Best Buy 2015 Annual Report Download - page 66

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Table of Contents
59
Consolidated Statements of Cash Flows
$ in millions
12 Months Ended 11 Months
Ended
Fiscal Years Ended January 31,
2015 February 1,
2014 February 2,
2013
Operating Activities
Net earnings (loss) including noncontrolling interests $ 1,235 $ 523 $ (420)
Adjustments to reconcile net earnings (loss) to total cash provided by operating activities:
Depreciation 656 701 794
Amortization of definite-lived intangible assets — 15 38
Restructuring charges 23 259 449
Goodwill impairments — — 822
(Gain) Loss on sale of business (1) 143 —
Stock-based compensation 87 90 107
Deferred income taxes (297) (28) (19)
Other, net 8 62 41
Changes in operating assets and liabilities:
Receivables (19) 7 (551)
Merchandise inventories (141) 597 (912)
Other assets 29 (70) (65)
Accounts payable 434 (986) 1,735
Other liabilities (164) (273) (339)
Income taxes 85 54 (226)
Total cash provided by operating activities 1,935 1,094 1,454
Investing Activities
Additions to property and equipment, net of $14, $13 and $29 non-cash capital expenditures (561) (547) (705)
Purchases of investments (2,804) (230) (13)
Sales of investments 1,580 50 69
Acquisition of businesses, net of cash acquired — — (31)
Proceeds from sale of business, net of cash transferred 39 206 25
Change in restricted assets 29 5 101
Other, net 5 (1) 16
Total cash used in investing activities (1,712) (517) (538)
Financing Activities
Repurchase of common stock — — (122)
Issuance of common stock 50 171 25
Dividends paid (251) (233) (224)
Repayments of debt (24) (2,033) (1,614)
Proceeds from issuance of debt — 2,414 1,741
Other, net 2 — (17)
Total cash provided by (used in) financing activities (223) 319 (211)
Effect of Exchange Rate Changes on Cash (52) (44) (4)
Increase (Decrease) in Cash and Cash Equivalents (52) 852 701
Adjustment for Fiscal Year-end Change (Note 1) — — (74)
Increase (Decrease) in Cash and Cash Equivalents After Adjustment (52) 852 627
Cash and Cash Equivalents at Beginning of Year 2,678 1,826 1,199
Cash and Cash Equivalents at End of Year $ 2,626 $ 2,678 $ 1,826
Less Cash and Cash Equivalents Held for Sale (194) — —
Cash and Cash Equivalents at End of Period, Excluding Held for Sale $ 2,432 $ 2,678 $ 1,826
Supplemental Disclosure of Cash Flow Information
Income taxes paid $ 355 $ 332 $ 478
Interest paid 81 82 106
See Notes to Consolidated Financial Statements.