|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
|
3 Months Ended |
|
May 04, 2013
|
Apr. 28, 2012
|
| Cash flows from operating activities |
|
|
| Net income/(loss) |
$ (348) |
$ (163) |
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
| Restructuring and management transition |
37 |
12 |
| Asset impairments and other charges |
2 |
1 |
| Depreciation and amortization |
136 |
125 |
| Net gain on sale of operating asset |
(16) |
|
| Benefit plans |
17 |
38 |
| Stock-based compensation |
5 |
12 |
| Excess tax benefits from stock-based compensation |
|
(11) |
| Deferred taxes |
(164) |
21 |
| Change in cash from: |
|
|
| Inventory |
(457) |
(168) |
| Prepaid expenses and other assets |
50 |
7 |
| Merchandise accounts payable |
85 |
(38) |
| Current income taxes |
55 |
(144) |
| Accrued expenses and other |
(154) |
(269) |
| Net cash provided by/(used in) operating activities |
(752) |
(577) |
| Cash flows from investing activities |
|
|
| Capital expenditures |
(214) |
(107) |
| Acquisition |
|
(9) |
| Proceeds from sale of an operating asset |
18 |
|
| Net cash provided by/(used in) investing activities |
(196) |
(116) |
| Cash flows from financing activities |
|
|
| Proceeds from short-term borrowings |
850 |
|
| Payments of capital leases and note payable |
(5) |
|
| Financing costs |
(8) |
(2) |
| Dividends paid, common |
|
(43) |
| Proceeds from stock options exercised |
5 |
68 |
| Excess tax benefits from stock-based compensation |
|
11 |
| Tax withholding payments for vested restricted stock |
(3) |
(9) |
| Net cash provided by/(used in) financing activities |
839 |
25 |
| Net increase/(decrease) in cash and cash equivalents |
(109) |
(668) |
| Cash and cash equivalents at beginning of period |
930 |
1,507 |
| Cash and cash equivalents at end of period |
821 |
839 |
| Supplemental cash flow information |
|
|
| Income taxes received/(paid), net |
90 |
(4) |
| Interest received/(paid), net |
(84) |
(90) |
| Supplemental non-cash investing and financing activity |
|
|
| Increase/ (decrease) in other accounts payable related to purchases of property and equipment |
$ 280 |
$ (16) |