Caleres (CAL) Cash Flow: Operating & Free Cash Flow

Caleres (CAL) Cash Flow Statement

In fiscal 2026 (fiscal year ended Jan 31, 2026), Caleres generated $100.26M of operating cash flow and spent $67.89M on capital expenditures. That left free cash flow of $32.37M, down 41.6% from $55.41M a year earlier, or 1.2% of revenue. It returned $18.35M to shareholders through $9.45M in dividends and $8.91M in share buybacks.

Caleres Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Caleres, Inc. (CAL) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jan 2026	Feb 2025	Jan 2025	Feb 2024	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Feb 2018
Operating Activities
Net Income	-6.69	-9.88	106.10	106.10	163.87	179.70	138.16	-438.99	62.08	-5.48	87.23
Depreciation & Amortization	64.58	64.58	56.43	56.43	53.28	49.01	52.33	60.54	65.56	62.70	64.07
Deferred Income Tax	-4.64	-	19.81	-	-11.87	4.27	6.49	-37.03	9.80	-6.92	-1.42
Stock Based Compensation	12.43	15.15	15.15	14.80	14.80	17.31	12.30	8.10	10.25	13.81	11.30
Change in Working Capital	34.02	-93.14	-94.80	-31.66	-31.66	-126.18	-14.19	151.82	1.44	-41.53	19.79
Change in Accounts Receivable	16.28	16.28	-15.61	-15.61	-8.49	-10.30	7.00	40.25	28.77	-2.64	-0.83
Change in Inventory	37.81	37.81	-23.29	-23.29	39.50	16.24	-108.77	130.80	63.43	-51.68	18.10
Change in Accounts Payable	-51.75	-51.75	-14.36	-14.36	22.04	-101.45	50.94	13.37	-46.11	17.24	6.16
Change in Other Working Capital	31.68	5.08	-41.54	-8.40	0.64	-30.67	36.64	-32.60	-44.65	-4.45	-3.64
Other Operating Activities	0.57	2.03	1.88	21.69	0.64	1.77	-26.65	381.93	21.66	107.02	10.41
Net Cash from Operating Activities	100.26	104.56	104.56	200.15	200.15	125.88	168.44	126.35	170.79	129.59	191.38
Investing Activities
Capital Expenditures	-67.89	-49.15	-49.15	-44.58	-49.62	-64.04	-24.15	-22.06	-50.15	-66.90	-51.18
Acquisitions	-90.94	-108.86	0.00	-	0.00	3.14	0.00	0.14	3.14	-369.46	0.00
Sales/Maturities of Investments	0.00	-2.54	0.00	-5.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	0.00	-	-2.54	-	-5.03	-3.14	-5.75	-0.14	-2.50	-4.42	-6.46
Net Cash from Investing Activities	-158.83	-51.69	-51.69	-49.62	-49.62	-64.04	-24.15	-22.06	-49.52	-436.36	-51.18
Financing Activities
Debt Repayment	77.00	-602.37	37.50	-658.00	-658.00	17.50	-160.00	-25.00	-25.00	335.00	-110.00
Common Stock Issued	0.00	-3.86	0.00	-9.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Common Stock Repurchased	-8.91	-5.04	-65.04	-65.04	-17.45	-63.23	-16.97	-23.35	-23.35	-43.77	-9.81
Dividends Paid	-9.45	-9.45	-9.69	-9.69	-9.95	-10.18	-10.65	-10.76	-11.42	-11.98	-12.03
Other Financing Activities	0.00	-7.28	-7.28	-10.09	1.00	-2.25	-14.77	-2.19	-46.56	-6.08	0.00
Net Cash from Financing Activities	58.65	-44.51	-44.51	-162.99	-162.99	-58.15	-202.39	-61.31	-106.33	273.17	-131.84
Summary
Effect of Forex Changes on Cash	0.06	0.06	-0.09	-0.09	0.12	-0.10	-0.09	0.09	0.08	-0.25	0.35
Net Change in Cash	0.13	8.28	8.28	-12.34	-12.34	3.59	-58.18	43.08	15.02	-33.85	8.72
Cash at Beginning of Period	29.64	-	21.36	-	33.70	30.12	88.30	45.22	30.20	64.05	55.33
Cash at End of Period	29.77	-	29.64	-	21.36	33.70	30.12	88.30	45.22	30.20	64.05
Free Cash Flow	32.37	55.42	55.42	155.57	150.53	61.84	144.30	104.29	120.63	62.69	140.20
Supplemental Disclosures
Interest Paid	-	13.00	-	19.70	-	12.50	23.60	-	-	-	-
Income Taxes Paid	-	15.80	-	19.80	-	17.40	-0.60	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Aug 1, 2026. Data sources and methodology

Frequently Asked Questions About Caleres Cash Flow

What is Caleres's free cash flow?

Caleres generated free cash flow of $32.37M in fiscal 2026 (fiscal year ended Jan 31, 2026), operating cash flow of $100.26M minus $67.89M of capital expenditures. That was down 41.6% from $55.41M a year earlier. Free cash flow equaled 1.2% of revenue.

How much does Caleres spend on capital expenditures?

Caleres spent $67.89M on capital expenditures in fiscal 2026, compared with $49.15M a year earlier. That equals 67.7% of operating cash flow.

Does Caleres pay dividends or buy back shares?

Yes. In fiscal 2026 Caleres returned $9.45M in dividends and $8.91M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition