| Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 | Jan'10 | Jan'09 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||
Net loss | |||||||||
-383,000 | -2,221,000 | -1,128,000 | -1,810,000 | -1,116,000 | -1,054,000 | -3,147,000 | 150,000 | 297,000 | 99,000 |
Income from discontinued operations, net of tax | |||||||||
- | - | - | - | - | - | -27,000 | 11,000 | 17,000 | - |
Loss from continuing operations | |||||||||
- | - | - | - | - | - | -3,120,000 | 139,000 | 280,000 | - |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||||
Deferred tax valuation allowance | |||||||||
-1,395,000 | 836,000 | 217,000 | 835,000 | 720,000 | 237,000 | 1,798,000 | 0 | - | - |
Tax benefit resulting from Other Comprehensive Income allocation | |||||||||
0 | 71,000 | 0 | 0 | -97,000 | 0 | 0 | - | - | - |
Depreciation and amortization | |||||||||
332,000 | 375,000 | 422,000 | 581,000 | 732,000 | 830,000 | 853,000 | 869,000 | 894,000 | 981,000 |
Impairment charges | |||||||||
142,000 | 427,000 | 274,000 | 63,000 | 233,000 | 330,000 | 649,000 | 0 | - | 360,000 |
Gain on sales of assets | |||||||||
1,648,000 | 247,000 | 743,000 | 207,000 | 667,000 | 468,000 | 64,000 | 67,000 | 74,000 | 51,000 |
Gain on sales of investments | |||||||||
- | - | - | 105,000 | 169,000 | 28,000 | 0 | 0 | - | - |
Pension and postretirement plan contributions | |||||||||
312,000 | 334,000 | 311,000 | 450,000 | 426,000 | 593,000 | 390,000 | 316,000 | 209,000 | 286,000 |
Pension plan settlements | |||||||||
479,000 | 0 | 0 | - | - | - | - | - | - | - |
Mark-to-market adjustments of financial instruments | |||||||||
-17,000 | -15,000 | -66,000 | 3,000 | 0 | - | - | - | - | - |
Amortization of deferred gain on sale-leaseback | |||||||||
78,000 | 88,000 | 52,000 | - | - | - | - | - | - | - |
Amortization of deferred gain on sale-leaseback | |||||||||
- | - | - | 0 | 0 | - | - | - | - | - |
Amortization of debt issuance costs and accretion of debt discount | |||||||||
124,000 | 81,000 | 60,000 | 38,000 | - | - | - | - | - | - |
Other | |||||||||
36,000 | 0 | 0 | - | - | - | - | - | - | - |
Pension and postretirement plan settlements | |||||||||
- | - | - | - | - | 455,000 | 0 | 0 | - | - |
Mark-to-market adjustments of financial instruments | |||||||||
- | - | - | - | - | 0 | -2,000 | -7,000 | -65,000 | 74,000 |
Settlement of Canadian dollar hedges | |||||||||
- | - | - | -8,000 | -9,000 | -6,000 | 0 | 3,000 | - | 64,000 |
Change in operating assets and liabilities (net of acquisitions and dispositions): | |||||||||
Deferred income taxes | |||||||||
-778,000 | 987,000 | 519,000 | 719,000 | 441,000 | 206,000 | 533,000 | 15,000 | -94,000 | 385,000 |
Merchandise inventories | |||||||||
-1,144,000 | -1,213,000 | 229,000 | -1,091,000 | -446,000 | -427,000 | -545,000 | 353,000 | -193,000 | -1,003,000 |
Merchandise payables | |||||||||
-472,000 | -526,000 | -47,000 | -528,000 | -230,000 | -117,000 | -134,000 | -285,000 | 284,000 | -389,000 |
Income and other taxes | |||||||||
-108,000 | 80,000 | -95,000 | -110,000 | 63,000 | -63,000 | -50,000 | -34,000 | 98,000 | -173,000 |
Other operating assets | |||||||||
-51,000 | 52,000 | -54,000 | 66,000 | -44,000 | 99,000 | -67,000 | 7,000 | -55,000 | -207,000 |
Other operating liabilities | |||||||||
-477,000 | 118,000 | -136,000 | -5,000 | -210,000 | 40,000 | 70,000 | 142,000 | -200,000 | -236,000 |
Net cash used in operating activitiescontinuing operations | |||||||||
- | - | - | - | - | - | -307,000 | 77,000 | 1,480,000 | - |
Net cash provided by operating activitiesdiscontinued operations | |||||||||
- | - | - | - | - | - | 32,000 | 46,000 | 27,000 | - |
Net cash used in operating activities | |||||||||
-1,842,000 | -1,381,000 | -2,167,000 | -1,387,000 | -1,109,000 | -303,000 | -275,000 | 123,000 | 1,507,000 | 992,000 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Acquisitions of businesses, net of cash acquired | |||||||||
- | - | - | - | - | - | - | - | - | 37,000 |
Proceeds from sales of property and investments | |||||||||
1,109,000 | 386,000 | 2,730,000 | 424,000 | 995,000 | 532,000 | 72,000 | 35,000 | 23,000 | 86,000 |
Proceeds from Craftsman Sale | |||||||||
572,000 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from sales of receivables | |||||||||
293,000 | 0 | 0 | - | - | - | - | - | - | - |
Net increase in investments and restricted cash | |||||||||
