|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
|
3 Months Ended |
9 Months Ended |
|
Nov. 02, 2013
|
Oct. 27, 2012
|
Nov. 02, 2013
|
Oct. 27, 2012
|
| Cash flows from operating activities |
|
|
|
|
| Net income/(loss) |
$ (489) |
$ (123) |
$ (1,423) |
$ (433) |
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
|
|
| Restructuring and management transition |
48 |
12 |
109 |
102 |
| Asset impairments and other charges |
3 |
6 |
12 |
10 |
| Net gain on sale or redemption of non-operating assets |
(24) |
(197) |
(86) |
(397) |
| Net gain on sale of operating assets |
0 |
0 |
(18) |
0 |
| Loss on extinguishment of debt |
0 |
0 |
114 |
0 |
| Depreciation and amortization |
161 |
133 |
440 |
386 |
| Benefit plans |
16 |
31 |
57 |
110 |
| Stock-based compensation |
6 |
12 |
22 |
38 |
| Excess tax benefits from stock-based compensation |
0 |
6 |
0 |
(17) |
| Deferred taxes |
(14) |
(27) |
(203) |
(224) |
| Change in cash from: |
|
|
|
|
| Inventory |
(592) |
(369) |
(1,406) |
(446) |
| Prepaid expenses and other assets |
(30) |
(26) |
11 |
(41) |
| Merchandise accounts payable |
133 |
393 |
247 |
386 |
| Current income taxes |
2 |
74 |
62 |
108 |
| Accrued expenses and other |
43 |
27 |
(135) |
(237) |
| Net cash provided by/(used in) operating activities |
(737) |
(48) |
(2,197) |
(655) |
| Cash flows from investing activities |
|
|
|
|
| Capital expenditures |
(161) |
(341) |
(814) |
(580) |
| Net proceeds from sale or redemption of non-operating assets |
33 |
279 |
88 |
525 |
| Acquisition |
0 |
0 |
0 |
(9) |
| Net proceeds from sale of operating assets |
0 |
0 |
19 |
0 |
| Net cash provided by/(used in) investing activities |
(128) |
(62) |
(707) |
(64) |
| Cash flows from financing activities |
|
|
|
|
| Proceeds from short-term borrowings |
0 |
0 |
850 |
0 |
| Payment on short-term borrowings |
(200) |
0 |
(200) |
0 |
| Net proceeds from issuance of long-term debt |
0 |
0 |
2,180 |
0 |
| Premium on early retirement of debt |
0 |
0 |
(110) |
0 |
| Payments of capital leases and note payable |
(5) |
(13) |
(24) |
(13) |
| Payments of Long-term Debt |
5 |
230 |
250 |
230 |
| Financing costs |
(18) |
0 |
(30) |
(4) |
| Net proceeds from common stock issued |
786 |
0 |
786 |
0 |
| Dividends paid, common |
0 |
0 |
0 |
(86) |
| Proceeds from stock options exercised |
0 |
1 |
7 |
70 |
| Excess tax benefits from stock-based compensation |
0 |
(6) |
0 |
17 |
| Tax withholding payments for vested restricted stock |
(1) |
(5) |
(8) |
(17) |
| Net cash provided by/(used in) financing activities |
557 |
(253) |
3,201 |
(263) |
| Net increase/(decrease) in cash and cash equivalents |
(308) |
(363) |
297 |
(982) |
| Cash and cash equivalents at beginning of period |
1,535 |
888 |
930 |
1,507 |
| Cash and cash equivalents at end of period |
1,227 |
525 |
1,227 |
525 |
| Supplemental cash flow information |
|
|
|
|
| Income taxes received/(paid), net |
(1) |
134 |
87 |
185 |
| Interest received/(paid), net |
(125) |
(92) |
(361) |
(205) |
| Supplemental non-cash investing and financing activity |
|
|
|
|
| Increase/(decrease) in other accounts payable related to purchases of property and equipment |
(53) |
(24) |
49 |
139 |
| Financing costs withheld from proceeds of long-term debt |
0 |
0 |
70 |
0 |
| Purchase of property and equipment and software through capital leases and a note payable |
1 |
57 |
4 |
106 |
| Issuance costs withheld from proceeds of common stock issued |
24 |
0 |
24 |
0 |
| Return of shares of Martha Stewart Living Omnimedia Inc. previously acquired by the Company |
$ 36 |
$ 0 |
$ 36 |
$ 0 |