v3.19.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Nov. 02, 2019
Nov. 03, 2018
Cash flows from operating activities    
Net income/(loss) $ (295) $ (330)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Restructuring and management transition 20 (3)
Asset impairments and other charges 0 53
Net (gain)/loss on sale of non-operating assets (1) 0
Net (gain)/loss on sale of operating assets 2 (58)
(Gain)/loss on extinguishment of debt (1) 23
Depreciation and amortization 415 419
Benefit plans (44) (56)
Stock-based compensation 9 9
Deferred taxes (5) (9)
Change in cash from:    
Inventory (497) (420)
Prepaid expenses and other (109) (37)
Merchandise accounts payable 258 261
Income taxes 3 (2)
Accrued expenses and other (61) (161)
Net Cash Provided by (Used in) Operating Activities (306) (311)
Cash flows from investing activities    
Capital expenditures (226) (321)
Net proceeds from sale of non-operating assets 1 0
Net proceeds from sale of operating assets 14 132
Joint venture return of investment 0 3
Insurance proceeds received for damage to property and equipment 0 1
Net Cash Provided by (Used in) Investing Activities (211) (185)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 0 400
Proceeds from borrowings under the credit facility 1,827 3,466
Payments of borrowings under the credit facility (1,398) (3,029)
Premium on early retirement of debt 0 20
Payments of finance leases and note payable (2) (6)
Payments of long-term debt (86) (597)
Financing costs 0 (7)
Proceeds from stock issued under stock plans 1 2
Tax withholding payments for vested restricted stock (1) (3)
Net Cash Provided by (Used in) Financing Activities 341 206
Net increase/(decrease) in cash and cash equivalents (176) (290)
Cash and cash equivalents at beginning of period 333 458
Cash and cash equivalents at end of period 157 168
Supplemental cash flow information    
Income taxes received/(paid), net (8) (7)
Interest received/(paid), net (230) (242)
Supplemental non-cash investing and financing activity    
Increase/(decrease) in other accounts payable related to purchases of property and equipment and software (18) (29)
Remeasurement of leased assets and lease obligations $ 77 $ 0

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