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2013 Annual Report
2013 Annual Report

Table of contents

  • Page 1
    2013 Annual Report 2013 Annual Report

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    The retail environment has shifted. Technology has changed. Winning means offering our customers an exciting, consistent experience, fully integrated across the physical and digital worlds, whenever they shop. We're competing hard and playing to win.

  • Page 6
    Winning means...

  • Page 7
    ..., product or trend. 50 countries & counting Hello Hungary, Peru, Brazil, Costa Rica and Paraguay - the markets Gap entered in 2013. China is home to more than 80 Gap specialty and outlet stores after just over three years. When we open a new store, we see the excitement and demand for our brand in...

  • Page 8
    ... Going global Two years and nearly 20 stores after Old Navy's successful launch in Japan, the brand is ready to debut in China, the world's second largest market, and the Philippines. Our flagship in the Jing'an shopping district in Shanghai is pictured to the right, and will offer current American...

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  • Page 11
    ... as well." Koran is now a successful motivational speaker, advocating for kids. Open for business in 20 franchise markets Banana Republic's franchise fleet has grown to more than 65 stores, adding 13 stores in 2013. The brand opened in two new countries, South Africa and Peru, as well as its first...

  • Page 12
    ... and flexibility to design customer experiences across channels including our developing brands, Athleta, Piperlime and Intermix. We've continued to build up our digital capabilities since creating a world-class e-commerce platform, resulting in a 21 percent increase in online net sales in 2013.

  • Page 13

  • Page 14
    "Winning starts with the customer. As you've seen throughout these pages, across our portfolio of brands, we are listening to our customers around the world, using technology to bring ease and convenience to shopping, and offering amazing product that embodies the world's favorite for American style...

  • Page 15
    ...an enviable store fleet worldwide and world-class digital capabilities, drawing new loyal customers through great product, and the commitment to continuous improvement in our operating model in order to win. Our portfolio of brands - including our iconic brands, Gap, Banana Republic and Old Navy and...

  • Page 16
    ... our global growth plans. With its distinctive fun-family-fashion proposition, Old Navy International grew from just one store in Japan at the beginning of the year, to nearly 20. In 2014 Old Navy will also open its first store in China and its first franchise country, the Philippines. Gap China now...

  • Page 17
    ... Boys and Girls Club of San Francisco, in recognition of our co-founder's amazing legacy. We are ready to transform retail once again, to excite and inspire our customers now and in the future. With another strong year behind us, and the strategy and commitment to achieve our mission to be the world...

  • Page 18
    ... solar energy. By recycling and composting at our San Francisco headquarters, we diverted 75% of our building waste from going to landfill.. Monitoring Safety Conditions Environmental Partnerships The Vendor Engagement & Monitoring team at Gap Inc. is comprised of more than 30 people located in...

  • Page 19
    ... market value of the voting and non-voting common equity held by non-affiliates of the registrant as of August 2, 2013 was approximately $14 billion based upon the last price reported for such date in the NYSE-Composite transactions. The number of shares of the registrant's common stock outstanding...

  • Page 20
    ... margin expansion and earnings per share growth; • returning excess cash to shareholders; • growing revenues through new brands, channels, and geographies; • opening additional stores in Asia, with a focus on Gap China, Old Navy China, and Old Navy Japan; • expanding our global outlet...

  • Page 21
    ... store locations effectively; • the risk that comparable sales and margins will experience fluctuations; • the risk that changes in our credit profile or deterioration in market conditions may limit our access to the capital markets and adversely impact our financial results or our business...

  • Page 22
    ... impact net sales and profitability are difficult to predict. These forward-looking statements are based on information as of March 24, 2014, and we assume no obligation to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected...

  • Page 23
    .... 2013 ANNUAL REPORT ON FORM 10-K TABLE OF CONTENTS Page PART I Item 1. Business 1 5 11 11 11 11 PART II Item 5. Item 6. Item 7. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Selected Financial Data Management's Discussion and Analysis...

