ValorQ4, 24TTMSelling/general/admin expenses——Research & development——Operating income229 M1.11 BNon-Operating Income, Total31 M110 MInterest expense, net of interest capitalized24 M93 MNon-Operating Income, excl. Interest Expenses7 M17 MUnusual income/expense——Pretax income236 M1.13 BEquity in earnings——Taxes65 M316 MNon-controlling/minority interest——After tax other income/expense5 M-1 MNet income before discontinued operations171 M816 MDiscontinued operations——Net income171 M816 MDilution adjustment——Preferred dividends——Diluted net income available to common stockholders171 M816 MBasic earnings per share (Basic EPS)0.472.19Diluted earnings per share (Diluted EPS)0.432.13Average basic shares outstanding373 M1.49 BDiluted shares outstanding384 M1.52 BEBITDA235 M—EBIT229 M1.11 BCost of revenue2.62 B9.1 BOther cost of goods sold——Depreciation & amortization (cash flow)6 M—
Gap Inc (The)
The Gap, Inc., commonly known as Gap Inc., is an American multinational clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: the namesake Gap, Banana Republic, Old Navy, and Athleta. Gap Inc. is one of the largest apparel retailers in the United States, and is third in total international locations, behind Inditex Group and H&M. As of early 2023, Gap employs about 95,000 people.
The Fisher family remains deeply involved in the company, collectively owning much of its stock. Donald Fisher was chairman of the board until 2004, playing a role in the ouster of then-CEO Millard Drexler in 2002, and remained on the board until his death in 2009. Fisher's wife and their son, Robert J. "Bob" Fisher, are also on Gap's board of directors. Bob succeeded his father as chairman in 2004 and was CEO on an interim basis following the resignation of Paul Pressler in 2007, before being succeeded by Glenn K. Murphy up until 2014. From February 2015 to November 2019, Art Peck was CEO of Gap Inc., until he was replaced by Sonia Syngal in March 2020.