The Gap, Inc.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.86B | $15.52B | $15.80B | $16.44B | $16.15B | $15.65B | $14.55B | $14.66B |
| Cost of Revenue | $9.79B | — | — | — | — | — | — | — |
| Gross Profit | $6.07B | $5.64B | $5.72B | $6.29B | $6.29B | $6.17B | $5.27B | $5.89B |
| Gross Margin | 38.3% | 36.3% | 36.2% | 38.3% | 39.0% | 39.4% | 36.2% | 40.2% |
| Operating Expenses | ||||||||
| Research & Development | $51.0M | $46.0M | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $1.48B | $1.19B | $1.52B | $2.08B | $2.15B | $1.94B | $1.44B | $1.97B |
| Operating Margin | 9.3% | 7.7% | 9.6% | 12.7% | 13.3% | 12.4% | 9.9% | 13.4% |
| Interest Expense | $74.0M | $75.0M | $59.0M | $75.0M | $61.0M | $87.0M | $74.0M | $-8.0M |
| Pretax Income | $1.42B | $1.12B | $1.47B | $2.01B | $2.09B | $1.86B | $1.37B | $1.98B |
| Income Tax Expense | $576.0M | $448.0M | $551.0M | $751.0M | $813.0M | $726.0M | $536.0M | $778.0M |
| Net Income | $848.0M | $676.0M | $920.0M | $1.26B | $1.28B | $1.14B | $833.0M | $1.20B |
| Net Margin | 5.3% | 4.4% | 5.8% | 7.7% | 7.9% | 7.3% | 5.7% | 8.2% |
| EPS (Basic) | $2.16 | $1.69 | $2.24 | $2.90 | $2.78 | $2.35 | $1.57 | $1.89 |
| EPS (Diluted) | $2.14 | $1.69 | $2.23 | $2.87 | $2.74 | $2.33 | $1.56 | $1.88 |
| Shares Outstanding (Basic) | 393.0M | 399.0M | 411.0M | 435.0M | 461.0M | 482.0M | 529.0M | 636.0M |
| Shares Outstanding (Diluted) | 396.0M | 400.0M | 413.0M | 440.0M | 467.0M | 488.0M | 533.0M | 641.0M |
| Dividends Per Share | $0.92 | $0.92 | $0.92 | $0.88 | $0.70 | — | — | — |