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  • Page 25
    ... and children at great prices in a unique and energizing shopping environment. Customers can purchase Old Navy products in stores and online, which includes online-exclusive items such as a plus-size line. In July 2012, the brand opened its first store outside of North America in Odaiba, Japan. In...

  • Page 26
    ... of brand development except for product design related to third-party products. We continue to invest in our brands and enhance the customer experience through significant investments in marketing, enhancement of our online shopping sites, international expansion, remodeling of existing stores, and...

  • Page 27
    ..., stores that sell apparel and related products under our brand names. We continue to increase the number of countries in which we enter into these types of arrangements as part of our strategy to expand internationally. For additional information on risks related to our franchise business, see...

  • Page 28
    ... President and Managing Director, Europe from May 2011 to February 2013; Senior Vice President and General Manager, International Outlets from January 2010 to May 2011; Vice President of Global Production, Supply Chain - Outlet from July 2006 to January 2010; Vice President, Corporate Sourcing from...

  • Page 29
    ..., and financial position. Our business is highly competitive. The global apparel retail industry is highly competitive. We and our franchisees compete with local, national, and global department stores, specialty and discount store chains, independent retail stores, and online businesses that market...

  • Page 30
    ..., and Old Navy brands. Each global brand president oversees their brand's specialty, outlet, online, and franchise operations. In addition, we currently plan to open additional Old Navy stores outside of North America, open additional Gap stores in China, open additional international outlet stores...

  • Page 31
    ... of our products could result in lower sales and net income. In addition, certain countries represent a larger portion of our global sourcing. For example, approximately 28 percent of our merchandise, by dollar value, is purchased from China. Accordingly, any delays in production and added costs in...

  • Page 32
    ... of operations and our reputation. The market for prime real estate is competitive. Our ability to effectively obtain real estate - to open new stores, distribution centers, and corporate offices nationally and internationally - depends on the availability of real estate that meets our criteria for...

  • Page 33
    ... develop an omni-channel shopping experience for our customers through the integration of our store and digital shopping channels. Examples of our recent omni-channel initiatives include our ship-from-store and reserve-in-store programs, in which store inventory can be used to satisfy online demand...

  • Page 34
    ... about our customers, our employees, and other third parties. Our business employs systems and websites that allow for the secure storage and transmission of proprietary or confidential information regarding our customers, employees, job applicants, and others, including credit card information and...

  • Page 35
    ... million square feet of corporate office space located in San Francisco, Rocklin, Petaluma, Pleasanton, and Los Angeles, California; New York, New York; Albuquerque, New Mexico; and Toronto, Ontario, Canada. We also lease regional offices in North America and in various international locations. We...

  • Page 36
    ... is the New York Stock Exchange. The number of holders of record of our stock as of March 18, 2014 was 7,545. The table below sets forth the market prices and dividends declared and paid for each of the fiscal quarters in fiscal 2013 and 2012. Market Prices Fiscal 2013 High Low Fiscal 2012 High Low...

  • Page 37
    ...return on our common stock for the five-year period ended February 1, 2014, with (i) the ...stock assumes quarterly reinvestment of dividends. TOTAL RETURN TO STOCKHOLDERS (Assumes $100 investment on 1/31/2009) Total Return Analysis 1/31/2009 1/30/2010 1/29/2011 1/28/2012 2/2/2013 2/1/2014 The Gap...

  • Page 38
    ... Purchasers The following table presents information with respect to purchases of common stock of the Company made during the thirteen weeks ended February 1, 2014 by The Gap, Inc. or any affiliated purchaser, as defined in Exchange Act Rule 10b-18(a)(3): Total Number of Shares Purchased as Part of...

