$M
Macy's, Inc.

2022 Q4 Form 10-Q Financial Statement

#000156459022038681 Filed on November 30, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2021 Q4
Revenue $5.436B $5.653B
YoY Change -3.84% 41.68%
Cost Of Revenue $3.204B $3.207B
YoY Change -0.09% 24.83%
Gross Profit $2.232B $2.446B
YoY Change -8.75% 72.13%
Gross Profit Margin 41.06% 43.27%
Selling, General & Admin $2.057B $1.973B
YoY Change 4.26% 14.31%
% of Gross Profit 92.16% 80.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $225.0M $224.0M
YoY Change 0.45% -10.4%
% of Gross Profit 10.08% 9.16%
Operating Expenses $2.057B $1.973B
YoY Change 4.26% 14.31%
Operating Profit $175.0M $473.0M
YoY Change -63.0% -472.44%
Interest Expense -$42.00M -$53.00M
YoY Change -20.75% -166.25%
% of Operating Profit -24.0% -11.21%
Other Income/Expense, Net $7.000M $17.00M
YoY Change -58.82% 6.25%
Pretax Income $125.0M $294.0M
YoY Change -57.48% -235.48%
Income Tax $17.00M $55.00M
% Of Pretax Income 13.6% 18.71%
Net Earnings $108.0M $239.0M
YoY Change -54.81% -362.64%
Net Earnings / Revenue 1.99% 4.23%
Basic Earnings Per Share $0.40 $0.78
Diluted Earnings Per Share $388.9K $0.76
COMMON SHARES
Basic Shares Outstanding 272.0M 306.9M
Diluted Shares Outstanding 277.7M 313.8M

Balance Sheet

Concept 2022 Q4 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $326.0M $316.0M
YoY Change 3.16% -79.63%
Cash & Equivalents $326.0M $321.0M
Short-Term Investments
Other Short-Term Assets $415.0M $922.0M
YoY Change -54.99% 93.29%
Inventory $6.403B $6.141B
Prepaid Expenses $415.0M $922.0M
Receivables $204.0M $212.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.348B $7.591B
YoY Change -3.2% 3.18%
LONG-TERM ASSETS
Property, Plant & Equipment $8.530B $8.408B
YoY Change 1.45% 37.34%
Goodwill $828.0M $828.0M
YoY Change 0.0% 0.0%
Intangibles $433.0M $435.0M
YoY Change -0.46% -48.21%
Long-Term Investments
YoY Change
Other Assets $1.091B $1.017B
YoY Change 7.28% -29.47%
Total Long-Term Assets $10.88B $10.69B
YoY Change 1.82% -9.86%
TOTAL ASSETS
Total Short-Term Assets $7.348B $7.591B
Total Long-Term Assets $10.88B $10.69B
Total Assets $18.23B $18.28B
YoY Change -0.27% -4.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.861B $3.796B
YoY Change 1.71% 16.19%
Accrued Expenses $2.678B $2.735B
YoY Change -2.08% -3.97%
Deferred Revenue $355.0M $500.0M
YoY Change -29.0% -21.75%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $183.0M $140.0M
YoY Change 30.71% -73.88%
Total Short-Term Liabilities $6.743B $6.671B
YoY Change 1.08% 0.3%
LONG-TERM LIABILITIES
Long-Term Debt $2.996B $3.295B
YoY Change -9.07% -32.09%
Other Long-Term Liabilities $4.132B $4.335B
YoY Change -4.68% 237.35%
Total Long-Term Liabilities $7.128B $7.630B
YoY Change -6.58% 493.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.743B $6.671B
Total Long-Term Liabilities $7.128B $7.630B
Total Liabilities $14.76B $15.27B
YoY Change -3.38% 92.43%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.475B $3.008B
YoY Change
Total Liabilities & Shareholders Equity $18.23B $18.28B
YoY Change -0.27% -4.87%

Cashflow Statement

Concept 2022 Q4 2021 Q4
OPERATING ACTIVITIES
Net Income $108.0M $239.0M
YoY Change -54.81% -362.64%
Depreciation, Depletion And Amortization $225.0M $224.0M
YoY Change 0.45% -10.4%
Cash From Operating Activities $185.0M -$124.0M
YoY Change -249.19% -149.4%
INVESTING ACTIVITIES
Capital Expenditures -$401.0M -$155.0M
YoY Change 158.71% 59.79%
Acquisitions
YoY Change
Other Investing Activities $47.00M $96.00M
YoY Change -51.04% 74.55%
Cash From Investing Activities -$354.0M -$59.00M
YoY Change 500.0% 40.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 195.0M -1.711B
YoY Change -111.4% -13261.54%
NET CHANGE
Cash From Operating Activities 185.0M -124.0M
Cash From Investing Activities -354.0M -59.00M
Cash From Financing Activities 195.0M -1.711B
Net Change In Cash 26.00M -1.894B
YoY Change -101.37% -953.15%
FREE CASH FLOW
Cash From Operating Activities $185.0M -$124.0M
Capital Expenditures -$401.0M -$155.0M
Free Cash Flow $586.0M $31.00M
YoY Change 1790.32% -91.09%

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<p style="margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("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 revenues and expenses during the reporting period. Such estimates and assumptions are subject to inherent uncertainties which may result in actual amounts differing from reported amounts.</p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Consolidated Financial Statements for the 13 and 39 weeks ended October 29, 2022 and October 30, 2021, in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) considered necessary to present fairly, in all material respects, the consolidated financial position and results of operations of the Company.</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Reclassifications </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain reclassifications were made to prior years' amounts to conform with the classifications of such amounts in the most recent years.</p>
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m Number Of Hours Required For Participation In Defined Benefit And Defined Contribution Plans
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CY2022Q4 m Total Retirement Expense
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CY2021Q4 us-gaap Long Term Debt
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Files In Submission

Name View Source Status
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m-20221029_cal.xml Edgar Link unprocessable
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Financial_Report.xlsx Edgar Link pending
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R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable