the creation of an external capital funding proposal.
Financial Projection
| With South Africa Project | ||||||||
| Nordstrom's Consolidated Financial Projection | ||||||||
| For 8 years from 2020-2027 | ||||||||
| (Amount in millions) | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| Net Revenue | 16491.36 | 17315.928 | 18181.7244 | 19090.81062 | 20045.351151 | 21047.61870855 | 22099.9996439775 | 23204.9996261764 |
| Gross Profit | 5607.06 | 5956.68 | 6254.51 | 6567.24 | 6895.60 | 7240.38 | 7602.40 | 7982.52 |
| Operating Expenses | 5112.32 | 5454.52 | 5727.24 | 6013.61 | 6314.29 | 6630.00 | 6961.50 | 7309.57 |
| Interest Expenses | 98.95 | 103.90 | 109.09 | 114.54 | 120.27 | 126.29 | 132.60 | 139.23 |
| Pretax Income | 395.79 | 398.27 | 418.18 | 439.09 | 461.04 | 484.10 | 508.30 | 533.71 |
| Without South Africa Project | ||||||||
| Nordstrom's Projected Cash Flow | ||||||||
| Between 2020-2027 | ||||||||
| (Amount in millions) | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| Net Revenue | 15836.04 | 16200.26892 | 16572.87510516 | 16954.0512325787 | 17343.994410928 | 17742.9062823793 | 18150.993126874 | 18568.4659687921 |
| Gross Profit | 5384.2536 | 5508.0914328 | 5634.7775357544 | 5764.3774190767 | 5896.9580997155 | 6032.588136009 | 6171.3376631372 | 6313.2784293893 |
| Operating Expenses | 4909.1724 | 5022.0833652 | 5137.5912825996 | 5255.7558820994 | 5376.6382673877 | 5500.3009475376 | 5626.8078693309 | 5756.2244503256 |
| Interest Expenses | 95.01624 | 97.20161352 | 99.437250631 | 101.7243073955 | 104.0639664656 | 106.4574376943 | 108.9059587612 | 111.4107958128 |
| Pretax Income | 380.06496 | 388.80645408 | 397.7490025238 | 406.8972295819 | 416.2558658623 | 425.8297507771 | 435.623835045 | 445.643183251 |
Cash Flow
| With South Africa Project | ||||||||
| Nordstrom's Projected Cash Flow | ||||||||
| From 2020-2027 | ||||||||
| Amount in Millions | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| Cash from operating activities | 1347.84 | 1401.7536 | 1457.823744 | 1516.13669376 | 1576.7821615104 | 1639.8534479708 | 1705.4475858897 | 1773.6654893252 |
| Cash from investing activities | -670 | -670 | -670 | -670 | -700 | -700 | -700 | -700 |
| Cash from financing activities | -870 | -870 | -870 | -870 | -925 | -925 | -925 | -925 |
| Net Cash Increase/(Decrease) | -192.16 | -138.2464 | -82.176256 | -23.86330624 | -48.2178384896 | 14.8534479708 | 80.4475858896 | 148.6654893252 |
| Without South Africa Project | ||||||||
| Amount in Millions | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| Cash from operating activities | 1308.96 | 1308.96 | 1308.96 | 1308.96 | 1308.96 | 1308.96 | 1308.96 | 1308.96 |
| Cash from investing activities | -655 | -655 | -655 | -655 | -660 | -660 | -660 | -660 |
| Cash from financing activities | -865 | -865 | -865 | -865 | -700 | -690 | -640 | -600 |
| Net Cash Increase/(Decrease) | -211.04 | -211.04 | -211.04 | -211.04 | -51.04 | -41.04 | 8.96 | 48.96 |