Based solely on the aggregate cash flows over the past three years (i.e. CFO, CFI, and...
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Based solely on the aggregate cash flows over the past three years (i.e. CFO, CFI, and CFF), at what stage of their life cycle does Home Depot appear to be in (Introduction. Growth, Maturity, or Decline)? Explain. Home Depot Statement of Cash Flow 2015 $ in Millions CASH FLOWS FROM OPERATING ACTIVITIES: Net Earnings Reconciliation of Net Earnings to Net Cash Provided by Operating Activities: Depreciation and Amortization Stock-Based Compensation Expense Gain on Sales of Investments Changes in Assets and Liabilities, net of the effects of acquisitions: Receivables, net Merchandise Inventories Other Current Assets Accounts Payable and Accrued Expenses Deferred Revenue Income Taxes Payable Deferred Income Taxes Other Net Cash Provided by Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES: Capital Expenditures Proceeds from Sales of Investments Payments for Businesses Acquired, net Proceeds from Sales of Property and Equipment Net Cash Used in Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES: 2014 2013 $ 7,009 $6,345 $5,385 1,863 1,786 244 225 1,757 228 (144) (323) (181) (81) (15) (546) (124) (455) (5) (199) (5) 888 244 605 109 146 75 154 168 119 15 159 (31) (33) (104) (35) 9,373 8,242 7,628 (1,503) (1,442) (1,389) 144 323 (1,666) (200) (206) 43 48 88 (2,982) (1,271) (1,507) Proceeds from Short-Term Borrowings, net 60 Proceeds from Long-Term Borrowings, net of discount 3,991 290 1,981 5,222 Repayments of Long-Term Debt (39) (39) (1,289) Repurchases of Common Stock (7,000) (7,000) (8,546) Proceeds from Sales of Common Stock Cash Dividends Paid to Stockholders 228 (3,031) 252 (2,530) 241 (2,243) Other Financing Activities 4 (25) Net Cash Used in Financing Activities (5,787) (7,071) (37) (6,652) Change in Cash and Cash Equivalents 604 (100) (531) Effect of Exchange Rate Changes on Cash and Cash Equivalents (111) (106) (34) Cash and Cash Equivalents at Beginning of Year 1,723 1,929 2,494 Cash and Cash Equivalents at End of Year 2,216 1,723 1,929 SUPPLEMENTAL DISCLOSURE OF CASH PAYMENTS MADE FOR: Interest, net of interest capitalized 874 782 639 Income Taxes 3,853 3,435 2,839 Based solely on the aggregate cash flows over the past three years (i.e. CFO, CFI, and CFF), at what stage of their life cycle does Home Depot appear to be in (Introduction. Growth, Maturity, or Decline)? Explain. Home Depot Statement of Cash Flow 2015 $ in Millions CASH FLOWS FROM OPERATING ACTIVITIES: Net Earnings Reconciliation of Net Earnings to Net Cash Provided by Operating Activities: Depreciation and Amortization Stock-Based Compensation Expense Gain on Sales of Investments Changes in Assets and Liabilities, net of the effects of acquisitions: Receivables, net Merchandise Inventories Other Current Assets Accounts Payable and Accrued Expenses Deferred Revenue Income Taxes Payable Deferred Income Taxes Other Net Cash Provided by Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES: Capital Expenditures Proceeds from Sales of Investments Payments for Businesses Acquired, net Proceeds from Sales of Property and Equipment Net Cash Used in Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES: 2014 2013 $ 7,009 $6,345 $5,385 1,863 1,786 244 225 1,757 228 (144) (323) (181) (81) (15) (546) (124) (455) (5) (199) (5) 888 244 605 109 146 75 154 168 119 15 159 (31) (33) (104) (35) 9,373 8,242 7,628 (1,503) (1,442) (1,389) 144 323 (1,666) (200) (206) 43 48 88 (2,982) (1,271) (1,507) Proceeds from Short-Term Borrowings, net 60 Proceeds from Long-Term Borrowings, net of discount 3,991 290 1,981 5,222 Repayments of Long-Term Debt (39) (39) (1,289) Repurchases of Common Stock (7,000) (7,000) (8,546) Proceeds from Sales of Common Stock Cash Dividends Paid to Stockholders 228 (3,031) 252 (2,530) 241 (2,243) Other Financing Activities 4 (25) Net Cash Used in Financing Activities (5,787) (7,071) (37) (6,652) Change in Cash and Cash Equivalents 604 (100) (531) Effect of Exchange Rate Changes on Cash and Cash Equivalents (111) (106) (34) Cash and Cash Equivalents at Beginning of Year 1,723 1,929 2,494 Cash and Cash Equivalents at End of Year 2,216 1,723 1,929 SUPPLEMENTAL DISCLOSURE OF CASH PAYMENTS MADE FOR: Interest, net of interest capitalized 874 782 639 Income Taxes 3,853 3,435 2,839
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