Macy's, inc. (M)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Oct'18Aug'18May'18Feb'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10Jan'10Oct'09Jul'09Apr'09
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

340,000

1,000

87,000

136,000

740,000

62,000

165,000

131,000

1,343,000

27,000

108,000

77,000

480,000

15,000

9,000

115,000

543,000

117,000

217,000

193,000

793,000

217,000

292,000

224,000

811,000

177,000

281,000

217,000

730,000

145,000

279,000

181,000

745,000

139,000

241,000

131,000

667,000

10,000

147,000

23,000

445,000

-35,000

7,000

-88,000

Adjustments to reconcile net income to net cash provided by operating activities:
Restructuring, Settlement and Impairment Provisions

338,000

13,000

2,000

1,000

97,000

3,000

17,000

19,000

153,000

33,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Division consolidation costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,000

34,000

138,000

Depreciation and amortization

256,000

253,000

236,000

236,000

244,000

248,000

235,000

235,000

250,000

254,000

244,000

243,000

271,000

267,000

260,000

260,000

270,000

271,000

261,000

259,000

266,000

263,000

254,000

253,000

259,000

257,000

253,000

251,000

267,000

269,000

257,000

256,000

267,000

282,000

268,000

268,000

285,000

290,000

288,000

287,000

305,000

301,000

301,000

303,000

Benefit plans

8,000

8,000

7,000

8,000

-43,000

23,000

41,000

9,000

-

-

-

-

17,000

62,000

6,000

13,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Income Taxes

-

8,000

10,000

7,000

-

-

-

19,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

-2,000

12,000

14,000

14,000

15,000

17,000

14,000

17,000

12,000

15,000

18,000

13,000

5,000

19,000

21,000

16,000

0

18,000

29,000

18,000

18,000

17,000

17,000

21,000

14,000

16,000

15,000

17,000

14,000

16,000

10,000

21,000

16,000

17,000

21,000

16,000

11,000

23,000

3,000

29,000

11,000

23,000

15,000

27,000

Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property

95,000

18,000

6,000

43,000

278,000

41,000

46,000

24,000

368,000

65,000

43,000

68,000

133,000

41,000

21,000

14,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

468,000

-21,000

15,000

-41,000

179,000

-71,000

79,000

-53,000

-20,000

1,000

14,000

6,000

0

-27,000

6,000

-8,000

99,000

6,000

42,000

-5,000

0

-49,000

11,000

24,000

9,000

-66,000

-27,000

-69,000

-141,000

-58,000

-58,000

16,000

-213,000

54,000

79,000

-43,000

Amortization of financing costs and premium on acquired debt

-

-

-

-

-

-

-

-

-

-

-

-

0

-13,000

0

-1,000

0

-12,000

-1,000

-1,000

-1,000

-1,000

-1,000

-2,000

-1,000

-2,000

-3,000

-2,000

-6,000

-3,000

-12,000

5,000

-27,000

4,000

12,000

-4,000

-4,000

-33,000

6,000

6,000

-40,000

29,000

-6,000

-6,000

Changes in assets and liabilities:
(Increase) decrease in receivables

233,000

-64,000

3,000

-163,000

224,000

-75,000

17,000

-105,000

154,000

-155,000

51,000

-170,000

238,000

-138,000

59,000

-158,000

271,000

-134,000

75,000

-167,000

132,000

-68,000

77,000

-163,000

160,000

-61,000

37,000

-78,000

84,000

-77,000

81,000

-95,000

65,000

8,000

77,000

-113,000

98,000

-43,000

-75,000

71,000

83,000

-66,000

70,000

-94,000

(Increase) decrease in merchandise inventories

-2,068,000

2,227,000

-469,000

235,000

-1,882,000

2,190,000

-336,000

115,000

-1,886,000

2,084,000

-646,000

227,000

-2,188,000

2,265,000

-416,000

232,000

-2,465,000

2,475,000

-433,000

483,000

-2,276,000

2,373,000

-481,000

340,000

-2,159,000

2,359,000

-274,000

323,000

-1,900,000

2,172,000

-429,000

348,000

-2,041,000

2,210,000

-211,000

401,000

-1,772,000

1,897,000

-288,000

306,000

-1,791,000

1,772,000

-392,000

257,000

Decrease in prepaid expenses and other current assets

-76,000

6,000

