Home Depot 2001 Annual Report Download - page 29

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CONSOLIDATED STATEMENTS OF CASH FLOWS
27The Home Depot, Inc. and Subsidiaries
Fiscal Year Ended
amounts in millions February 3, 2002 January 28, 2001 January 30, 2000
CASH FLOWS FROM OPERATIONS:
Net Earnings $ 3,044 $ 2,581 $ 2,320
Reconciliation of Net Earnings to Net Cash Provided by Operations:
Depreciation and Amortization 764 601 463
Increase in Receivables, net (119) (246) (85)
Increase in Merchandise Inventories (166) (1,075) (1,142)
Increase in Accounts Payable and Accrued Liabilities 2,078 754 820
Increase in Income Taxes Payable 272 151 93
Other 90 30 (23)
Net Cash Provided by Operations 5,963 2,796 2,446
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital Expenditures, net of $5, $16 and $37 of non-cash capital
expenditures in fiscal 2001, 2000 and 1999, respectively (3,393) (3,558) (2,581)
Payments for Businesses Acquired, net (190) (26) (101)
Proceeds from Sale of Business, net 64 – –
Proceeds from Sales of Property and Equipment 126 95 87
Purchases of Investments (85) (39) (32)
Proceeds from Maturities of Investments 25 30 30
Other (13) (32) (25)
Net Cash Used in Investing Activities (3,466) (3,530) (2,622)
CASH FLOWS FROM FINANCING ACTIVITIES:
(Repayments) Issuance of Commercial Paper Obligations, net (754) 754 (246)
Proceeds from Long-Term Debt 532 32 522
Repayments of Long-Term Debt –(29) (14)
Proceeds from Sale of Common Stock, net 445 351 267
Cash Dividends Paid to Stockholders (396) (371) (255)
Minority Interest Contributions to Partnership – – 7
Net Cash (Used In) Provided by Financing Activities (173) 737 281
Effect of Exchange Rate Changes on Cash and Cash Equivalents (14) (4) 1
Increase (Decrease) in Cash and Cash Equivalents 2,310 (1) 106
Cash and Cash Equivalents at Beginning of Year 167 168 62
Cash and Cash Equivalents at End of Year $ 2,477 $ 167 $ 168
SUPPLEMENTAL DISCLOSURE OF CASH PAYMENTS MADE FOR:
Interest, net of interest capitalized $18 $16 $ 26
Income Taxes $ 1,685 $ 1,386 $ 1,396
See accompanying notes to consolidated financial statements.