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GPS - The Gap, Inc.

NYSE -> Consumer Cyclical -> Apparel Retail
San Francisco, United States

GPS price evolution
GPS
(in millions $) 31 Aug 2021 30 May 2021 2 Mar 2021 31 Dec 2020
Current assets
Cash $2375 $2066 $1988 $1988
Short term investments $275 $337 $475 $410
Net receivables
Inventory $2281 $2370 $2451 $2451
Total current assets $6194 $6002 $6008 $6008
Long term investments
Property, plant & equipment $2897 $2839 $2841 $7058
Goodwill & intangible assets
Total noncurrent assets $7565 $7602 $7761 $7761
Total investments $275 $337 $475 $410
Total assets $13759 $13604 $13769 $13769
Current liabilities
Accounts payable $1583 $1530 $1743 $1743
Deferred revenue
Short long term debt $746 $789 $798 $831
Total current liabilities $3651 $3638 $3884 $3884
Long term debt $2220 $2218 $2216 $6833
Total noncurrent liabilities $7088 $7160 $7271 $7271
Total debt $6393 $7357 $7465 $7664
Total liabilities $10739 $10798 $11155 $11155
Shareholders' equity
Retained earnings $2879 $2667 $2501 $2501
Other shareholder equity $8 $2 $9 $9
Total shareholder equity $2787 $3020 $2806 $2614
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Current assets
Cash $1988 $1988 $1364 $1081
Short term investments $410 $290 $288
Net receivables
Inventory $2451 $2451 $2156 $2131
Total current assets $6008 $6008 $4516 $4251
Long term investments
Property, plant & equipment $2841 $7058 $8524 $2912
Goodwill & intangible assets
Total noncurrent assets $7761 $7761 $9163 $3798
Total investments $410 $290 $288
Total assets $13769 $13769 $13679 $8049
Current liabilities
Accounts payable $1743 $1743 $1174 $1126
Deferred revenue
Short long term debt $831 $920
Total current liabilities $3884 $3884 $3209 $2174
Long term debt $2216 $6833 $6757 $1249
Total noncurrent liabilities $7271 $7271 $7154 $2322
Total debt $7664 $7677 $1249
Total liabilities $11155 $11155 $10363 $4496
Shareholders' equity
Retained earnings $2501 $2501 $3257 $3481
Other shareholder equity $9 $9 $40 $53
Total shareholder equity $2614 $3316 $3553
(in millions $) 31 Aug 2021 30 May 2021 2 Mar 2021 31 Dec 2020
Revenue
Total revenue $4211 $3991 $4424 $4424
Cost of revenue $2388 $2361 $2756
Gross Profit $1823 $1630 $1668 $1668
Operating activities
Research & development
Selling, general & administrative $1414 $1390 $1534
Total operating expenses $1414 $1390 $1534 $1534
Operating income $409 $240 $134 $134
Income from continuing operations
EBIT $410 $241 $137
Income tax expense $101 $21 -$157 -$157
Interest expense $51 $54 $60 $60
Net income
Net income $258 $166 $234 $234
Income (for common shares) $258 $166 $234
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Revenue
Total revenue $13800 $16383 $16580 $15855
Cost of revenue $9095 $10250 $10258 $9789
Gross Profit $4705 $6133 $6322 $6066
Operating activities
Research & development
Selling, general & administrative $5567 $5559 $4960 $4587
Total operating expenses $5567 $5559 $4960 $4587
Operating income -$862 $574 $1362 $1479
Income from continuing operations
EBIT -$910 $604 $1395 $1498
Income tax expense -$437 $177 $319 $576
Interest expense $192 $76 $73 $74
Net income
Net income -$665 $351 $1003 $848
Income (for common shares) -$665 $351 $1003 $848
(in millions $) 31 Aug 2021 30 May 2021 2 Mar 2021 31 Dec 2020
Net income $424 $166 -$665 $234
Operating activities
Depreciation $124 $120 $126
Business acquisitions & disposals -$49 $28
Stock-based compensation $36 $36 $22
Total cash flows from operations $792 $340 $237 -$162
Investing activities
Capital expenditures -$145 -$124 -$104
Investments $138 -$65 -$231
Total cash flows from investing -$217 -$161 -$510 -$335
Financing activities
Dividends paid -$137 -$91 -$91
Sale and purchase of stock -$39 $25 $6
Net borrowings
Total cash flows from financing -$183 -$98 $895 $5
Effect of exchange rate -$1 -$1 $13 $9
Change in cash and equivalents $391 $80 $635 -$483
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Net income -$665 $351 $1003 $848
Operating activities
Depreciation $507 $557 $578 $559
Business acquisitions & disposals -$69
Stock-based compensation $77 $68 $91 $87
Total cash flows from operations $237 $1411 $1381 $1380
Investing activities
Capital expenditures -$392 -$825 -$705 -$731
Investments -$120 -$287
Total cash flows from investing -$510 -$894 -$1001 -$668
Financing activities
Dividends paid -$364 -$373 -$361
Sale and purchase of stock $22 -$175 -$352 -$285
Net borrowings $882 -$67
Total cash flows from financing $895 -$560 -$749 -$731
Effect of exchange rate $13 $4 -$10 $19
Change in cash and equivalents $635 -$39 -$379 $2
Fundamentals
Market cap $6.29B
Enterprise value $10.31B
Shares outstanding 376.11M
Revenue $17.05B
EBITDA N/A
EBIT N/A
Net Income $892.00M
Revenue Q/Q 5.43%
Revenue Y/Y 21.35%
P/E ratio 7.05
EV/Sales 0.60
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 0.37
P/B ratio 2.26
Book/Share 7.39
Cash/Share 6.31
EPS $2.37
ROA 6.50%
ROE 31.78%
Debt/Equity N/A
Net debt/EBITDA N/A
Current ratio 1.70
Quick ratio 1.07