Best Buy 2016 Annual Report Download - page 66

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58
Consolidated Statements of Cash Flows
$ in millions
Fiscal Years Ended
January 30,
2016
January 31,
2015
February 1,
2014
Operating Activities
Net earnings including noncontrolling interests $ 897 $ 1,235 $ 523
Adjustments to reconcile net earnings to total cash provided by operating
activities:
Depreciation 657 656 701
Amortization of definite-lived intangible assets — — 15
Restructuring charges 201 23 259
(Gain) Loss on sale of business (99) (1) 143
Stock-based compensation 104 87 90
Deferred income taxes 49 (297) (28)
Other, net 38 8 62
Changes in operating assets and liabilities:
Receivables 123 (19) 7
Merchandise inventories 86 (141) 597
Other assets 36 29 (70)
Accounts payable (536) 434 (986)
Other liabilities (140) (164) (273)
Income taxes (94) 85 54
Total cash provided by operating activities 1,322 1,935 1,094
Investing Activities
Additions to property and equipment, net of $92, $14 and $13 of non-
cash capital expenditures (649)(561)(547)
Purchases of investments (2,281) (2,804) (230)
Sales of investments 2,427 1,580 50
Proceeds from sale of business, net of cash transferred 103 39 206
Change in restricted assets (47) 29 5
Other, net 28 5 (1)
Total cash used in investing activities (419) (1,712) (517)
Financing Activities
Repurchase of common stock (1,000) — —
Prepayment of accelerated share repurchase (55) — —
Issuance of common stock 47 50 171
Dividends paid (499) (251) (233)
Repayments of debt (28) (24) (2,033)
Proceeds from issuance of debt — — 2,414
Other, net 20 2 —
Total cash provided by (used in) financing activities (1,515) (223) 319
Effect of Exchange Rate Changes on Cash (38) (52) (44)
Increase (Decrease) in Cash and Cash Equivalents (650) (52) 852
Cash and Cash Equivalents at Beginning of Period, Excluding Held
for Sale 2,432 2,678 1,826
Cash and Cash Equivalents Held for Sale at Beginning of Period 194——
Cash and Cash equivalents at End of Period 1,976 2,626 2,678
Cash and Cash Equivalents Held for Sale at End of Period — (194) —
Cash and Cash Equivalents at End of Period, Excluding Held for Sale $ 1,976 $ 2,432 $ 2,678
Supplemental Disclosure of Cash Flow Information
Income taxes paid $ 550 $ 355 $ 332
Interest paid 77 81 82
See Notes to Consolidated Financial Statements.