Lowe's 2005 Annual Report Download - page 33
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(Inmillions)
February3, January28, January30,
Yearsendedon
2006 2005 2004
Cashflowsfromoperatingactivities:
Netearnings $ 2,771 $ 2,176 $ 1,844
Adjustmentstoreconcileearningstonetcashprovidedbyoperatingactivities:
Depreciationandamortization 1,051 926 807
Deferredincometaxes (33) 109 157
Lossondisposition/writedownoffixedandotherassets 31 55 31
Stock-basedcompensationexpense 76 70 51
Taxeffectofstockoptionsexercised 59 33 31
Changesinoperatingassetsandliabilities:
Accountsreceivable–net (9) 125 23
Merchandiseinventory–net (795) (1,374) (607)
Otheroperatingassets (29) 31 (10)
Accountspayable 137 483 421
Otheroperatingliabilities 583 439 286
Netcashprovidedbyoperatingactivities 3,842 3,073 3,034
Cashflowsfrominvestingactivities:
Purchasesofshort-terminvestments (1,829) (1,180) (2,759)
Proceedsfromsale/maturityofshort-terminvestments 1,802 1,799 2,828
Purchasesoflong-terminvestments (354) (156) (381)
Proceedsfromsale/maturityoflong-terminvestments 55 28 193
Increaseinotherlong-termassets (30) (12) (95)
Fixedassetsacquired (3,379) (2,927) (2,345)
Proceedsfromthesaleoffixedandotherlong-termassets 61 86 72
Netcashusedininvestingactivities (3,674) (2,362) (2,487)
Cashflowsfromfinancingactivities:
Netdecreaseinshort-termborrowings – – (50)
Proceedsfromissuanceoflong-termdebt 1,013 – –
Repaymentoflong-termdebt (633) (82) (29)
Proceedsfromemployeestockpurchaseplan 65 61 52
Proceedsfromstockoptionsexercised 225 90 97
Cashdividendpayments (171) (116) (87)
Repurchaseofcommonstock (774) (1,000) –
Netcashusedinfinancingactivities (275) (1,047) (17)
Net(decrease)increaseincashandcashequivalents (107) (336) 530
Cashandcashequivalents,beginningofyear 530 866 336
Cashandcashequivalents,endofyear $ 423 $ 530 $ 866
Seeaccompanyingnotestotheconsolidatedfinancialstatements.
Lowe’sCompanies,Inc.
ConsolidatedStatementsofCashFlows