Use the templates in Tables 4-1, 4-2, and 4-3 to recast the financial statements for Nordstrom, Inc.

Cash Flow Statement Standardization

Income Statement Standardization

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Balance Sheet Standardization Jan. 29 2011 Jan. 30 2010 S in millions Assets Current assets Cash and marketable securities Accounts receivable Inventorv Other current assets Other current assets Cash and cash equivalents S1,506 S795 2,026 2,035 898 Accounts receivable, net Merchandise inventories 977 Current deferred tax assets, net Prepaid expenses and other Total current assets Land, buildings and equipment (net 2,318 2,242 of accumulated depreciation of S3,520 and S3,316) Goodwill Other assets Total assets Liabilities and Shareholders Equity Current liabilities 4,824 4,054 Long-term tangible assets Long-term intangible assets Other long-term assets 53 230 S7,462 S6,579 53 267 Accounts pavable Other current liabilities Accounts payable S 846 S 726 336 Accrued salaries, wages and related benefits 375 Other current liabilities Short-term debt Other current liabilities 652 596 356 Current portion of long-term debt Total current liabilities Long-term debt, net Deferred property incentives, net Other liabilities Commitments and contingencies Shareholders' equity.: Long-term debt Other long-term liabilities Other long-term liabilities 1.8792,014 2,775 2,257 469 495 292 Common shareholder equity Common stock, no par value 1,000 shares authorized; 218.0 and 217.7 share issued and outstanding 1,168 1,066 Common shareholder equit Retained earnings Accumulated other 882 (29) 525 (19) Common shareholder equity comprehensive loss Total shareholders equitv Total liabilities and shareholders' S 7,462 S 6,579 equity 2,021 1,572 S in millions Fiscal vear Operating Activities Net eamings Adjustments to reconcile net earnings to net cash provided by 2010 2009 2008 Net income S 613 S441 S 401 operating activities Long-term operating accruals depreciation and amortization Long-term operating accruals depreciation and amortization Long-term operating accruals Depreciation and amortization of Amortization of deferred property Deferred income taxes, net Stock-based compensation Tax benefit from stock-based Excess tax benefit from stock 327 302 (21) 2 (58) (36) 28 313 buildings and equipment (54) (42) ncentives and other, net Long-term operating accruals - other 42 32 expense Long-term operating accruals other compensation Long-term operating accruals other (16) (7) (4) based compensation Net (investment in) or liquidation Provision for bad debt expense of operating working capital 149 25 173 Change in operating assets and liabilities Net (investment in) or liquidation of operating working capital Net (investment in) or liquidation Merchandise inventories of operating working capital Net (investment in) or liquidation of operating working capital Net (investment in) or liquidation of operating working capital Net (investment in) or liquidation of operating working capital Net (investment in) or liquidation of operating working capital Net (investment in) or liquidation of operating working capital Net (investment in) or liquidation of operating working capital Accounts receivable (74) (159) (93) (80) (1) 53 1 (38) 38 Prepaid expenses and other Accounts payable Accrued salaries, wages and Other current liabilities assets 72 168 37 120 (54) 4281 (48) 95 96 119 6 48(29) 1,177 1,251 848 related benefits Deferred property incentives Other liabilities Net cash provided by operating actiities Investing activities (399) (360) (563) Net (investment in) or liquidation Capital expenditures of operating long-term assets Net (investment in) or liquidationChange in credit card receivables (66) (182) (232) of operating long-term assets originated at third parties Net (investment in) or liquidation Other, net Net cash used in investing activities Financing activities commercial paper borrowings of operating long-term assets (462) (541) (792) Net debt (repayment) or issuance Net debt (repayment) or issuance Net debt (repayment) or issuance ncipal payments on long-term (356) (25) (410) epayments) proceeds from (275) 275 Proceeds from long-term borrowings, net of discounts 498 399 150 borrowingS Net debt (repayment) or issuance Dividend (payment) Net stock (repurchase) or issuance Net stock (repurchase) or issuance Proceeds from exercise of stock 35 21 13 Increase in cash book overdrafts 37 9 20 (167) (139) (138) (264) Cash dividends paid Repurchase of common stock (84) options Net stock (repurchase) or issuance Proceeds from employee stock 13 13 17 Net stock (repurchase) or issuance Excess tax benefit from stock Net stock (repurchase) or issuance Other, net purchase plan 16 74 based compensation 4 3(9) (4) 13 (342) Net cash (used in) provided by tinancing activities Net increase (decrease) in cash and cash equivalents 711 723 (286)