Consolidated Statements of Cash Flows - 4Q 2009 (Unaudited)
(millions)
| |
52 Weeks Ended
January 30, 2010 |
|
52 Weeks Ended
January 31, 2009 |
| Cash flows from operating activities: |
| Net income (loss) |
|
$350 |
|
$(4,803) |
Adjustments to reconcile net income to net cash
provided by operating activities:
|
| Division consolidation costs |
|
276 |
|
187 |
| Asset impairment charges |
|
115 |
|
211 |
| Goodwill impairment charges |
|
– |
|
5,382 |
| Depreciation and amortization |
|
1,210 |
|
1,278 |
| Stock-based compensation expense |
|
76 |
|
43 |
Amortization of financing costs and premium on
acquired debt |
|
(23) |
|
(27) |
| Changes in assets and liabilities: |
| (Increase) decrease in receivables |
|
7 |
|
(1) |
| Decrease in merchandise inventories |
|
154 |
|
291 |
| (Increase) decrease in supplies and prepaid expenses |
|
3 |
|
(7) |
| (Increase) decrease in other assets not separately identified |
|
(15) |
|
1 |
| Increase (decrease) in merchandise accounts payable |
|
29 |
|
(90) |
Decrease in accounts payable and accrued
liabilities not separately identified |
|
(201) |
|
(227) |
| Increase (decrease) in current income taxes |
|
40 |
|
(146) |
| Increase (decrease) in deferred income taxes |
|
96 |
|
(291) |
Increase (decrease) in other liabilities not
separately identified |
|
(367) |
|
65 |
| Net cash provided by operating activities |
|
1,750 |
|
1,866 |
| |
| Cash flows from investing activities: |
| Purchase of property and equipment |
|
(355) |
|
(761) |
| Capitalized software |
|
(105) |
|
(136) |
| Proceeds from hurricane insurance claims |
|
26 |
|
68 |
| Disposition of property and equipment |
|
60 |
|
38 |
| Other, net |
|
(3) |
|
(1) |
| Net cash used by investing activities |
|
(377) |
|
(792) |
| |
| Cash flows from financing activities: |
| Debt issued |
|
– |
|
650 |
| Financing costs |
|
– |
|
(18) |
| Debt repaid |
|
(966) |
|
(666) |
| Dividends paid |
|
(84) |
|
(221) |
| Decrease in outstanding checks |
|
(29) |
|
(116) |
| Acquisition of treasury stock |
|
(1) |
|
(1) |
| Issuance of common stock |
|
8 |
|
7 |
| Net cash used by financing activities |
|
(1,072) |
|
(365) |
| |
| Net increase in cash and cash equivalents |
|
301 |
|
709 |
| Cash and cash equivalents at beginning of period |
|
1,385 |
|
676 |
| |
| Cash and cash equivalents at end of period |
|
$1,686 |
|
$1,385 |
Note: Certain reclassifications were made to prior period amounts to conform with the classifications of such amounts for the most recent period
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