Fiscal Year Ended

2/1/2015

2/2/2014

2/3/2013

1/29/2012

Adjusted Closing Price

$103.34

$74.44

$63.87

$41.67

Common Shares Outstanding (millions)

1,307

1,380

1,486

1,523

HOME DEPOT INC

$ in millions

Year Ending

01-02-2015

02-02-2014

03-02-2013

29-01-2012

OPERATING ACTIVITIES:

Net earnings

$6,345

$5,385

$4,535

$3,883

Adjustments to reconcile net earnings to net cash provided by operating activities:

Depreciation and amortization

1,786

1,757

1,684

1,682

Stock-based compensation expense

225

228

218

215

Goodwill impairment

-323

0

97

0

Changes in Assets and Liabilities, net of the effects of acquisition and disposition

Receivables, net

-81

-15

-143

-170

Merchandise inventories

-124

-455

-350

256

Other current assets

-199

-5

93

159

Accounts payable and accrued expenses

244

605

698

422

Deferred revenue

146

75

121

-29

Income taxes payable

168

119

87

14

Deferred income taxes

159

-31

107

170

Other long-term liabilities

-152

13

-180

-2

Other

48

-48

8

51

Net cash provided by operating activities

$8,242

$7,628

$6,975

$6,651

INVESTING ACTIVITIES:

Capital expenditures

-1,442

-1,389

-1,312

-1,221

Proceeds from sales of investments

323

0

0

0

Proceeds from sale of business

0

0

0

101

Payments for business acquired

-200

-206

-170

-65

Proceeds from sales of property & equipment

48

88

50

56

Net cash used by investing activities

($1,271)

($1,507)

($1,432)

($1,129)

FINANCING ACTIVITIES:

Proceeds from short-term borrowings, net

290

0

0

0

Proceeds from long-term borrowings, net of discount

1,981

5,222

0

1,994

Repayments of long-term debt

-39

-1,289

-32

-1,028

Repurchases of common stock

-7,000

-8,546

-3,984

-3,470

Proceeds from sales of common stock

252

241

784

306

Cash dividends paid to stockholders

-2,530

-2,243

-1,743

-1,632

Other financing activities

-25

-37

-59

-218

Net cash used by financing activities

($7,071)

($6,652)

($5,034)

($4,048)

Change in Cash and Cash Equivalents

($100)

($531)

$509

$1,474

Effect of exchange rate changes on cash and cash equivalents

-106

-34

-2

-32

Cash and cash equivalents at beginning of year

1,929

2,494

1,987

545

Cash and cash equivalents at end of year

$1,723

$1,929

$2,494

$1,987

SUPPLEMENTAL DISCLOSURE OF CASH PAYMENTS MADE FOR

Interest, net of capitalized interest

$782

$639

$617

$580

Income taxes

$3,435

$2,839

$2,482

$1,865