- | - | - | - | 2,000 | -37,000 | -8,000 | 0 | -166,000 | 189,000 |
Purchases of property and equipment | |||||||||
80,000 | 142,000 | 211,000 | 270,000 | 329,000 | 378,000 | 432,000 | 426,000 | 350,000 | 497,000 |
De-consolidation of Sears Canada cash | |||||||||
- | - | - | 207,000 | 0 | 0 | - | - | - | - |
Proceeds from Sears Canada rights offering | |||||||||
- | - | - | 380,000 | 0 | 0 | - | - | - | - |
Net cash provided by (used in) investing activitiescontinuing operations | |||||||||
- | - | - | - | - | - | -352,000 | -391,000 | -161,000 | - |
Net cash provided by investing activitiesdiscontinued operations | |||||||||
- | - | - | - | - | - | 43,000 | -15,000 | -11,000 | - |
Net cash provided by investing activities | |||||||||
1,894,000 | 244,000 | 2,519,000 | 327,000 | 664,000 | 191,000 | -309,000 | -406,000 | -172,000 | -637,000 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Proceeds from debt issuances | |||||||||
1,020,000 | 2,028,000 | 0 | 1,025,000 | 994,000 | 5,000 | - | - | - | - |
Stock issued under executive compensation plans | |||||||||
- | - | - | - | - | - | - | - | 13,000 | - |
Proceeds from debt issuances | |||||||||
- | - | - | - | - | - | 104,000 | 1,353,000 | - | 17,000 |
Repayments of debt | |||||||||
1,356,000 | 66,000 | 1,405,000 | 80,000 | 83,000 | 335,000 | 611,000 | 358,000 | 319,000 | 262,000 |
Increase in short-term borrowings, primarily 90 days or less | |||||||||
271,000 | -797,000 | 583,000 | -1,117,000 | 238,000 | -81,000 | 815,000 | 35,000 | -117,000 | 280,000 |
Proceeds from sale-leaseback financing | |||||||||
106,000 | 71,000 | 508,000 | 0 | 0 | - | - | - | - | - |
Lands' End, Inc. pre-separation funding | |||||||||
- | - | - | 515,000 | 0 | 0 | - | - | - | - |
Separation of Lands' End, Inc. | |||||||||
- | - | - | 31,000 | 0 | 0 | - | - | - | - |
Sears Hometown and Outlet Stores, Inc. pre-separation funding | |||||||||
- | - | - | - | - | 100,000 | 0 | 0 | - | - |
Proceeds from the sale of Sears Hometown and Outlet Stores, Inc.(3) | |||||||||
- | - | - | - | - | 347,000 | 0 | 0 | - | - |
Debt issuance costs | |||||||||
43,000 | 51,000 | 50,000 | 27,000 | 14,000 | 3,000 | 35,000 | 28,000 | 81,000 | - |
Purchase of Sears Canada shares | |||||||||
- | - | - | - | - | 10,000 | 43,000 | 603,000 | 7,000 | - |
Sears Canada dividends paid to noncontrolling interests | |||||||||
- | - | - | - | 233,000 | 50,000 | 0 | 69,000 | - | - |
Purchase of treasury stock | |||||||||
- | - | - | - | - | - | 183,000 | 394,000 | 424,000 | 678,000 |
Net cash provided by (used in) financing activitiescontinuing operations | |||||||||
- | - | - | - | - | - | 47,000 | -64,000 | -935,000 | - |
Net cash used in financing activitiesdiscontinued operations | |||||||||
- | - | - | - | - | - | -75,000 | -31,000 | -16,000 | - |
Net cash provided by (used in) financing activities | |||||||||
-2,000 | 1,185,000 | -364,000 | 285,000 | 902,000 | -27,000 | -28,000 | -95,000 | -951,000 | -643,000 |
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | |||||||||
50,000 | 48,000 | -12,000 | - | - | - | - | - | - | - |
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | |||||||||
50,000 | 48,000 | -12,000 | - | - | - | - | - | - | - |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
- | - | - | -3,000 | -38,000 | 1,000 | 0 | 57,000 | 132,000 | -161,000 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | |||||||||
- | - | - | -778,000 | 419,000 | -138,000 | -612,000 | -321,000 | 516,000 | -449,000 |
Bankruptcy related settlements resulting in the receipt of treasury stock | |||||||||
- | - | - | - | - | - | - | - | - | 12,000 |
Capital lease obligation incurred | |||||||||
0 | 25,000 | 6,000 | 45,000 | 31,000 | 61,000 | 3,000 | 15,000 | - | 12,000 |
Supplemental Cash Flow Data: | |||||||||
Income taxes paid, net of refunds | |||||||||
37,000 | 23,000 | 45,000 | 119,000 | 21,000 | 40,000 | 94,000 | 47,000 | -82,000 | 107,000 |
Cash interest paid | |||||||||
412,000 | 275,000 | 252,000 | 230,000 | 206,000 | 199,000 | 223,000 | 164,000 | 169,000 | 207,000 |
Unpaid liability to acquire equipment and software | |||||||||
10,000 | 18,000 | 27,000 | 25,000 | 41,000 | 30,000 | 52,000 | 56,000 | 58,000 | - |
Non-cash dividend in connection with Spin-Off transactions | |||||||||
- | - | - | - | - | 542,000 | 74,000 | 0 | - | - |