# Macy's, Inc. (M) FY2026 Q2 Statement of Cash Flows

- Company: Macy's, Inc. (M)
- Period: 2026-05-03 to 2026-08-01
- Filing: Q2 FY2026 10-Q, filed 2026-09-10, accession number 0001628280-26-061320
- Page: https://plicit.ai/financials/m/fy2026-q2-cash-flow
- Chart image: https://plicit.ai/charts/m-fy2026-q2-cash-flow-sankey.png

## Chart details

Cash flows for May 3, 2026 through Aug 1, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: May 2, 2026. Ending cash: Aug 1, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on May 2, 2026**: 1,297,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 294,000,000 US dollars. Net cash provided.
- **Net income**: 169,000,000 US dollars
- **Stock-based compensation expense**: 18,000,000 US dollars
- **Amortization of financing costs and premium on acquired debt**: 2,000,000 US dollars
- **Impairment, restructuring and other (benefits) costs**: 16,000,000 US dollars
- **(Decrease) increase in current income taxes**: negative 20,000,000 US dollars
- **Benefit plans**: 1,000,000 US dollars
- **Depreciation and amortization**: 206,000,000 US dollars
- **Change in other assets and liabilities**: negative 17,000,000 US dollars
- **Deferred income taxes**: 0 US dollars
- **(Increase) decrease in merchandise inventories**: 384,000,000 US dollars
- **Decrease in receivables**: 66,000,000 US dollars
- **Increase in prepaid expenses and other current assets**: 56,000,000 US dollars
- **Gains on sale of real estate**: negative 8,000,000 US dollars
- **Increase (decrease) in merchandise accounts payable**: negative 487,000,000 US dollars
- **Decrease in accounts payable and accrued liabilities**: negative 92,000,000 US dollars
- **Investing activities**: negative 137,000,000 US dollars. Net cash used.
- **Proceeds from disposition of assets, net**: 10,000,000 US dollars
- **Capitalized software**: negative 82,000,000 US dollars
- **Purchase of property and equipment**: negative 65,000,000 US dollars
- **Other, net**: 0 US dollars
- **Financing activities**: negative 156,000,000 US dollars. Net cash used.
- **Debt issued**: 0 US dollars
- **Debt issuance costs**: 0 US dollars
- **Debt repaid**: negative 1,000,000 US dollars
- **Dividends paid**: negative 51,000,000 US dollars
- **Acquisition of treasury stock**: negative 53,000,000 US dollars
- **Decrease in outstanding checks**: negative 54,000,000 US dollars
- **Proceeds from Issuance or Sale of Equity**: 3,000,000 US dollars
- **Debt repurchase premium and expenses**: 0 US dollars
- **Operating adjustment reconciliation**: 749,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 159,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 147,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: 0 US dollars
- **Ending cash on Aug 1, 2026**: 1,298,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 1,591,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 1,000,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 1.74×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- **Operating cash flow**: 294,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 65,000,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 229,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $125.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 294,000,000 US dollars minus 65,000,000 US dollars equals 229,000,000 US dollars.