  • Page 39
    ...'s Consolidated Financial Statements and related notes in Item 8. Fiscal Year (number of weeks) 2013 (52) 2012 (53) 2011 (52) 2010 (52) 2009 (52) Operating Results ($ in millions) Net sales Gross margin Operating margin Net income Cash dividends paid Per Share Data (number of shares in millions...

  • Page 40
    ...2011, we report comparable sales including the associated comparable online sales. Comparable sales for fiscal 2010 have been recalculated to include the associated comparable online sales. Comparable sales for fiscal 2009 exclude online sales. Includes Company-operated and franchise store locations...

  • Page 41
    ... care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. We have Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China, Hong Kong, and beginning in March 2014, Taiwan...

  • Page 42
    ... newer brands, channels, and geographies, including the following: • growing global online sales, driven by continued investments in our omni-channel capabilities; • opening additional stores in Asia with a focus on Gap China, Old Navy China, and Old Navy Japan; • expanding our global outlet...

  • Page 43
    ...consistent basis for comparison. Store Count and Square Footage Information Net sales per average square foot is as follows: 2013 Fiscal Year 2012 2011 Net sales per average square foot (1) _____ (1) Excludes net sales associated with our online and franchise businesses. $ 365 $ 364 $ 337 19

  • Page 44
    ...and square footage for our stores are as follows: February 2, 2013 Number of Store Locations Fiscal 2013 Number of Number of Stores Opened Stores Closed February 1, 2014 Number of Square Footage Store Locations (in millions) Gap North America Gap Europe Gap Asia Old Navy North America Old Navy Asia...

  • Page 45
    ... for fiscal 2014. We expect our franchisees to open about 75 franchise stores in fiscal 2014. Net Sales Discussion Our net sales for fiscal 2013 increased $497 million, or 3 percent, compared with fiscal 2012 primarily due to an increase in net sales at Gap Global and our newer brands; partially...

  • Page 46
    ... in Gap brand marketing and customer relationship marketing, store payroll and other store-related expenses, and higher bonus expense. In fiscal 2014, we expect operating margin to be about 13 percent, flat to fiscal 2013. Interest Expense ($ in millions) 2013 Fiscal Year 2012 2011 Interest...

  • Page 47
    ... of our New York headquarter offices; and • a decrease of $50 million related to merchandise inventory primarily due to volume and timing of receipts; partially offset by • an increase in net income of $145 million; and • a deferred tax provision of $69 million in fiscal 2013 compared with...

  • Page 48
    ... of proceeds from the issuance of debt and proceeds from issuances under share-based compensation plans, net of withholding tax payments. Net cash used for financing activities during fiscal 2013 decreased $477 million compared with fiscal 2012, primarily due to the following: • $419 million of...

  • Page 49
    ... regular capital expenditures to build and maintain stores and purchase new equipment to improve our business. We use this metric internally, as we believe our sustained ability to generate free cash flow is an important driver of value creation. However, this non-GAAP financial measure is not...

  • Page 50
    ...letter of credit agreement. Dividend Policy In determining whether and at what level to declare a dividend, we consider a number of factors including sustainability, operating performance, liquidity, and market conditions. We increased our annual dividend from $0.50 per share in fiscal 2012 to $0.60...

  • Page 51
    ... to review the application of our accounting policies and to evaluate the appropriateness of the many estimates that are required to prepare the financial statements of a large, global corporation. However, even under optimal circumstances, estimates routinely require adjustment based on changing...

  • Page 52
    ... reviewed our disclosure relating to critical accounting policies and estimates in this annual report on Form 10-K. Merchandise Inventory We value inventory at the lower of cost or market ("LCM"), with cost determined using the weighted-average cost method. We review our inventory levels in order to...

  • Page 53
    ... important accounting policy. We recognize revenue and the related cost of goods sold at the time the products are received by the customers. For store sales, revenue is recognized when the customer receives and pays for the merchandise at the register. For sales from our online and catalog business...

