Below are the financial statements of Gap Inc, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net sales | 14,889a | 15,616a | 16,670a |
| Cost of goods sold and occupancy expenses | -9,114a | -10,257a | -10,033a |
| Gross profit | 5,775a | 5,359a | 6,637a |
| Operating expenses | -5,215a | -5,428a | -5,827a |
| Operating income (loss) | 560a | -69a | 810a |
| Loss on extinguishment of debt | 0a | 0a | -325a |
| Interest expense | -90a | -88a | -167a |
| Interest income | -86a | -18a | -5a |
| Income (loss) before income taxes | 556a | -139a | 323a |
| Income tax expense | -54a | -63a | -67a |
| Net income (loss) | 502a | -202a | 256a |
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