Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.21.1
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Jan. 30, 2021
Feb. 01, 2020
Feb. 02, 2019
Income Statement [Abstract]      
Net sales $ 17,346 $ 24,560 $ 24,971
Credit card revenues, net 751 771 768
Cost of sales (12,286) (15,171) (15,215)
Selling, general and administrative expenses (6,767) (8,998) (9,039)
Gains on sale of real estate 60 162 389
Restructuring, impairment, store closing and other costs (3,579) (354) (136)
Operating income (loss) (4,475) 970 1,738
Benefit plan income, net 54 31 39
Settlement charges (84) (58) (88)
Interest expense (284) (205) (261)
Financing costs (5) 0 0
Losses on early retirement of debt 0 (30) (33)
Interest income 4 20 25
Income (loss) before income taxes (4,790) 728 1,420
Federal, state and local income tax benefit (expense) 846 (164) (322)
Net income (loss) (3,944) 564 1,098
Net loss attributable to noncontrolling interest 0 0 10
Net income (loss) attributable to Macy's, Inc. shareholders $ (3,944) $ 564 $ 1,108
Basic earnings (loss) per share attributable to Macy's, Inc. shareholders $ (12.68) $ 1.82 $ 3.60
Diluted earnings (loss) per share attributable to Macy's, Inc. shareholders $ (12.68) $ 1.81 $ 3.56