  • Page 54
    ...the past three fiscal years. Unredeemed Gift Cards, Gift Certificates, and Credit Vouchers Upon issuance of a gift card, gift certificate, or credit voucher, a liability is established for its cash value. The liability is relieved and net sales are recorded upon redemption by the customer. Over time...

  • Page 55
    ... plus a fixed margin. The average interest rate during fiscal 2013 was 1 percent. Our interest rate risk associated with the Japan Term Loan as of February 1, 2014 is as follows: Expected Maturity Date (Fiscal Year) (Â¥ in billions) 2014 2015 2016 2017 2018 Total Fair Value (1) Principal payments...

  • Page 56
    ...heldto-maturity based on our positive intent and ability to hold the securities to maturity. We value these investments at their original purchase prices plus interest that has accrued at the stated rate. The value of our investments is not subject to material interest rate risk. However, changes in...

  • Page 57
    ... FINANCIAL STATEMENTS Page Report of Independent Registered Public Accounting Firm Consolidated Balance Sheets as of February 1, 2014 and February 2, 2013 Consolidated Statements of Income for the fiscal years ended February 1, 2014, February 2, 2013, and January 28, 2012 Consolidated Statements...

  • Page 58
    ... fiscal years in the period ended February 1, 2014, in conformity with accounting principles generally accepted in the United States of America. Also, in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of February 1, 2014, based...

  • Page 59
    THE GAP, INC. CONSOLIDATED BALANCE SHEETS February 1, 2014 February 2, 2013 ($ and shares in millions except par value) ASSETS Current assets: Cash and cash equivalents Short-term investments Merchandise inventory Other current assets Total current assets Property and equipment, net Other long-...

  • Page 60
    THE GAP, INC. CONSOLIDATED STATEMENTS OF INCOME Fiscal Year ($ and shares in millions except per share amounts) 2013 2012 2011 Net sales Cost of goods sold and occupancy expenses Gross profit Operating expenses Operating income Interest expense Interest income Income before income taxes Income ...

  • Page 61
    THE GAP, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Fiscal Year ($ in millions) 2013 2012 2011 Net income Other comprehensive income (loss), net of tax: Foreign currency translation, net of tax (tax benefit) of $5, $-, and $(2) Change in fair value of derivative financial instruments, net...

  • Page 62
    ... CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY Common Stock ($ and shares in millions) Balance as of January 29, 2011 Net income Other comprehensive income, net of tax Repurchases of common stock Reissuance of treasury stock under share-based compensation plans, net of shares withheld for employee...

  • Page 63
    THE GAP, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Fiscal Year 2012 ($ in millions) 2013 2011 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization Amortization of lease incentives Share-...

  • Page 64
    ... care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. We have Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China, Hong Kong, and beginning in March 2014, Taiwan...

  • Page 65
    ...Cash flows from derivative financial instruments are classified as cash flows from operating activities in the Consolidated Statements of Cash Flows. Property and Equipment Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Estimated useful...

  • Page 66
    ...store sales when the customer receives and pays for the merchandise at the register. For sales through online and catalog orders, revenue is recognized at the time we estimate the customer receives the product. Amounts related to shipping and handling that are billed to customers are recorded in net...

  • Page 67
    ... include the following: • payroll and related benefits (for our store operations, field management, distribution centers, and corporate functions); • marketing; • general and administrative expenses; • costs to design and develop our products; • merchandise handling and receiving in...

  • Page 68
    ... rates. Goodwill and other indefinite-lived intangible assets, including the trade names, are recorded in other long-term assets in the Consolidated Balance Sheets. Lease Losses The decision to close a store, corporate facility, or distribution center can result in accelerated depreciation and...

  • Page 69
    ... to provide service in exchange for stock options and Stock Units. Unredeemed Gift Cards, Gift Certificates, and Credit Vouchers Upon issuance of a gift card, gift certificate, or credit voucher, a liability is established for its cash value. The liability is relieved and net sales are recorded...

