|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
|
3 Months Ended |
|
May 03, 2014
|
May 04, 2013
|
| Cash flows from operating activities |
|
|
| Net income/(loss) |
$ (352) |
$ (348) |
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
| Restructuring and management transition |
2 |
37 |
| Asset impairments and other charges |
2 |
2 |
| Net gain on sale of non-operating assets |
(12) |
0 |
| Net gain on sale of operating assets |
(1) |
(16) |
| Depreciation and amortization |
158 |
136 |
| Benefit plans |
(9) |
17 |
| Stock-based compensation |
7 |
5 |
| Deferred taxes |
(5) |
(164) |
| Change in cash from: |
|
|
| Inventory |
100 |
(457) |
| Prepaid expenses and other assets |
(27) |
50 |
| Merchandise accounts payable |
(107) |
85 |
| Current income taxes |
10 |
55 |
| Accrued expenses and other |
(37) |
(154) |
| Net cash provided by/(used in) operating activities |
(271) |
(752) |
| Cash flows from investing activities |
|
|
| Capital expenditures |
(80) |
(214) |
| Net proceeds from sale of non-operating assets |
15 |
0 |
| Net proceeds from sale of operating assets |
2 |
18 |
| Net cash provided by/(used in) investing activities |
(63) |
(196) |
| Cash flows from financing activities |
|
|
| Proceeds from short-term borrowings |
0 |
850 |
| Payments of capital leases and note payable |
(5) |
(5) |
| Payments of long-term debt |
(5) |
0 |
| Financing costs |
0 |
(8) |
| Proceeds from stock options exercised |
0 |
5 |
| Tax withholding payments for vested restricted stock |
(1) |
(3) |
| Net cash provided by/(used in) financing activities |
(11) |
839 |
| Net increase/(decrease) in cash and cash equivalents |
(345) |
(109) |
| Cash and cash equivalents at beginning of period |
1,515 |
930 |
| Cash and cash equivalents at end of period |
1,170 |
821 |
| Supplemental cash flow information |
|
|
| Income taxes received/(paid), net |
(3) |
90 |
| Interest received/(paid), net |
(126) |
(84) |
| Supplemental non-cash investing and financing activity |
|
|
| Property contributed to joint venture |
30 |
0 |
| Increase/(decrease) in other accounts payable related to purchases of property and equipment |
$ 1 |
$ 280 |