000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
29012000 USD
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-8995000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
8828000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-107000 USD
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-7526000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
88261000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-19755000 USD
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-31922000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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PricewaterhouseCoopers LLP
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238

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