  • Page 70
    ... store locations and online. The co-branded credit card is a VISA credit card bearing the logo of Gap, Banana Republic, or Old Navy and can be used everywhere VISA credit cards are accepted. A third-party financing company is the sole owner of the accounts issued under the Credit Card programs...

  • Page 71
    ... in the Consolidated Statements of Income. Recent Accounting Pronouncements In July 2013, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") No. 2013-11, Income Taxes, to clarify the presentation of an unrecognized tax benefit when a net operating loss carryforward...

  • Page 72
    ...of the following: ($ in millions) February 1, 2014 February 2, 2013 Accounts receivable Current portion of deferred tax assets Prepaid minimum rent and occupancy expenses Prepaid income taxes Derivative financial instruments Prepaid catalog expenses Other Other current assets Property and Equipment...

  • Page 73
    ... and benefits Unredeemed gift cards, gift certificates, and credit vouchers, net of breakage Short-term deferred rent and tenant allowances Insurance liabilities Accrued advertising Credit card reward points and certificates liability Sales return allowance Derivative financial instruments...

  • Page 74
    ... rates. The activity was not material for fiscal 2013 or 2012. Sales Return Allowance A summary of activity in the sales return allowance account is as follows: ($ in millions) February 1, 2014 February 2, 2013 January 28, 2012 Balance at beginning of fiscal year Additions Returns Balance at end of...

  • Page 75
    ... adjustments did not have a material impact on our Consolidated Financial Statements for any period reported, and therefore, we have not retrospectively adjusted our Consolidated Balance Sheet as of February 2, 2013. Purchase Price Allocation as of Acquisition Date (1) Measurement Period Adjustments...

  • Page 76
    ..., net of the unamortized discount. As of February 1, 2014 and February 2, 2013, the estimated fair value of the Notes was $1.39 billion and $1.41 billion, respectively, and was based on the quoted market price of the Notes (level 1 inputs) as of the last business day of the respective fiscal year...

  • Page 77
    ...: Fair Value Measurements at Reporting Date Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) ($ in millions) February 1, 2014 Assets: Cash equivalents Derivative financial instruments...

  • Page 78
    ... Value Measurements at Reporting Date Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) ($ in millions) February 2, 2013 Assets: Cash equivalents Short-term investments Derivative financial...

  • Page 79
    ... exchange forward contracts to hedge the net assets of international subsidiaries to offset the foreign currency translation and economic exposures related to our investment in the subsidiaries. There were no material amounts recorded in income for fiscal 2013, 2012, or 2011 as a result of hedge...

  • Page 80
    ... of our derivative financial instruments in the Consolidated Balance Sheets, and as such, the fair values shown above represent gross amounts. The amounts subject to enforceable master netting arrangements are $1 million and $4 million as of February 1, 2014 and February 2, 2013, respectively. If we...

  • Page 81
    ... been issued as of February 1, 2014. Share Repurchases Share repurchase activity is as follows: Fiscal Year ($ and shares in millions except average per share cost) 2013 2012 2011 Number of shares repurchased Total cost Average per share cost including commissions 57 $ $ 26 1,009 38.42 $ $ 34...

  • Page 82
    ... ($ in millions) Total Balance at February 2, 2013 $ Foreign currency translation Change in fair value of derivative financial instruments Amounts reclassified from accumulated other comprehensive income Other comprehensive income (loss), net Balance at February 1, 2014 $ 158 $ (51) - - (51...

  • Page 83
    ...-based compensation expense is as follows: Fiscal Year ($ in millions) 2013 2012 2011 Stock units Stock options Employee stock purchase plan Share-based compensation expense Less: Income tax benefit Share-based compensation expense, net of tax $ $ 99 $ 12 5 116 (45) 71 $ 92 $ 17 4 113 (44) 69...

