CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions; continued on next page)
| Successor | Predecessor | |||||||||||||||||
| Fiscal Year Ended January 29, 2016 |
Fiscal Year Ended January 30, 2015 |
October 29, 2013 through January 31, 2014 |
February 2, 2013 through October 28, 2013 |
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| Cash flows from operating activities: |
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| Net loss |
$ | (1,104 | ) | $ | (1,221 | ) | $ | (1,612 | ) | $ | (93 | ) | ||||||
| Adjustments to reconcile net loss to net cash provided by operating activities: |
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| Depreciation and amortization |
2,872 | 2,977 | 762 | 990 | ||||||||||||||
| Stock-based compensation expense |
72 | 72 | 82 | 184 | ||||||||||||||
| Effects of exchange rate changes on monetary assets and liabilities denominated in foreign currencies |
122 | 90 | 12 | 68 | ||||||||||||||
| Deferred income taxes |
(205 | ) | (465 | ) | (544 | ) | (239 | ) | ||||||||||
| Provision for doubtful accounts—including financing receivables |
171 | 216 | 290 | 158 | ||||||||||||||
| Other |
115 | 153 | 19 | 42 | ||||||||||||||
| Changes in assets and liabilities, net of effects from acquisitions: |
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| Accounts receivable |
187 | (238 | ) | (102 | ) | 134 | ||||||||||||
| Financing receivables |
(321 | ) | (550 | ) | (199 | ) | 65 | |||||||||||
| Inventories |
(5 | ) | 71 | (36 | ) | (206 | ) | |||||||||||
| Other assets |
(28 | ) | (623 | ) | 72 | 59 | ||||||||||||
| Accounts payable |
(374 | ) | 1,029 | 1,316 | (311 | ) | ||||||||||||
| Deferred revenue |
867 | 1,431 | 410 | 49 | ||||||||||||||
| Accrued and other liabilities |
(207 | ) | (391 | ) | 612 | 704 | ||||||||||||
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| Change in cash from operating activities |
2,162 | 2,551 | 1,082 | 1,604 | ||||||||||||||
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| Cash flows from investing activities: |
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| Investments: |
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| Purchases |
(27 | ) | (27 | ) | (10 | ) | (514 | ) | ||||||||||
| Maturities and sales |
7 | 15 | 129 | 2,939 | ||||||||||||||
| Capital expenditures |
(482 | ) | (478 | ) | (101 | ) | (431 | ) | ||||||||||
| Proceeds from sale of facilities, land, and other assets |
88 | 23 | — | — | ||||||||||||||
| Collections on purchased financing receivables |
85 | 175 | 53 | 93 | ||||||||||||||
| Acquisition of businesses, net of cash acquired |
— | (73 | ) | (8,624 | ) | (571 | ) | |||||||||||
| Divestitures of businesses, net of cash transferred |
8 | 10 | — | 48 | ||||||||||||||
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| Change in cash from investing activities |
(321 | ) | (355 | ) | (8,553 | ) | 1,564 | |||||||||||
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The accompanying notes are an integral part of these Consolidated Financial Statements.
- F-7 -
DENALI HOLDING INC.
