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. 29, 2017
Jul. 30, 2016
Jul. 29, 2017
Jul. 30, 2016
Cash flows from operating activities        
Net income/(loss) $ (62) $ (56) $ (242) $ (124)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:        
Restructuring and management transition (4) 0 73 (1)
Asset impairments and other charges 2 1 3 2
Net gain on sale of non-operating assets 0 0 0 (5)
Net gain on sale of operating assets (1) (2) (118) (10)
(Gain)/loss on extinguishment of debt 35 34 35 30
Depreciation and amortization 144 153 289 307
Benefit plans (15) (15) 96 (27)
Stock-based compensation 9 10 16 20
Deferred taxes (1) 3 (19) 0
Change in cash from:        
Inventory 172 (56) 77 (260)
Prepaid expenses and other 7 (9) (64) (68)
Merchandise accounts payable 57 99 (27) 169
Current income taxes (2) (3) 3 (4)
Accrued expenses and other 61 27 (66) (237)
Net Cash Provided by (Used in) Operating Activities 402 186 56 (208)
Cash flows from investing activities        
Capital expenditures (109) (121) (192) (160)
Net proceeds from sale of non-operating assets 0 0 0 2
Net proceeds from sale of operating assets 10 4 146 16
Joint venture return of investment 1 1 9 15
Net Cash Provided by (Used in) Investing Activities (98) (116) (37) (127)
Cash flows from financing activities        
Proceeds from issuance of long-term debt 0 2,188 0 2,188
Proceeds from borrowings under the credit facility 272 0 272 0
Payments of borrowings under the credit facility (272) 0 (272) 0
Premium On Early Retirement Of Long Term Debt 30 0 30 0
Payments of capital leases, financing obligation and note payable (6) (5) (12) (19)
Payments of long-term debt (311) (2,188) (541) (2,250)
Financing costs (9) (49) (9) (49)
Proceeds from stock issued under stock plans 3 0 3 1
Tax withholding payments for vested restricted stock 0 (2) (3) (7)
Net Cash Provided by (Used in) Financing Activities (353) (56) (592) (136)
Net increase/(decrease) in cash and cash equivalents (49) 14 (573) (471)
Cash and cash equivalents at beginning of period 363 415 887 900
Cash and cash equivalents at end of period 314 429 314 429
Supplemental cash flow information        
Income taxes received/(paid), net (4) (5) (5) (8)
Interest received/(paid), net (59) (62) (163) (184)
Supplemental non-cash investing and financing activity        
Increase/(decrease) in other accounts payable related to purchases of property and equipment and software $ 1 $ (9) $ 6 $ 32