Home Depot 2000 Annual Report Download - page 25

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Consolidated Statements of Cash Flows
The Home Depot, Inc. and Subsidiaries
22
23
amounts in millions Fiscal Year Ended
January 28, 2001 January 30, 2000 January 31, 1999
Cash Provided from Operations:
Net Earnings
$ 2,581
$ 2,320 $ 1,614
Reconciliation of Net Earnings to Net Cash Provided by Operations:
Depreciation and Amortization
601
463 373
(Increase) Decrease in Receivables, net
(246)
(85) 85
Increase in Merchandise Inventories
(1,075)
(1,142) (698)
Increase in Accounts Payable and Accrued Expenses
754
820 423
Increase in Income Taxes Payable
151
93 59
Other
30
(23) 61
Net Cash Provided by Operations
2,796
2,446 1,917
Cash Flows from Investing Activities:
Capital Expenditures, net of $16, $37 and $41 of non-cash capital expenditures
in fiscal 2000, 1999 and 1998, respectively
(3,558)
(2,581) (2,053)
Purchase of Remaining Interest in The Home Depot Canada
–
– (261)
Payments for Businesses Acquired, net
(26)
(101) (6)
Proceeds from Sales of Property and Equipment
95
87 45
Purchases of Investments
(39)
(32) (2)
Proceeds from Maturities of Investments
30
30 4
Advances Secured by Real Estate, net
(32)
(25) 2
Net Cash Used in Investing Activities
(3,530)
(2,622) (2,271)
Cash Flows from Financing Activities:
Issuance (Repayments) of Commercial Paper Obligations, net
754
(246) 246
Proceeds from Long-Term Borrowings
32
522 –
Repayments of Long-Term Debt
(29)
(14) (8)
Proceeds from Sale of Common Stock, net
351
267 167
Cash Dividends Paid to Stockholders
(371)
(255) (168)
Minority Interest Contributions to Partnership
–
711
Net Cash Provided by Financing Activities
737
281 248
Effect of Exchange Rate Changes on Cash and Cash Equivalents
(4)
1(4)
(Decrease) Increase in Cash and Cash Equivalents
(1)
106 (110)
Cash and Cash Equivalents at Beginning of Year
168
62 172
Cash and Cash Equivalents at End of Year
$ 167
$ 168 $ 62
Supplemental Disclosure of Cash Payments Made for:
Interest, net of interest capitalized
$16
$26 $36
Income Taxes
$ 1,386
$ 1,396 $ 940
See accompanying notes to consolidated financial statements.