Macy's 2013 Annual Report Download - page 97
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Table of Contents
Cash flows from operating activities:
Net income $ 1,335
$ 574
$ 1,406
$ (1,980)
$ 1,335
Impairments, store closing and other costs
and gain on sale of leases —
8
(3)
—
5
Equity in earnings of subsidiaries (1,342)
(638)
—
1,980
—
Dividends received from subsidiaries 783
125
—
(908)
—
Depreciation and amortization —
484
565
—
1,049
Increase in working capital (76)
(75)
(66)
—
(217)
Other, net 31
(31)
7
—
7
Net cash provided by
operating activities 731
447
1,909
(908)
2,179
Cash flows from investing activities:
Purchase of property and equipment and capitalized
software, net —
(324)
(552)
—
(876)
Other, net —
51
44
—
95
Net cash used by
investing activities —
(273)
(508)
—
(781)
Cash flows from financing activities:
Debt repaid, net of debt issued —
(799)
(4)
—
(803)
Dividends paid (324)
—
(908)
908
(324)
Common stock acquired, net of
issuance of common stock (1,163)
—
—
—
(1,163)
Intercompany activity, net (194)
642
(448)
—
—
Other, net (45)
(14)
(40)
—
(99)
Net cash used by financing activities (1,726)
(171)
(1,400)
908
(2,389)
Net increase (decrease) in
cash and cash equivalents (995)
3
1
—
(991)
Cash and cash equivalents at
beginning of period 2,533
38
256
—
2,827
Cash and cash equivalents at
end of period $1,538
$41
$257
$ —
$1,836
F-51