Consolidated Statements of Cash Flows - 4Q 2004 (Unaudited)
(millions)
| |
52 Weeks Ended
January 29, 2005 |
52 Weeks Ended
January 31, 2004 |
| Cash flows from operating activities: |
| Net income |
$689 |
$693 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
| Depreciation and amortization |
734 |
706 |
| Amortization of financing costs |
6 |
3 |
| Amortization of unearned restricted stock |
3 |
4 |
| Changes in assets and liabilities: |
(Increase) decrease in proprietary and other accounts receivable
not separately identified |
17 |
(71) |
| Decrease in merchandise inventories |
95 |
143 |
| (Increase) decrease in supplies and prepaid expenses |
(5) |
25 |
| (Increase) decrease in other assets not separately identified |
(1) |
2 |
Increase (decrease) in accounts payable and accrued liabilities
not separately identified |
(24) |
60 |
| Increase (decrease) in current income taxes |
(6) |
284 |
| Increase in deferred income taxes |
59 |
3 |
| Decrease in other liabilities not separately identified |
(60) |
(76) |
| Net cash provided by operating activities |
1,507 |
1,776 |
| |
| Cash flows from investing activities: |
| Purchase of property and equipment |
(467) |
(508) |
| Capitalized software |
(81) |
(60) |
| Increase in non-proprietary accounts receivable |
(236) |
(186) |
| Collection of notes receivable |
30 |
- |
| Disposition of property and equipment |
27 |
6 |
| Net cash used by investing activities |
(727) |
(748) |
| |
| Cash flows from financing activities: |
| Debt issued |
186 |
164 |
| Debt repaid |
(365) |
(457) |
| Dividends paid |
(93) |
(69) |
| Increase (decrease) in outstanding checks |
38 |
(5) |
| Acquisition of treasury stock |
(901) |
(645) |
| Issuance of common stock |
298 |
193 |
| Net cash used by financing activities |
(837) |
(819) |
| |
| Net increase (decrease) in cash |
(57) |
209 |
| Cash at beginning of period |
925 |
716 |
| |
| Cash at end of period |
$868 |
$925 |
Note - Certain reclassifications were made to prior year's amounts to reflect increases in non-proprietary accounts receivable as cash used by investing activities instead of operating activities to conform with the classifications of such amounts for the most recent year.
Download Excel spreadsheet
Go to top of page
Historical Data:
Consolidated Financial Statements: