Macy's 2015 Annual Report Download - page 104
Download and view the complete annual report
Please find page 104 of the 2015 Macy's 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.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-55
MACY’S, INC.
Condensed Consolidating Statement of Cash Flows
For 2013
(millions)
Parent
Subsidiary
Issuer
Other
Subsidiaries
Consolidating
Adjustments Consolidated
Cash flows from operating activities:
Net income..................................................... $ 1,486 $ 611 $ 1,438 $ (2,049) $ 1,486
Impairments, store closing and other costs.... — 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 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 repaid, net of debt issued ...................... — 278 (2) — 276
Dividends paid............................................... (359) — (915) 915 (359)
Common stock acquired, net of
issuance of common stock ......................... (1,256) — — — (1,256)
Proceeds from noncontrolling interest........... —————
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