SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION
 3 Months Ended
May. 01, 2016
SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION  
SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION

 

NOTE 7  — SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION

 

Receivables

 

Receivables consisted of the following (amounts in millions):

 

 

 

HD Supply Holdings, Inc.

 

HD Supply, Inc.

 

 

 

May 1,
2016

 

January 31,
2016

 

May 1,
2016

 

January 31,
2016

 

Trade receivables, net of allowance for doubtful accounts

 

$
893 

 

$
784 

 

$
893 

 

$
784 

 

Vendor rebate receivables

 
52 

 
76 

 
52 

 
76 

 

Other receivables

 
11 

 
12 

 
10 

 
12 

 

 

 

 

 

 

 

 

 

 

 

Total receivables, net

 

$
956 

 

$
872 

 

$
955 

 

$
872 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Current Liabilities

 

Other current liabilities consisted of the following (amounts in millions):

 

 

 

HD Supply Holdings, Inc.

 

HD Supply, Inc.

 

 

 

May 1,
2016

 

January 31,
2016

 

May 1, 2016

 

January 31,
2016

 

Accrued interest

 

$
35 

 

$
73 

 

$
35 

 

$
73 

 

Accrued non-income taxes

 
40 

 
30 

 
40 

 
30 

 

Other

 
93 

 
97 

 
93 

 
96 

 

 

 

 

 

 

 

 

 

 

 

Total other current liabilities

 

$
168 

 

$
200 

 

$
168 

 

$
199 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplemental Cash Flow Information

 

Cash paid for interest in the three months ended May 1, 2016 and May 3, 2015 was $119 million and $154 million, respectively.

 

Cash paid for income taxes, net of refunds, in the three months ended May 1, 2016 and May 3, 2015 was approximately $1 million in each period.

 

Significant Non-Cash Transactions

 

During the three months ended May 1, 2016, Holdings retired 319,093 shares of its common stock (“Retired Shares”) held as treasury shares by Holdings in the amount of $9.4 million. All of these shares were repurchased by Holdings pursuant to the publicly announced share repurchase program previously authorized by Holdings board of directors.  Holdings reinstated the Retired Shares to the status of authorized but unissued shares of common stock, par value $0.01 per share, effective as of the date of retirement. In accordance with ASC 505-30, “Equity-Treasury Stock,” Holdings reversed the $0.01 par value of the Retired Shares and the excess of the cost of the Retired Shares over par value to Retained Earnings.