NORDSTROM INC
CIK:0000072333|SEC Filings
Consolidated Statements Of Earnings - USD ($) shares in Millions, $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Feb. 01, 2025 |
Feb. 03, 2024 |
Jan. 28, 2023 |
|
| Income Statement [Abstract] | |||
| Net sales | $ 14,557 | $ 14,219 | $ 15,092 |
| Credit card revenues, net | 459 | 474 | 438 |
| Total revenues | 15,016 | 14,693 | 15,530 |
| Cost of sales and related buying and occupancy costs | (9,396) | (9,303) | (10,019) |
| Selling, general and administrative expenses | (5,125) | (4,855) | (5,046) |
| Canada wind-down costs | 0 | 284 | 0 |
| Earnings before interest and income taxes | 495 | 251 | 465 |
| Interest expense, net | (102) | (104) | (128) |
| Earnings before income taxes | 393 | 147 | 337 |
| Income tax expense | (99) | (13) | (92) |
| Net earnings | $ 294 | $ 134 | $ 245 |
| Earnings per share: | |||
| Basic (in dollars per share) | $ 1.79 | $ 0.83 | $ 1.53 |
| Diluted (in dollars per share) | $ 1.74 | $ 0.82 | $ 1.51 |
| Weighted-average shares outstanding: | |||
| Basic (in shares) | 164.3 | 161.8 | 160.1 |
| Diluted (in shares) | 168.9 | 163.4 | 162.1 |
Consolidated Balance Sheets - USD ($) $ in Millions |
Feb. 01, 2025 |
Feb. 03, 2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 1,035 | $ 628 |
| Accounts receivable, net | 245 | 334 |
| Merchandise inventories | 2,104 | 1,888 |
| Prepaid expenses and other current assets | 305 | 286 |
| Total current assets | 3,689 | 3,136 |
| Land, property and equipment, net | 3,039 | 3,177 |
| Operating lease right-of-use assets | 1,419 | 1,359 |
| Goodwill | 249 | 249 |
| Other assets | 570 | 523 |
| Total assets | 8,966 | 8,444 |
| Liabilities and Shareholders’ Equity | ||
| Accounts payable | 1,288 | 1,236 |
| Accrued salaries, wages and related benefits | 424 | 244 |
| Current portion of operating lease liabilities | 244 | 240 |
| Other current liabilities | 1,132 | 1,102 |
| Current portion of long-term debt | 0 | 250 |
| Total current liabilities | 3,088 | 3,072 |
| Long-term debt, net | 2,618 | 2,612 |
| Noncurrent operating lease liabilities | 1,421 | 1,377 |
| Other liabilities | 699 | 535 |
| Commitments and contingencies (Note 13) | ||
| Shareholders’ equity: | ||
| Common stock, no par value: 1,000 shares authorized; 165.2 and 162.4 shares issued and outstanding | 3,496 | 3,418 |
| Accumulated deficit | (2,369) | (2,578) |
| Accumulated other comprehensive gain | 13 | 8 |
| Total shareholders’ equity | 1,140 | 848 |
| Total liabilities and shareholders’ equity | $ 8,966 | $ 8,444 |