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, unless otherwise specified
3 Months Ended
May 03, 2014
May 04, 2013
Cash flows from operating activities    
Net income/(loss) $ (352) $ (348)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Restructuring and management transition 2 37
Asset impairments and other charges 2 2
Net gain on sale of non-operating assets (12) 0
Net gain on sale of operating assets (1) (16)
Depreciation and amortization 158 136
Benefit plans (9) 17
Stock-based compensation 7 5
Deferred taxes (5) (164)
Change in cash from:    
Inventory 100 (457)
Prepaid expenses and other assets (27) 50
Merchandise accounts payable (107) 85
Current income taxes 10 55
Accrued expenses and other (37) (154)
Net cash provided by/(used in) operating activities (271) (752)
Cash flows from investing activities    
Capital expenditures (80) (214)
Net proceeds from sale of non-operating assets 15 0
Net proceeds from sale of operating assets 2 18
Net cash provided by/(used in) investing activities (63) (196)
Cash flows from financing activities    
Proceeds from short-term borrowings 0 850
Payments of capital leases and note payable (5) (5)
Payments of long-term debt (5) 0
Financing costs 0 (8)
Proceeds from stock options exercised 0 5
Tax withholding payments for vested restricted stock (1) (3)
Net cash provided by/(used in) financing activities (11) 839
Net increase/(decrease) in cash and cash equivalents (345) (109)
Cash and cash equivalents at beginning of period 1,515 930
Cash and cash equivalents at end of period 1,170 821
Supplemental cash flow information    
Income taxes received/(paid), net (3) 90
Interest received/(paid), net (126) (84)
Supplemental non-cash investing and financing activity    
Property contributed to joint venture 30 0
Increase/(decrease) in other accounts payable related to purchases of property and equipment $ 1 $ 280