Home Depot 2012 Annual Report Download - page 40

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34
THE HOME DEPOT, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Fiscal Year Ended(1)
amounts in millions February 3,
2013 January 29,
2012 January 30,
2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Earnings $ 4,535 $ 3,883 $ 3,338
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities:
Depreciation and Amortization 1,684 1,682 1,718
Stock-Based Compensation Expense 218 215 214
Goodwill Impairment 97 — —
Changes in Assets and Liabilities, net of the effects of acquisitions and
disposition:
Receivables, net (143)(170)(102)
Merchandise Inventories (350)256 (355)
Other Current Assets 93 159 12
Accounts Payable and Accrued Expenses 698 422 (133)
Deferred Revenue 121 (29) 10
Income Taxes Payable 87 14 (85)
Deferred Income Taxes 107 170 104
Other Long-Term Liabilities (180)(2)(61)
Other 851 (75)
Net Cash Provided by Operating Activities 6,975 6,651 4,585
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital Expenditures, net of $98, $25 and $62 of non-cash capital expenditures
in fiscal 2012, 2011 and 2010, respectively (1,312)(1,221)(1,096)
Proceeds from Sale of Business, net —101 —
Payments for Businesses Acquired, net (170)(65) —
Proceeds from Sales of Property and Equipment 50 56 84
Net Cash Used in Investing Activities (1,432)(1,129)(1,012)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Long-Term Borrowings, net of discount —1,994 998
Repayments of Long-Term Debt (32)(1,028)(1,029)
Repurchases of Common Stock (3,984)(3,470)(2,608)
Proceeds from Sales of Common Stock 784 306 104
Cash Dividends Paid to Stockholders (1,743)(1,632)(1,569)
Other Financing Activities (59)(218)(347)
Net Cash Used in Financing Activities (5,034)(4,048)(4,451)
Change in Cash and Cash Equivalents 509 1,474 (878)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (2)(32) 2
Cash and Cash Equivalents at Beginning of Year 1,987 545 1,421
Cash and Cash Equivalents at End of Year $ 2,494 $ 1,987 $ 545
SUPPLEMENTAL DISCLOSURE OF CASH PAYMENTS MADE FOR:
Interest, net of interest capitalized $ 617 $ 580 $ 579
Income Taxes $ 2,482 $ 1,865 $ 2,067
—————
(1) Fiscal year ended February 3, 2013 includes 53 weeks. Fiscal years ended January 29, 2012 and January 30, 2011
include 52 weeks.
See accompanying Notes to Consolidated Financial Statements.