Home Depot 2015 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2015 Home Depot annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 91

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91

Table of Contents
36
THE HOME DEPOT, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Fiscal Year Ended(1)
amounts in millions January 31,
2016 February 1,
2015 February 2,
2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Earnings $ 7,009 $ 6,345 $ 5,385
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities:
Depreciation and Amortization 1,863 1,786 1,757
Stock-Based Compensation Expense 244 225 228
Gain on Sales of Investments (144)(323) —
Changes in Assets and Liabilities, net of the effects of acquisitions:
Receivables, net (181)(81)(15)
Merchandise Inventories (546)(124)(455)
Other Current Assets (5)(199)(5)
Accounts Payable and Accrued Expenses 888 244 605
Deferred Revenue 109 146 75
Income Taxes Payable 154 168 119
Deferred Income Taxes 15 159 (31)
Other (33)(104)(35)
Net Cash Provided by Operating Activities 9,373 8,242 7,628
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital Expenditures, net of $165, $217 and $46 of non-cash capital
expenditures in fiscal 2015, 2014 and 2013, respectively (1,503)(1,442)(1,389)
Proceeds from Sales of Investments 144 323 —
Payments for Businesses Acquired, net (1,666)(200)(206)
Proceeds from Sales of Property and Equipment 43 48 88
Net Cash Used in Investing Activities (2,982)(1,271)(1,507)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Short-Term Borrowings, net 60 290 —
Proceeds from Long-Term Borrowings, net of discounts 3,991 1,981 5,222
Repayments of Long-Term Debt (39)(39)(1,289)
Repurchases of Common Stock (7,000)(7,000)(8,546)
Proceeds from Sales of Common Stock 228 252 241
Cash Dividends Paid to Stockholders (3,031)(2,530)(2,243)
Other Financing Activities 4(25)(37)
Net Cash Used in Financing Activities (5,787)(7,071)(6,652)
Change in Cash and Cash Equivalents 604 (100)(531)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (111)(106)(34)
Cash and Cash Equivalents at Beginning of Year 1,723 1,929 2,494
Cash and Cash Equivalents at End of Year $ 2,216 $ 1,723 $ 1,929
SUPPLEMENTAL DISCLOSURE OF CASH PAYMENTS MADE FOR:
Interest, net of interest capitalized $ 874 $ 782 $ 639
Income Taxes $ 3,853 $ 3,435 $ 2,839
—————
(1) Fiscal years ended January 31, 2016, February 1, 2015 and February 2, 2014 include 52 weeks.
See accompanying Notes to Consolidated Financial Statements.