Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Feb. 02, 2019
Feb. 03, 2018
Jan. 28, 2017
Cash flows from operating activities:      
Net income $ 1,098 $ 1,555 $ 619
Adjustments to reconcile net income to net cash provided by operating activities:      
Restructuring, impairment, store closing and other costs 136 186 479
Settlement charges 88 105 98
Depreciation and amortization 962 991 1,058
Stock-based compensation expense 63 58 61
Gains on sale of real estate (389) (544) (209)
Amortization of financing costs and premium on acquired debt (15) (45) (14)
Changes in assets and liabilities:      
(Increase) decrease in receivables (61) 120 (1)
(Increase) decrease in merchandise inventories (87) 221 107
Decrease in prepaid expenses and other current assets 21 17 37
Increase (decrease) in merchandise accounts payable 55 162 (132)
Increase (decrease) in accounts payable, accrued liabilities and other items not separately identified 44 (186) (185)
Increase (decrease) in current income taxes (136) (114) 125
Increase (decrease) in deferred income taxes 112 (421) (134)
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net (156) (129) (108)
Net cash provided by operating activities 1,735 1,976 1,801
Cash flows from investing activities:      
Purchase of property and equipment (657) (487) (596)
Capitalized software (275) (273) (316)
Disposition of property and equipment 474 411 673
Other, net 2 (2) (4)
Net cash used by investing activities (456) (351) (243)
Cash flows from financing activities:      
Repayments of Debt (1,149) (988) (754)
Dividends paid (463) (461) (459)
Increase (decrease) in outstanding checks 16 (15) 61
Acquisition of treasury stock 0 (1) (316)
Issuance of common stock 45 6 36
Proceeds from noncontrolling interest 7 13 6
Net cash used by financing activities (1,544) (1,446) (1,426)
Net increase (decrease) in cash, cash equivalents and restricted cash (265) 179 132
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period 1,513 1,334 1,202
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period 1,248 1,513 1,334
Supplemental cash flow information:      
Interest paid 328 361 396
Interest received 25 12 4
Income taxes paid (net of refunds received) $ 345 $ 496 $ 352