Home Depot 2013 Annual Report Download - page 39

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34
THE HOME DEPOT, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Fiscal Year Ended(1)
amounts in millions February 2,
2014 February 3,
2013 January 29,
2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Earnings $ 5,385 $ 4,535 $ 3,883
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities:
Depreciation and Amortization 1,757 1,684 1,682
Stock-Based Compensation Expense 228 218 215
Goodwill Impairment —97 —
Changes in Assets and Liabilities, net of the effects of acquisitions and
disposition:
Receivables, net (15)(143)(170)
Merchandise Inventories (455)(350) 256
Other Current Assets (5)93 159
Accounts Payable and Accrued Expenses 605 698 422
Deferred Revenue 75 121 (29)
Income Taxes Payable 119 87 14
Deferred Income Taxes (31)107 170
Other Long-Term Liabilities 13 (180)(2)
Other (48)8 51
Net Cash Provided by Operating Activities 7,628 6,975 6,651
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital Expenditures, net of $46, $98 and $25 of non-cash capital expenditures
in fiscal 2013, 2012 and 2011, respectively (1,389)(1,312)(1,221)
Proceeds from Sale of Business, net —— 101
Payments for Businesses Acquired, net (206)(170)(65)
Proceeds from Sales of Property and Equipment 88 50 56
Net Cash Used in Investing Activities (1,507)(1,432)(1,129)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Long-Term Borrowings, net of discount 5,222 — 1,994
Repayments of Long-Term Debt (1,289)(32)(1,028)
Repurchases of Common Stock (8,546)(3,984)(3,470)
Proceeds from Sales of Common Stock 241 784 306
Cash Dividends Paid to Stockholders (2,243)(1,743)(1,632)
Other Financing Activities (37)(59)(218)
Net Cash Used in Financing Activities (6,652)(5,034)(4,048)
Change in Cash and Cash Equivalents (531)509 1,474
Effect of Exchange Rate Changes on Cash and Cash Equivalents (34)(2)(32)
Cash and Cash Equivalents at Beginning of Year 2,494 1,987 545
Cash and Cash Equivalents at End of Year $ 1,929 $ 2,494 $ 1,987
SUPPLEMENTAL DISCLOSURE OF CASH PAYMENTS MADE FOR:
Interest, net of interest capitalized $ 639 $ 617 $ 580
Income Taxes $ 2,839 $ 2,482 $ 1,865
—————
(1) Fiscal years ended February 2, 2014 and January 29, 2012 include 52 weeks. Fiscal year ended February 3, 2013
includes 53 weeks.
See accompanying Notes to Consolidated Financial Statements.