  • Page 84
    ... Balance as of February 1, 2014 A summary of additional information about Stock Units is as follows: 2013 9,365,435 2,345,598 1,602,859 (3,031,421) (1,621,836) 8,660,635 $ $ $ $ $ $ 22.62 36.84 35.15 20.69 29.10 28.25 Fiscal Year 2012 2011 Weighted-average fair value per share of Stock...

  • Page 85
    ...Forfeited/Expired Balance as of February 1, 2014 A summary of additional information about stock options is as follows: 2013 12,800,355 1,498,050 (6,151,766) (746,817) 7,399,822 $ $ $ $ $ 20.56 36.54 18.75 24.77 24.89 Fiscal Year 2012 2011 Weighted-average fair value per share of stock options...

  • Page 86
    ... the future under non-cancelable sublease agreements. Rent expense related to our store premises, corporate facilities, and distribution centers under operating leases is as follows: ($ in millions) 2013 Fiscal Year 2012 2011 Minimum rent expense Contingent rent expense Less: Sublease income Total...

  • Page 87
    ... to such earnings as of February 1, 2014 and we have recorded related tax expense of $38 million in fiscal 2013. The difference between the effective tax rate and the U.S. federal tax rate is as follows: 2013 Fiscal Year 2012 2011 Federal tax rate State income taxes, less federal benefit Tax impact...

  • Page 88
    ... expire between fiscal 2014 and fiscal 2024, and $72 million of the foreign losses do not expire. The activity related to our unrecognized tax benefits is as follows: ($ in millions) 2013 Fiscal Year 2012 2011 Balance at beginning of fiscal year Increases related to current year tax positions Prior...

  • Page 89
    ..., $37 million, and $36 million in fiscal 2013, 2012, and 2011, respectively. We maintain the Gap Inc. DCP, which allows eligible employees and non-employee directors to defer compensation up to a maximum amount. Plan investments are recorded at market value and are designated for the DCP. The fair...

  • Page 90
    Note 15. Earnings per Share Weighted-average number of shares used for earnings per share is as follows: (shares in millions) 2013 Fiscal Year 2012 2011 Weighted-average number of shares-basic Common stock equivalents Weighted-average number of shares-diluted 461 6 467 482 6 488 529 4 533 The ...

  • Page 91
    ...any current Action would have a material effect on our Consolidated Financial Statements taken as a whole. Note 17. Segment Information We identify our operating segments according to how our business activities are managed and evaluated. Prior to fiscal 2013, we had two reportable segments: Stores...

  • Page 92
    Net sales by brand and region are as follows: ($ in millions) Fiscal 2013 Gap Global Old Navy Global Banana Republic Global Other (2) Total Percentage of Net Sales U.S. (1) Canada Europe Asia Other regions Total Sales growth (decline) ($ in millions) Fiscal 2012 $ $ 3,800 $ 404 809 1,165 173 6,...

  • Page 93
    ...excluding long-term derivative financial instruments in an asset position and long-term deferred tax assets, by geographic location are as follows: ($ in millions) February 1, 2014 February 2, 2013 U.S. (1) Canada Total North America Other regions Total long-lived assets _____ (1) U.S. includes the...

  • Page 94
    ...code of ethics, our Code of Business Conduct, which applies to all employees including our principal executive officer, principal financial officer, controller, and persons performing similar functions. Our Code of Business Conduct is available on our website, gapinc.com, under "Investors, Corporate...

  • Page 95
    ... and Related Transactions, and Director Independence. The information required by this item is incorporated herein by reference to the sections entitled "Other Information" and "Corporate Governance-Director Independence" in the 2014 Proxy Statement. Item 14. Principal Accounting Fees and Services...

  • Page 96
    ... IV Item 15. Exhibits, Financial Statement Schedules. 1. Financial Statements: See "Index to Consolidated Financial Statements" in Part II, Item 8 of this Form 10K. Financial Statement Schedules: Schedules are included in the Consolidated Financial Statements or notes of this Form 10-K or are not...

