VICTORIA'S SECRET & CO. (VSXY) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-05-03 to 2026-08-01

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VICTORIA'S SECRET & CO. cash flow reconciliation, May 3, 2026 through Aug 1, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net Income → Net cash from operating activities: $188,000,000.00Accounts Payable, Accrued Expenses and Other → Operating adjustments reconciliation: $118,000,000.00Depreciation and Amortization → Operating adjustments reconciliation: $51,000,000.00Other Assets and Liabilities → Operating adjustments reconciliation: $45,000,000.00Income Taxes → Operating adjustments reconciliation: $19,000,000.00Share-based Compensation Expense → Operating adjustments reconciliation: $16,000,000.00Accounts Receivable → Operating adjustments reconciliation: $13,000,000.00Deferred Income Taxes → Operating adjustments reconciliation: $2,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $214,000,000.00Operating adjustments reconciliation → Inventories: $50,000,000.00Net cash used in investing activities → investing reconciliation: $74,000,000.00investing reconciliation → Capital Expenditures: $74,000,000.00Net cash used in financing activities → financing reconciliation: $15,000,000.00Proceeds from Stock Option Exercises → financing reconciliation: $3,000,000.00financing reconciliation → Repayments of Borrowings from Asset-based Revolving Credit Facility: $15,000,000.00financing reconciliation → Tax Payments related to Share-based Awards: $2,000,000.00financing reconciliation → Payments of Long-term Debt: $1,000,000.00Exchange-rate effect → Cash sources and uses: $2,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $207,000,000.00Net cash from operating activities → Cash sources and uses: $402,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $522,000,000.00Cash sources and uses → Net cash used in investing activities: $74,000,000.00Cash sources and uses → Net cash used in financing activities: $15,000,000.00Net Income: $188,000,000.00Net Income+$188.00 MDepreciation and Amortization: $51,000,000.00Depreciation & amortization+$51.00 MShare-based Compensation Expense: $16,000,000.00Stock-based compensation+$16.00 MDeferred Income Taxes: $2,000,000.00Deferred income taxes+$2.00 MAccounts Receivable: $13,000,000.00Accounts receivable+$13.00 MInventories: -$50,000,000.00Inventories−$50.00 MAccounts Payable, Accrued Expenses and Other: $118,000,000.00Payables & accrued liabilities+$118.00 MIncome Taxes: $19,000,000.00Income taxes payable+$19.00 MOther Assets and Liabilities: $45,000,000.00Other working capital, net+$45.00 MNet cash from operating activities: $402,000,000.00Operating cash+$402.00 MOperating adjustments reconciliation: $264,000,000.00Repurchases of Common Stock: $0.00Borrowings from Asset-based Revolving Credit Facility: $0.00Repayments of Borrowings from Asset-based Revolving Credit Facility: -$15,000,000.00Credit line repayments−$15.00 MTax Payments related to Share-based Awards: -$2,000,000.00Stock-award tax withholding−$2.00 MDividends Paid: $0.00Payments of Long-term Debt: -$1,000,000.00Long-term debt repaid−$1.00 MOther Financing Activities: $0.00Proceeds from Stock Option Exercises: $3,000,000.00Stock option exercises+$3.00 MNet cash used in financing activities: -$15,000,000.00. Cash required to fund net payments.Financing cash−$15.00 Mfinancing reconciliation: $18,000,000.00Capital Expenditures: -$74,000,000.00PP&E purchases−$74.00 MNet cash used in investing activities: -$74,000,000.00. Cash required to fund net payments.Investing cash−$74.00 Minvesting reconciliation: $74,000,000.00Cash sources and uses: $611,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $207,000,000.00Beginning cash$207.00 MEnding cash: Cash, cash equivalents, and restricted cash: $522,000,000.00Ending cash$522.00 MExchange-rate effect: $2,000,000.00FX effect+$2.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$328.00 MOperating cash − cash spent on PP&ECash flow / Net income2.14×Operating cash flow ÷ net incomeNet cash change+$315.00 MEnding cash − beginning cash
Chart details

VICTORIA'S SECRET & CO. cash flow reconciliation, May 3, 2026 through Aug 1, 2026

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
207,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
402,000,000 US dollars. Net cash provided.
Net Income
188,000,000 US dollars
Depreciation and Amortization
51,000,000 US dollars
Share-based Compensation Expense
16,000,000 US dollars
Deferred Income Taxes
2,000,000 US dollars
Accounts Receivable
13,000,000 US dollars
Inventories
negative 50,000,000 US dollars
Accounts Payable, Accrued Expenses and Other
118,000,000 US dollars
Income Taxes
19,000,000 US dollars
Other Assets and Liabilities
45,000,000 US dollars
Investing activities
negative 74,000,000 US dollars. Net cash used.
Capital Expenditures
negative 74,000,000 US dollars
Financing activities
negative 15,000,000 US dollars. Net cash used.
Repurchases of Common Stock
0 US dollars
Borrowings from Asset-based Revolving Credit Facility
0 US dollars
Repayments of Borrowings from Asset-based Revolving Credit Facility
negative 15,000,000 US dollars
Tax Payments related to Share-based Awards
negative 2,000,000 US dollars
Dividends Paid
0 US dollars
Payments of Long-term Debt
negative 1,000,000 US dollars
Other Financing Activities
0 US dollars
Proceeds from Stock Option Exercises
3,000,000 US dollars
Operating adjustment reconciliation
264,000,000 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
18,000,000 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
74,000,000 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
2,000,000 US dollars
Ending cash on Aug 1, 2026
522,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
611,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
315,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.14×. 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
402,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
74,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
328,000,000 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 $214.00M 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: 402,000,000 US dollars minus 74,000,000 US dollars equals 328,000,000 US dollars.
VICTORIA'S SECRET & CO. (VSXY) FY2026 Q2 Statement of Cash Flows Sankey chart
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