Kohl's 2010 Annual Report Download - page 50
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Net income $991 $885
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 590 541
Share-based compensation 64 55
Excess tax benefits from share-based compensation 3 —
Deferred income taxes 52 84
Other non-cash revenues and expenses 52 49
Changes in operating assets and liabilities:
Merchandise inventories (119) 60
Other current and long-term assets (13) (40)
Accounts payable 306 48
Accrued and other long-term liabilities 234 42
Income taxes 74 (26)
Net cash provided by operating activities 2,234 1,698
Acquisition of property and equipment and favorable lease rights (666) (1,014)
Purchases of investments in auction rate securities — (53)
Sales of investments in auction rate securities 28 93
Other (2) 11
Net cash used in investing activities (640) (963)
Treasury stock purchases (1) (262)
Capital lease payments (17) (16)
Proceeds from stock option exercises 51 5
Excess tax benefits from share-based compensation (3) —
Net cash (used in) provided by financing activities 30 (273)
Net increase in cash and cash equivalents 1,624 462
Cash and cash equivalents at beginning of year 643 181
Cash and cash equivalents at end of year $2,267 $643
See accompanying Notes to Consolidated Financial Statements
F-6