Kohl's 2010 Annual Report Download - page 50

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Table of Contents



  

Net income  $991 $885
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization  590 541
Share-based compensation  64 55
Excess tax benefits from share-based compensation   3 —
Deferred income taxes  52 84
Other non-cash revenues and expenses  52 49
Changes in operating assets and liabilities:
Merchandise inventories  (119) 60
Other current and long-term assets  (13) (40)
Accounts payable  306 48
Accrued and other long-term liabilities   234 42
Income taxes  74 (26)
Net cash provided by operating activities  2,234 1,698

Acquisition of property and equipment and favorable lease rights  (666) (1,014)
Purchases of investments in auction rate securities   — (53)
Sales of investments in auction rate securities  28 93
Other   (2) 11
Net cash used in investing activities  (640) (963)

Treasury stock purchases  (1) (262)
Capital lease payments  (17) (16)
Proceeds from stock option exercises  51 5
Excess tax benefits from share-based compensation  (3) —
Net cash (used in) provided by financing activities  30 (273)
Net increase in cash and cash equivalents  1,624 462
Cash and cash equivalents at beginning of year  643 181
Cash and cash equivalents at end of year  $2,267 $643
See accompanying Notes to Consolidated Financial Statements
F-6