| Jan'20 | Feb'19 | Feb'18 | Feb'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 | Jan'10 | Jan'09 | Jan'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net earnings | ||||||||||||
4,281 | 2,314 | 3,447 | 3,093 | 2,546 | 2,698 | 2,286 | 1,959 | 1,839 | 2,010 | 1,783 | 2,195 | 2,809 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
1,410 | 1,607 | 1,540 | 1,590 | 1,587 | 1,586 | 1,562 | 1,623 | 1,579 | 1,684 | 1,733 | 1,667 | 1,464 |
Noncash lease expense | ||||||||||||
468 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||||
177 | -151 | 53 | 28 | -68 | -124 | -162 | -140 | 54 | -133 | -123 | 69 | 2 |
Loss on property and other assets - net | ||||||||||||
-117 | -630 | -40 | -143 | -30 | -25 | -64 | -83 | -456 | -103 | -193 | -89 | -51 |
Goodwill, Impairment Loss | ||||||||||||
0 | 952 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Loss on extinguishment of debt | ||||||||||||
0 | 0 | -464 | 0 | 0 | - | - | - | - | - | - | -8 | 0 |
Loss/(gain) on cost method and equity method investments | ||||||||||||
-12 | -9 | 82 | -302 | -594 | -57 | -52 | -48 | -12 | -4 | - | - | - |
Share-based payment expense | ||||||||||||
98 | 74 | 99 | 90 | 117 | 119 | 100 | 100 | 107 | 115 | 102 | 95 | 99 |
Changes in operating assets and liabilities: | ||||||||||||
Merchandise inventory – net | ||||||||||||
600 | 1,289 | 791 | 178 | 582 | -170 | 396 | 244 | 33 | 64 | 28 | 611 | 464 |
Other operating assets | ||||||||||||
376 | 110 | -250 | 183 | 34 | -83 | 5 | 87 | -125 | 146 | -7 | -31 | 64 |
Accounts payable | ||||||||||||
-637 | 1,720 | -92 | 653 | 524 | 127 | 291 | 303 | -5 | 60 | 175 | 402 | 185 |
Other operating liabilities | ||||||||||||
-654 | 437 | 137 | 79 | 70 | 188 | 319 | 117 | 215 | 219 | 212 | 177 | 265 |
Net cash provided by operating activities | ||||||||||||
4,296 | 6,193 | 5,065 | 5,617 | 4,784 | 4,929 | 4,111 | 3,762 | 4,349 | 3,852 | 4,054 | 4,122 | 4,347 |
Cash flows from investing activities: | ||||||||||||
Purchases of investments | ||||||||||||
743 | 1,373 | 981 | 1,192 | 934 | 820 | 759 | 1,444 | - | - | - | - | - |
Proceeds from sale/maturity of investments | ||||||||||||
695 | 1,393 | 1,114 | 1,254 | 884 | 805 | 709 | 1,837 | 1,433 | 2,605 | 1,827 | 1,358 | - |
Proceeds from sale/maturity of investments | ||||||||||||
- | - | - | - | - | - | - | - | 2,120 | 1,822 | 1,784 | 1,425 | - |
Capital expenditures | ||||||||||||
1,484 | 1,174 | 1,123 | 1,167 | 1,197 | 880 | 940 | 1,211 | 1,829 | 1,329 | 1,799 | 3,266 | 4,010 |
Contributions to equity method investments - net | ||||||||||||
- | - | - | - | 125 | 241 | 173 | 219 | 232 | 83 | 60 | - | - |
Proceeds from sale of property and other long-term assets | ||||||||||||
163 | 76 | 45 | 37 | 57 | 52 | 75 | 130 | 52 | 25 | 18 | 29 | 57 |
Purchases of derivative instruments | ||||||||||||
- | - | - | 103 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from settlement of derivative instruments | ||||||||||||
- | - | - | 179 | 0 | 0 | - | - | - | - | - | - | - |
Acquisition of business - net | ||||||||||||
0 | 0 | 509 | 2,356 | 0 | 0 | 203 | 0 | 100 | - | - | - | - |
Purchases of short-term investments | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 920 |
Proceeds from sale/maturity of short-term investments | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 1,183 |
Purchases of long-term investments | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 1,588 |
Proceeds from sale/maturity of long-term investments | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 1,162 |
Other – net | ||||||||||||
0 | 2 | -13 | 13 | 28 | 4 | -5 | -4 | 15 | 14 | 2 | 56 | 7 |
Net cash used in investing activities | ||||||||||||
-1,369 | -1,080 | -1,441 | -3,361 | -1,343 | -1,088 | -1,286 | -903 | -1,437 | -2,184 | -1,886 | -3,226 | -4,123 |
Cash flows from financing activities: | ||||||||||||
Net change in commercial paper | ||||||||||||
220 | -415 | 625 | 466 | 43 | -386 | 386 | 0 | 0 | - | -1,007 | -57 | 1,041 |
Net proceeds from issuance of debt | ||||||||||||
3,972 | 0 | 2,968 | 3,267 | 1,718 | 1,239 | 985 | 1,984 | 993 | 1,985 | 10 | 15 | 1,296 |
Repayment of long-term debt | ||||||||||||
1,113 | 326 | 2,849 | 1,173 | 552 | 48 | 47 | 591 | 37 | 552 | 37 | 573 | 96 |
Proceeds from issuance of common stock under share-based payment plans | ||||||||||||
118 | 114 | 139 | 139 | 125 | 137 | 165 | 349 | 100 | 104 | 128 | 174 | 80 |
Proceeds from issuance of common stock from stock options exercised | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 69 |
Cash dividend payments | ||||||||||||
1,618 | 1,455 | 1,288 | 1,121 | 957 | 822 | 733 | 704 | 647 | 571 | 391 | 491 | 428 |
Repurchase of common stock | ||||||||||||
4,313 | 3,037 | 3,192 | 3,595 | 3,925 | 3,905 | 3,710 | 4,393 | 2,937 | 2,618 | 504 | 8 | 2,275 |
Other – net | ||||||||||||
-1 | -5 | -10 | -75 | 55 | 24 | -15 | 22 | -21 | 1 | 0 | 1 | 6 |
Net cash used in financing activities | ||||||||||||
-2,735 | -5,124 | -3,607 | -2,092 | -3,493 | -3,761 | -2,969 | -3,333 | -2,549 | -1,651 | -1,801 | -939 | -307 |
Effect of exchange rate changes on cash | ||||||||||||
1 | -12 | 13 | -11 | -9 | -5 | -6 | 1 | -1 | 3 | 20 | 7 | 0 |
Net increase/(decrease) in cash and cash equivalents, including cash classified within current assets held for sale | ||||||||||||
193 | -23 | 30 | 153 | - | - | - | - | - | - | - | - | - |
Less: Net increase/(decrease) in cash classified within current assets held for sale | ||||||||||||
-12 | 54 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Net increase/(decrease) in cash and cash equivalents | ||||||||||||
205 | -77 | 30 | 153 | -61 | 75 | -150 | -473 | 362 | 20 | 387 | -36 | -83 |