  • Page 97
    ... and Accounting Officer) Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. Date: March 24, 2014 Date: March 24, 2014 Date: March 24, 2014 Date...

  • Page 98
    ...'s Annual Report on Form 10-K for year ended...Form 10-Q for the quarter ended October 30, 2010, Commission File No. 1-7562. Letter Amendment No. 3 to the 3-Year Letter of Credit Agreement with HSBC Bank USA, National Association dated August 24, 2012, filed as Exhibit 10.4 to Registrant's Form...

  • Page 99
    ... Management Incentive Compensation Award Plan, filed as Appendix A to Registrant's definitive proxy statement for its annual meeting of stockholders held on May 18, 2010, Commission File No. 1-7562. The Gap, Inc. Executive Deferred Compensation Plan, filed as Exhibit 10.3 to Registrant's Form...

  • Page 100
    ...and Name Change to Deferred Compensation Plan, filed as Exhibit 10.2 to Registrant's Form 10-Q for the quarter ended October 31, 2009, Commission File No. 1-7562. 1981 Stock Option Plan, filed as Exhibit 4.1 to Registrant's Registration Statement on Form S-8, Commission File No. 33-54690. Management...

  • Page 101
    ...No. 1-7562. UK Employee Stock Purchase Plan, filed as Exhibit 4.1 to Registrant's Registration Statement on Form S-8, Commission File No. 333-47508. 2002 Stock Option Plan, as amended, (formerly the 1999 Stock Option Plan as amended and Stock Up On Success, The Gap, Inc.'s Stock Option Bonus Program...

  • Page 102
    ...49 Non-Employee Director Retirement Plan, dated October 27, 1992, filed as Exhibit 10.43 to Registrant's Annual Report on Form 10-K for the year ended January 30, 1993, Commission File No. 1-7562. Amendment, authorized as of August 20, 2008, to Nonemployee Director Retirement Plan, dated October 27...

  • Page 103
    ...the year ended February 2, 2013, Commission File No. 1-7562. Form of Non-Qualified Stock Option Agreement under the 2011 Long-Term Incentive Plan, filed as Exhibit 10. 2 to Registrant's Form 8-K on March 6, 2014, Commission File No. 1-7562. Form of Stock Award Agreement for Executives under the 2006...

  • Page 104
    ...for the year ended February 2, 2013, Commission File No. 1-7562. Form of Performance Share Agreement under the 2011 Long-Term Incentive Plan, filed as Exhibit 10.4 to Registrant's form 8-K on March 6, 2014, Commission File No. 1.7562. Form of Restricted Stock Unit Award Agreement under the 2006 Long...

  • Page 105
    ... to Agreement with Art Peck dated November 4, 2011, and confirmed on November 15, 2011, filed as Exhibit 10.91 to Registrant's Form 10-K for the year ended January 28, 2012, Commission File No. 1-7562. Amendment to Post-Termination Benefits with Art Peck dated May 31, 2012, filed as Exhibit 10.4 to...

  • Page 106
    ... to Agreement with Tom Keiser dated November 4, 2011, and confirmed on December 7, 2011, filed as Exhibit 10.104 to Registrant's Form 10-K for the year ended January 28, 2012, Commission File No. 1-7562. Agreement for Post-Termination Benefits with Tom Keiser dated May 31, 2012, filed as Exhibit 10...

  • Page 107
    ... Sarbanes-Oxley Act of 2002 The following materials from The Gap, Inc.'s Annual Report on Form 10-K for the year ended February 1, 2014, formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Income, (iii) the Consolidated...

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  • Page 109
    ... Zoba SVP, Global Real Estate Corporate and Shareholder Information Gap Inc. Investor Relations Please see the Investors tab on www.gapinc.com 2 Folsom Street San Francisco, CA 94105 415-427-0100 [email protected] Stock Exchange listing Trading Symbol "GPS"/New York Stock Exchange Annual...

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