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GPS » Topics » FINANCIAL CONDITION

This excerpt taken from the GPS 10-K filed Mar 28, 2008.

FINANCIAL CONDITION

STYLE="margin-top:6px;margin-bottom:0px">Liquidity

We consider the following to be measures of our liquidity and capital resources
for the last three fiscal years:

 
























































($ in millions)  52 Weeks
Ended/As of
February 2, 2008		  53 Weeks
Ended/As of
February 3, 2007		  52 Weeks
Ended/As of
January 28, 2006

Working capital (a)

  $1,653  $2,757  $3,297

Current ratio (a)

   1.68:1   2.21:1   2.70:1

Net cash provided by operating activities

  $2,081  $1,250  $1,551

 





(a)Our working capital and current ratio calculations include restricted cash.

Our working
capital and current ratio as of February 2, 2008 decreased compared with February 3, 2007 due primarily to decreases in cash, cash equivalents, short-term investments and merchandise inventory, and an increase in accounts payable.

We believe that cash flows from our operations and our existing capital resources will be adequate to satisfy our capital needs for the foreseeable future.

This excerpt taken from the GPS 10-Q filed Sep 7, 2006.

FINANCIAL CONDITION

The following sets forth certain measures of our liquidity:

 

     July 29, 2006    Jan. 28, 2006    July 30, 2005

Working capital ($ in millions) (a)

    $ 3,192    $ 3,297    $ 3,117

Current ratio (a)

      2.43:1      2.70:1      2.53:1

 

(a) Our working capital and current ratio calculations include restricted cash.

Working capital as of July 29, 2006 decreased compared to January 28, 2006 due primarily to lower cash balances, and higher inventory and accounts payable balances. Working capital as of July 29, 2006 increased compared to July 30, 2005 due primarily to higher cash and accounts payable balances.

This excerpt taken from the GPS 10-Q filed Jun 2, 2006.

FINANCIAL CONDITION

The following sets forth certain measures of our liquidity:

 

     April 29, 2006    Jan. 28, 2006    April 30, 2005

Working capital ($ in millions) (a)

    $ 3,168    $ 3,297    $ 3,779

Current ratio (a)

      2.45:1      2.70:1      2.68:1

 

(a) Our working capital and current ratio calculations include restricted cash.

Working capital and current ratio as of April 29, 2006 decreased as compared to April 30, 2005 due primarily to cash used for share repurchases compared to last year.

This excerpt taken from the GPS 10-Q filed Dec 2, 2005.

FINANCIAL CONDITION

 

The following sets forth certain measures of our liquidity:

 

     Oct. 29,
2005
    Jan. 29,
2005
    Oct. 30,
2004

Working capital ($ in millions) (a)

    $ 3,191    $ 4,062    $ 4,307

Current ratio (a)

      2.43:1      2.81:1      2.76:1

 

(a) Our working capital and current ratio calculations include restricted cash of $75 million, $1.0 billion and $1.0 billion at October 29, 2005, January 29, 2005, and October 30, 2004, respectively.

 

Working capital and current ratio decreased as of October 29, 2005 due primarily to cash paid for share repurchases compared to last year.

 

This excerpt taken from the GPS 10-Q filed Sep 1, 2005.

FINANCIAL CONDITION

 

The following sets forth certain measures of our liquidity:

 

     July 30,
2005
    Jan. 29,
2005
    July 31,
2004

Working capital ($ in millions) (a)

    $ 3,117    $ 4,062    $ 4,491

Current ratio (a)

      2.53:1      2.81:1      2.87:1

 

(a) Our working capital and current ratio calculations include restricted cash of $97 million, $1.0 billion and $1.4 billion at July 30, 2005, January 29, 2005, and July 31, 2004, respectively.

 

Working capital and current ratio decreased as of July 30, 2005 due primarily to cash spend on share repurchases compared to last year.

 

20

Table of Contents
This excerpt taken from the GPS 10-Q filed Jun 2, 2005.

FINANCIAL CONDITION

 

The following sets forth certain measures of our liquidity:

 

     April 30, 2005
    May 1, 2004
    Jan. 29, 2005

Working capital ($ in millions) (a)

    $ 3,778    $ 4,486    $ 4,062

Current ratio (a)

      2.68:1      2.90:1      2.81:1

 

(a) Our working capital and current ratio calculations include restricted cash of $1.0 billion and $1.4 billion at April 30, 2005 and May 1, 2004, respectively.

 

Working capital and current ratio decreased as of April 30, 2005 due primarily to cash spend on share repurchases compared to last year.

 

EXCERPTS ON THIS PAGE:

10-K
Mar 28, 2008
10-Q
Sep 7, 2006
10-Q
Jun 2, 2006
10-Q
Dec 2, 2005
10-Q
Sep 1, 2005
10-Q
Jun 2, 2005

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