-25,000

6,000

-5,000

13,000

-49,000

20,000

17,000

25,000

-75,000

16,000

-74,000

-3,000

18,000

22,000

-36,000

7,000

-13,000

42,000

-1,000

-10,000

-17,000

31,000

-23,000

4,000

-10,000

31,000

65,000

2,000

1,000

-61,000

-15,000

8,000

-4,000

28,000

-3,000

-2,000

-28,000

43,000

7,000

-15,000

-22,000

27,000

Increase in merchandise accounts payable

-1,608,000

1,593,000

-192,000

247,000

-1,609,000

1,445,000

-196,000

415,000

-1,468,000

1,369,000

-312,000

573,000

-1,797,000

1,358,000

-118,000

425,000

-1,851,000

1,459,000

-377,000

691,000

-1,956,000

1,659,000

-352,000

628,000

-2,054,000

1,713,000

-312,000

754,000

-1,918,000

1,649,000

-428,000

720,000

-1,880,000

1,511,000

-143,000

655,000

-1,628,000

1,316,000

-236,000

639,000

-1,662,000

1,312,000

-137,000

516,000

Increase in other assets not separately identified

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

0

0

15,000

15,000

17,000

14,000

2,000

0

0

-1,000

0

-1,000

-1,000

-21,000

34,000

-38,000

-4,000

2,000

-36,000

0

35,000

-1,000

2,000

11,000

0

3,000

Increase (decrease) in accounts payable and accrued liabilities

213,000

149,000

-103,000

-516,000

210,000

296,000

-39,000

-453,000

191,000

192,000

-59,000

-545,000

195,000

254,000

-135,000

-499,000

501,000

241,000

-113,000

-513,000

427,000

233,000

-71,000

-460,000

368,000

240,000

-106,000

-454,000

290,000

268,000

-141,000

-450,000

329,000

277,000

-82,000

-415,000

200,000

267,000

-59,000

-453,000

260,000

197,000

-179,000

-479,000

Decrease in current income taxes

108,000

-19,000

-157,000

8,000

165,000

-30,000

-296,000

25,000

207,000

-19,000

-305,000

3,000

412,000

-83,000

42,000

-246,000

125,000

38,000

-10,000

-222,000

183,000

-6,000

14,000

-256,000

284,000

11,000

-24,000

-264,000

266,000

-69,000

54,000

-267,000

305,000

-53,000

50,000

-114,000

175,000

-50,000

2,000

-12,000

96,000

-5,000

183,000

-234,000

Change in other assets and liabilities

51,000

21,000

2,000

58,000

26,000

36,000

53,000

41,000

22,000

42,000

38,000

27,000

32,000

115,000

-21,000

-18,000

176,000

-13,000

-18,000

-8,000

13,000

6,000

11,000

-20,000

40,000

51,000

57,000

49,000

-109,000

23,000

7,000

4,000

-156,000

-7,000

0

-221,000

-425,000

5,000

26,000

-363,000

-203,000

-79,000

-60,000

-30,000

Net cash provided by operating activities

1,436,000

-178,000

388,000

-38,000

1,306,000

-115,000

222,000

322,000

1,577,000

-147,000

309,000

237,000

1,493,000

-252,000

552,000

8,000

1,706,000

-120,000

345,000

53,000

1,868,000

105,000

562,000

174,000

1,730,000

155,000

366,000

298,000

1,290,000

251,000

373,000

265,000

1,546,000

40,000

520,000

67,000

1,160,000

58,000

437,000

-149,000

1,344,000

-14,000

423,000

-3,000

Cash flows from investing activities:
Purchase of property and equipment

279,000

245,000

174,000

204,000

189,000

193,000

143,000

132,000

128,000

112,000

130,000

117,000

145,000

158,000

140,000

153,000

186,000

224,000

187,000

180,000

223,000

212,000

184,000

151,000

226,000

175,000

141,000

65,000

234,000

154,000

142,000

168,000

196,000

195,000

103,000

61,000

136,000

101,000

66,000

36,000

117,000

88,000

93,000

57,000

Capitalized software

66,000

66,000

63,000

60,000

66,000

76,000

75,000

58,000

82,000

66,000

65,000

60,000

86,000

79,000

76,000

75,000

87,000

105,000

81,000

63,000

108,000

74,000

67,000

49,000

76,000

70,000

60,000

50,000

75,000

60,000

155,000

-46,000

68,000

53,000

121,000

-33,000

-61,000

-41,000

-40,000

-24,000

-41,000

-23,000

-23,000

-18,000

Acquisition of Bluemercury, Inc., net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

212,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Disposition of property and equipment

