Macy's 2013 Annual Report Download - page 99
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Table of Contents
Cash flows from operating activities:
Net income $1,256
$515
$1,286
$(1,801)
$1,256
Impairments, store closing and other costs
and gain on sale of leases —
(28)
3
—
(25)
Equity in earnings of subsidiaries (1,253)
(548)
—
1,801
—
Dividends received from subsidiaries 612
175
—
(787)
—
Depreciation and amortization —
517
568
—
1,085
(Increase) decrease in working capital 5
(59)
81
—
27
Other, net (18)
(166)
14
—
(170)
Net cash provided by
operating activities 602
406
1,952
(787)
2,173
Cash flows from investing activities:
Purchase of property and equipment and capitalized
software, net —
(171)
(473)
—
(644)
Other, net 38
(35)
(56)
—
(53)
Net cash provided (used) by
investing activities 38
(206)
(529)
—
(697)
Cash flows from financing activities:
Debt issued, net of debt repaid —
349
(3)
—
346
Dividends paid (148)
—
(787)
787
(148)
Common stock acquired, net of
issuance of common stock (340)
—
—
—
(340)
Intercompany activity, net 1,186
(529)
(657)
—
—
Other, net 21
(23)
31
—
29
Net cash provided (used) by
financing activities 719
(203)
(1,416)
787
(113)
Net increase (decrease) in cash
and cash equivalents 1,359
(3)
7
—
1,363
Cash and cash equivalents at
beginning of period 1,174
41
249
—
1,464
Cash and cash equivalents at
end of period $ 2,533
$38
$256
$ —
$2,827
F-53