Bath & Body Works Cash Flow Statement
NYSE: BBWIConsumer DiscretionaryOther Specialty StoresUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Bath & Body Works free cash flow
In fiscal 2025, Bath & Body Works generated $1.10 billion of operating cash flow and spent $237.0 million on capital expenditures. That left free cash flow of $865.0 million, a free-cash-flow margin of 11.9% of revenue. Free cash flow was up 31.1% from the prior year's $660.0 million.
Bath & Body Works returned $568.0 million to shareholders: $167.0 million in dividends and $401.0 million in share repurchases, equal to 66% of free cash flow. Free cash flow covered dividend payments 5.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
Bath & Body Works cash flow statement (annual)
| Fiscal year (USD) | FY 20252026-01-31 | FY 20242025-02-01 | FY 20232024-02-03 | FY 20222023-01-28 | FY 20212022-01-29 | FY 20202021-01-30 | FY 20202020-02-01 | FY 20182019-02-02 | FY 20172018-02-03 | FY 20162017-01-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 649.00M | 798.00M | 878.00M | 800.00M | 1.33B | 844.00M | -366.00M | 644.00M | 983.00M | 1.16B |
| Net Income growth (YoY) | -18.67% | -9.11% | +9.75% | -39.98% | +57.94% | — | -156.83% | -34.49% | -15.11% | -7.58% |
| Depreciation & Amortization | 254.00M | 282.00M | 269.00M | 221.00M | 363.00M | 521.00M | 588.00M | 547.00M | 524.00M | 472.00M |
| Stock-Based Compensation | 31.00M | 40.00M | 43.00M | 38.00M | 46.00M | 50.00M | 87.00M | 97.00M | 102.00M | 96.00M |
| Change in Working Capital | 173.00M | -58.00M | -109.00M | 55.00M | -327.00M | 207.00M | -102.00M | -74.00M | -100.00M | 17.00M |
| Operating Cash Flow | 1.10B | 886.00M | 954.00M | 1.14B | 1.49B | 2.04B | 1.24B | 1.38B | 1.41B | 1.99B |
| Capital Expenditures | -237.00M | -226.00M | -298.00M | -328.00M | -270.00M | -228.00M | -458.00M | -629.00M | -707.00M | -990.00M |
| Investing Cash Flow | -227.00M | -162.00M | -286.00M | -328.00M | -259.00M | -219.00M | -480.00M | -609.00M | -698.00M | -833.00M |
| Dividends Paid | -167.00M | -177.00M | -182.00M | -186.00M | -120.00M | -83.00M | -332.00M | -666.00M | -686.00M | -1.27B |
| Share Repurchases | -401.00M | -401.00M | -148.00M | -1.31B | -1.96B | 0 | 0 | -198.00M | -446.00M | -435.00M |
| Debt Issued | — | — | — | — | — | — | 486.00M | 0 | 495.00M | 692.00M |
| Debt Repaid | 0 | -522.00M | -447.00M | 0 | -1.72B | -1.31B | -799.00M | -52.00M | -540.00M | -742.00M |
| Financing Cash Flow | -599.00M | -1.13B | -815.00M | -1.56B | -3.19B | 610.00M | -666.00M | -872.00M | -1.13B | -1.76B |
| Net Change in Cash | 279.00M | -410.00M | -148.00M | -747.00M | -1.95B | 2.43B | 86.00M | -102.00M | -419.00M | -614.00M |
| Free Cash Flow | 865.00M | 660.00M | 656.00M | 816.00M | 1.22B | 1.81B | 778.00M | 748.00M | 699.00M | 1.00B |
This table shows 10 annual periods of Bath & Body Works's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow BBWI's reporting calendar. What is a cash flow statement?