Question: Please answer and show work: Were operating cash flows smaller or larger than net income? Did the company generate or use cash from investing activities?
Please answer and show work:
Were operating cash flows smaller or larger than net income?
Did the company generate or use cash from investing activities?
Did the company generate or use cash from financing activities?
| Consolidated Statements of Cash Flows - USD ($) $ in Millions | 12 Months Ended | ||
| Jan. 29, 2022 | Jan. 30, 2021 | Feb. 01, 2020 | |
| Operating activities | |||
| Net earnings | $ 6,946 | $ 4,368 | $ 3,281 |
| Earnings from discontinued operations, net of tax | 0 | 0 | 12 |
| Net earnings from continuing operations | 6,946 | 4,368 | 3,269 |
| Adjustments to reconcile net earnings to cash provided by operations: | |||
| Depreciation and amortization | 2,642 | 2,485 | 2,604 |
| Share-based compensation expense | 228 | 200 | 147 |
| Deferred income taxes | 522 | (184) | 178 |
| Gain on Dermstore sale | (335) | 0 | 0 |
| Loss on debt extinguishment | 0 | 512 | 10 |
| Noncash losses / (gains) and other, net | 67 | 86 | 29 |
| Changes in operating accounts: | |||
| Inventory | (3,249) | (1,661) | 505 |
| Other assets | (78) | (137) | 18 |
| Accounts payable | 2,628 | 2,925 | 140 |
| Accrued and other liabilities | (746) | 1,931 | 199 |
| Cash provided by operating activitiescontinuing operations | 8,625 | 10,525 | 7,099 |
| Cash provided by operating activitiesdiscontinued operations | 0 | 0 | 18 |
| Cash provided by operating activities | 8,625 | 10,525 | 7,117 |
| Investing activities | |||
| Expenditures for property and equipment | (3,544) | (2,649) | (3,027) |
| Proceeds from disposal of property and equipment | 27 | 42 | 63 |
| Proceeds from Dermstore sale | 356 | 0 | 0 |
| Other investments | 7 | 16 | 20 |
| Cash required for investing activities | (3,154) | (2,591) | (2,944) |
| Financing activities | |||
| Additions to long-term debt | 1,972 | 2,480 | 1,739 |
| Reductions of long-term debt | (1,147) | (2,415) | (2,069) |
| Dividends paid | (1,548) | (1,343) | (1,330) |
| Repurchase of stock | (7,356) | (745) | (1,565) |
| Stock option exercises | 8 | 23 | 73 |
| Cash required for financing activities | (8,071) | (2,000) | (3,152) |
| Net (decrease) / increase in cash and cash equivalents | (2,600) | 5,934 | 1,021 |
| Cash and cash equivalents at beginning of period | 8,511 | 2,577 | 1,556 |
| Cash and cash equivalents at end of period | 5,911 | 8,511 | 2,577 |
| Supplemental information | |||
| Interest paid, net of capitalized interest | 414 | 939 | 492 |
| Income taxes paid | 2,063 | 1,031 | 696 |
| Leased assets obtained in exchange for new finance lease liabilities | 288 | 428 | 379 |
| Leased assets obtained in exchange for new operating lease liabilities | $ 580 | $ 262 | $ 464 |
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