Macy's 2013 Annual Report Download - page 94
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Table of Contents
Cash flows from operating activities:
Net income $1,486
$611
$1,438
$(2,049)
$1,486
Impairments, store closing and other costs
and gain on sale of leases —
37
51
—
88
Equity in earnings of subsidiaries (1,492)
(557)
—
2,049
—
Dividends received from subsidiaries 911
4
—
(915)
—
Depreciation and amortization —
467
553
—
1,020
(Increase) decrease in working capital (54)
12
(111)
—
(153)
Other, net (25)
158
(25)
—
108
Net cash provided by
operating activities 826
732
1,906
(915)
2,549
Cash flows from investing activities:
Purchase of property and equipment and capitalized
software, net —
(289)
(442)
—
(731)
Other, net —
(6)
(51)
—
(57)
Net cash used by investing activities —
(295)
(493)
—
(788)
Cash flows from financing activities:
Debt issued, net of debt repaid —
278
(2)
—
276
Dividends paid (359)
—
(915)
915
(359)
Common stock acquired, net of
issuance of common stock (1,256)
—
—
—
(1,256)
Intercompany activity, net 1,310
(728)
(582)
—
—
Other, net (104)
56
63
—
15
Net cash used by financing activities (409)
(394)
(1,436)
915
(1,324)
Net increase (decrease) in cash
and cash equivalents 417
43
(23)
—
437
Cash and cash equivalents at
beginning of period 1,538
41
257
—
1,836
Cash and cash equivalents at
end of period $1,955
$84
$234
$ —
$ 2,273
F-48