Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 30, 2016
Aug. 01, 2015
[1]
Jul. 30, 2016
Aug. 01, 2015
[1]
Cash flows from operating activities        
Net income/(loss) $ (56) $ (117) $ (124) $ (267)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:        
Restructuring and management transition 0 1 (1) 4
Asset impairments and other charges 1 1 2 2
Gain (Loss) on Disposition of Other Assets 0 6 5 8
Net gain on sale of operating assets (2) 0 (10) (8)
(Gain)/loss on extinguishment of debt 34 0 30 0
Depreciation and amortization 153 153 307 307
Benefit plans (15) (23) (27) (48)
Stock-based compensation 10 11 20 21
Deferred taxes 3 2 0 3
Change in cash from:        
Inventory (56) (194) (260) (353)
Prepaid expenses and other (9) 26 (68) (11)
Merchandise accounts payable 99 59 169 125
Current income taxes (3) 2 (4) 6
Accrued expenses and other 27 127 (237) 43
Net cash provided by/(used in) operating activities 186 42 (208) (184)
Cash flows from investing activities        
Capital expenditures (121) (95) (160) (141)
Net proceeds from sale of non-operating assets 0 7 2 13
Net proceeds from sale of operating assets 4 0 16 5
Joint venture return of investment 1 0 15 0
Net cash provided by/(used in) investing activities (116) (88) (127) (123)
Cash flows from financing activities        
Proceeds from issuance of long-term debt 2,188 0 2,188 0
Payments of capital leases and note payable (5) (18) (19) (23)
Payments of long-term debt (2,188) (7) (2,250) (13)
Proceeds from stock options exercised 0 0 1 0
Financing costs (49) 0 (49) 0
Tax withholding payments for vested restricted stock (2) 0 (7) (2)
Net cash provided by/(used in) financing activities (56) (25) (136) (38)
Net increase/(decrease) in cash and cash equivalents 14 (71) (471) (345)
Cash and cash equivalents at beginning of period 415 1,044 900 1,318
Cash and cash equivalents at end of period 429 973 429 973
Supplemental cash flow information        
Income taxes received/(paid), net (5) (2) (8) (2)
Interest received/(paid), net (62) (58) (184) (184)
Supplemental non-cash investing and financing activity        
Increase/(decrease) in other accounts payable related to purchases of property and equipment and software $ (9) $ 18 $ 32 $ 29
[1] As Adjusted