|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
|
3 Months Ended |
|
May 02, 2015
|
May 03, 2014
|
| Cash flows from operating activities |
|
|
| Net income/(loss) |
$ (167) |
$ (352) |
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: |
|
|
| Restructuring and management transition |
3 |
2 |
| Asset impairments and other charges |
1 |
2 |
| Net gain on sale of non-operating assets |
(2) |
(12) |
| Net gain on sale of operating assets |
(8) |
(1) |
| Depreciation and amortization |
154 |
158 |
| Benefit plans |
4 |
(9) |
| Stock-based compensation |
10 |
7 |
| Deferred taxes |
(11) |
(5) |
| Change in cash from: |
|
|
| Inventory |
(159) |
100 |
| Prepaid expenses and other assets |
(37) |
(27) |
| Merchandise accounts payable |
66 |
(107) |
| Current income taxes |
4 |
10 |
| Accrued expenses and other |
(84) |
(37) |
| Net cash provided by/(used in) operating activities |
(226) |
(271) |
| Cash flows from investing activities |
|
|
| Capital expenditures |
(46) |
(80) |
| Net proceeds from sale of non-operating assets |
6 |
15 |
| Net proceeds from sale of operating assets |
5 |
2 |
| Net cash provided by/(used in) investing activities |
(35) |
(63) |
| Cash flows from financing activities |
|
|
| Payments of capital leases and note payable |
(5) |
(5) |
| Payments of long-term debt |
(6) |
(5) |
| Tax withholding payments for vested restricted stock |
(2) |
(1) |
| Net cash provided by/(used in) financing activities |
(13) |
(11) |
| Net increase/(decrease) in cash and cash equivalents |
(274) |
(345) |
| Cash and cash equivalents at beginning of period |
1,318 |
1,515 |
| Cash and cash equivalents at end of period |
1,044 |
1,170 |
| Supplemental cash flow information |
|
|
| Income taxes received/(paid), net |
0 |
(3) |
| Interest received/(paid), net |
(126) |
(126) |
| Supplemental non-cash investing and financing activity |
|
|
| Property contributed to joint venture |
0 |
30 |
| Increase/(decrease) in other accounts payable related to purchases of property and equipment |
$ 11 |
$ 1 |