Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 28, 2017
Oct. 29, 2016
Oct. 28, 2017
Oct. 29, 2016
Cash flows from operating activities        
Net income/(loss) $ (128) $ (67) $ (370) $ (191)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:        
Restructuring and management transition (1) 0 72 (1)
Asset impairments and other charges 4 0 7 2
Net gain on sale of non-operating assets 0 0 0 (5)
Net gain on sale of operating assets (1) 0 (119) (10)
(Gain)/loss on extinguishment of debt 0 0 35 30
Depreciation and amortization 131 149 420 456
Benefit plans (1) (14) 95 (41)
Stock-based compensation 7 7 23 27
Deferred taxes (30) 3 (49) 3
Change in cash from:        
Inventory (588) (710) (511) (970)
Prepaid expenses and other (2) (19) (66) (87)
Merchandise accounts payable 392 399 365 568
Current income taxes 0 (1) 3 (5)
Accrued expenses and other (22) 60 (88) (177)
Net Cash Provided by (Used in) Operating Activities (239) (193) (183) (401)
Cash flows from investing activities        
Capital expenditures (95) (122) (287) (282)
Net proceeds from sale of non-operating assets 0 0 0 2
Net proceeds from sale of operating assets 7 0 153 16
Joint venture return of investment 0 0 9 15
Net Cash Provided by (Used in) Investing Activities (88) (122) (125) (249)
Cash flows from financing activities        
Proceeds from issuance of long-term debt 0 0 0 2,188
Proceeds from borrowings under the credit facility 249 259 521 259
Payments of borrowings under the credit facility (38) (97) (310) (97)
Premium On Early Retirement Of Long Term Debt 0 0 30 0
Payments of capital leases, financing obligation and note payable (2) (5) (14) (24)
Payments of long-term debt (11) (89) (552) (2,339)
Financing costs 0 0 (9) (49)
Proceeds from stock issued under stock plans 1 1 4 2
Tax withholding payments for vested restricted stock (1) 0 (4) (7)
Net Cash Provided by (Used in) Financing Activities 198 69 (394) (67)
Net increase/(decrease) in cash and cash equivalents (129) (246) (702) (717)
Cash and cash equivalents at beginning of period 314 429 887 900
Cash and cash equivalents at end of period 185 183 185 183
Supplemental cash flow information        
Income taxes received/(paid), net (1) (1) (6) (9)
Interest received/(paid), net (84) (103) (247) (287)
Supplemental non-cash investing and financing activity        
Increase/(decrease) in other accounts payable related to purchases of property and equipment and software $ (4) $ 1 $ 2 $ 33