PVH Corp. cash flow statement

In fiscal 2026, PVH Corp.'s operations generated $680m of cash; it spent $142m on capital projects, leaving free cash flow of $538m. It returned $7.5m in dividends and $578m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

PVH Corp.: cash flow statement, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Jan 2012	2013Feb 2013	2014Feb 2014	2015Feb 2015	2016Jan 2016	2017Jan 2017	2018Feb 2018	2019Feb 2019	2020Feb 2020	2021Jan 2021	2022Jan 2022	2023Jan 2023	2024Feb 2024	2025Feb 2025	2026Feb 2026	LTMAug 2026
Cash from operations	214	359	491	570	412	789	905	903	644	853	1,020	698	1,071	39	969	741	680	875
Depreciation and amortisation	50	147	132	140	314	245	257	322	325	335	324	326	313	302	299	282	272	256
Stock-based pay	14	33	41	34	58	49	42	38	45	56	56	51	47	47	52	54	44	43
Capital spending	24	101	170	211	237	256	264	247	358	380	345	227	268	290	245	159	142	160
Free cash flow	191	258	321	359	175	533	641	656	286	473	675	471	803	−251	725	582	538	715
Free cash flow after stock pay	176	225	280	325	117	485	599	618	241	417	619	421	757	−298	673	528	494	672
Dividends paid	8	10	11	11	12	13	13	12	12	12	11	3	3	10	9	9	8	7
Share buybacks	0	2	5	14	62	11	138	322	259	325	345	117	361	419	570	525	578	18
Shares issued	0	365	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

PVH Corp.: cash flow statement, quarterly
Quarter	2025 Q3Nov 2024	2025 Q4Feb 2025	2026 Q1May 2025	2026 Q2Aug 2025	2026 Q3Nov 2025	2026 Q4Feb 2026	2027 Q1May 2026	2027 Q2Aug 2026
Cash from operations	29	487	−71	213	−45	583	−47	383
Depreciation and amortisation	70	71	68	69	69	67	63	57
Stock-based pay	12	15	12	14	11	7	12	13
Capital spending	40	43	27	31	41	44	40	37
Free cash flow	−11	443	−98	182	−85	540	−86	346
Free cash flow after stock pay	−24	428	−110	168	−96	533	−98	333

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from PVH Corp.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to PVH Corp.