112,000

14,000

25,000

34,000

353,000

33,000

65,000

23,000

199,000

62,000

54,000

96,000

535,000

71,000

51,000

16,000

110,000

90,000

0

4,000

93,000

55,000

14,000

10,000

102,000

25,000

1,000

4,000

30,000

13,000

0

23,000

92,000

16,000

2,000

4,000

8,000

25,000

40,000

1,000

50,000

1,000

2,000

7,000

Other, net

40,000

-22,000

5,000

7,000

5,000

1,000

3,000

-11,000

11,000

3,000

9,000

-21,000

56,000

-13,000

-38,000

-1,000

68,000

7,000

-34,000

-70,000

72,000

51,000

-43,000

-6,000

47,000

5,000

9,000

-4,000

-113,000

21,000

-14,000

11,000

53,000

18,000

8,000

-26,000

-9,000

50,000

14,000

-15,000

-6,000

23,000

0

-14,000

Net cash used by investing activities

-273,000

-275,000

-217,000

-237,000

93,000

-237,000

-156,000

-156,000

-22,000

-119,000

-150,000

-60,000

248,000

-153,000

-127,000

-211,000

-231,000

-246,000

-234,000

-381,000

-310,000

-282,000

-194,000

-184,000

-247,000

-225,000

-209,000

-107,000

-166,000

-222,000

-191,000

-202,000

-225,000

-250,000

-158,000

-64,000

-180,000

-161,000

-80,000

-44,000

-93,000

-116,000

-114,000

-54,000

Cash flows from financing activities:
Proceeds from Issuance of Commercial Paper

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt repaid

-555,000

-3,000

-36,000

-3,000

-1,510,000

4,000

360,000

-3,000

-1,552,000

4,000

408,000

152,000

-928,000

171,000

0

3,000

0

80,000

69,000

3,000

408,000

3,000

454,000

5,000

3,000

114,000

2,000

5,000

1,000,000

6,000

2,000

795,000

3,000

114,000

2,000

335,000

155,000

506,000

79,000

505,000

2,000

6,000

121,000

837,000

Dividends paid

117,000

116,000

117,000

116,000

116,000

115,000

116,000

116,000

115,000

116,000

115,000

115,000

115,000

116,000

116,000

112,000

112,000

117,000

121,000

106,000

107,000

110,000

112,000

92,000

92,000

94,000

95,000

78,000

78,000

81,000

82,000

83,000

42,000

42,000

43,000

21,000

21,000

21,000

21,000

21,000

21,000

21,000

21,000

21,000

Increase (decrease) in outstanding checks

-111,000

177,000

-83,000

-45,000

-28,000

134,000

-80,000

-10,000

-95,000

144,000

-54,000

-10,000

-132,000

191,000

-41,000

43,000

-219,000

272,000

-95,000

-41,000

10,000

184,000

-50,000

-11,000

-49,000

71,000

-42,000

44,000

-126,000

81,000

-27,000

-16,000

-91,000

146,000

-16,000

10,000

-68,000

122,000

-31,000

1,000

-123,000

138,000

6,000

-50,000

Acquisition of treasury stock

-

-

-

-

-

-

-

-

0

0

0

1,000

86,000

100,000

0

130,000

216,000

876,000

550,000

359,000

445,000

534,000

519,000

403,000

343,000

443,000

449,000

336,000

379,000

403,000

369,000

246,000

292,000

208,000

0

2,000

0

0

0

1,000

0

0

1,000

0

Issuance of common stock

0

0

0

6,000

4,000

3,000

10,000

28,000

3,000

1,000

0

2,000

5,000

4,000

1,000

26,000

3,000

2,000

58,000

100,000

50,000

59,000

23,000

126,000

105,000

4,000

106,000

100,000

42,000

40,000

11,000

141,000

49,000

30,000

50,000

33,000

13,000

15,000

1,000

14,000

0

8,000

0

0

Proceeds from noncontrolling interest

0

0

0

0

0

2,000

3,000

2,000

1,000

6,000

3,000

3,000

-1,000

3,000

0

4,000

0

5,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by financing activities

-783,000

57,000

-239,000

-158,000

-928,000

20,000

-537,000

-99,000

-630,000

31,000

-574,000

-273,000

-957,000

-138,000

-159,000

-172,000

-840,000

-3,000

-777,000

-409,000

-360,000

-405,000

-616,000

-385,000

-381,000

-183,000

-485,000

-275,000

-552,000

-369,000

-469,000

-999,000

409,000

-188,000

-19,000

-315,000

-231,000

-390,000

-130,000

-512,000

-146,000

119,000

-137,000

-908,000

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect

380,000

-396,000

-68,000

-433,000

471,000

-332,000

-471,000

67,000

925,000

-235,000

-415,000

-96,000

784,000

-543,000

266,000

-375,000

635,000

-369,000

-666,000

-737,000

1,198,000

-582,000

-248,000

-395,000

1,102,000

-253,000

-328,000

-84,000

572,000

-340,000

-287,000

-936,000

1,730,000

-398,000

343,000

-312,000

749,000

-493,000

227,000

-705,000

1,105,000

-11,000

172,000

-965,000

Supplemental cash flow information:
Interest paid

90,000

45,000

61,000

46,000

115,000

57,000

91,000

65,000

110,000

68,000

107,000

76,000

117,000

79,000

120,000

80,000

109,000

80,000

113,000

81,000

129,000

82,000

119,000

83,000

120,000

78,000

120,000

70,000

281,000

66,000

149,000

89,000

141,000

88,000

144,000

101,000

153,000

157,000

167,000

150,000

169,000

125,000

162,000

145,000

Interest received

4,000

4,000

5,000

7,000

8,000

6,000

6,000

5,000

5,000

2,000

3,000

2,000

1,000

1,000

1,000

1,000

0

1,000

1,000

0

0

1,000

1,000

0

1,000

0

1,000

0

0

1,000

0

1,000

0

2,000

1,000

1,000

1,000

2,000

1,000

1,000

1,000

2,000

1,000

5,000

Income taxes paid (net of refunds received)

30,000

10,000

177,000

12,000

10,000

16,000

311,000

8,000

84,000

11,000

385,000

16,000

44,000

16,000

35,000

257,000

161,000

24,000

136,000

314,000

269,000

70,000

152,000

343,000

253,000

70,000

179,000

333,000

147,000

96,000

167,000

328,000

129,000

61,000

88,000

123,000

2,000

3,000

25,000

78,000

-4,000

6,000

5,000

28,000