Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Home Depot Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Net earnings	15,143)	17,105)	16,433)	12,866)	11,242)	11,121)
Depreciation and amortization	3,247)	2,975)	2,862)	2,519)	2,296)	2,152)
Stock-based compensation expense	380)	366)	399)	310)	251)	282)
Impairment loss	—)	—)	—)	—)	—)	247)
Changes in receivables, net	134)	111)	(435)	(465)	(170)	33)
Changes in merchandise inventories	4,137)	(2,830)	(5,403)	(1,657)	(593)	(1,244)
Changes in other current assets	(184)	(311)	(330)	43)	(135)	(257)
Changes in accounts payable and accrued expenses	(1,411)	(2,577)	2,401)	5,118)	68)	743)
Changes in deferred revenue	(318)	(526)	775)	702)	334)	80)
Changes in income taxes payable	(25)	(107)	(51)	(149)	44)	(42)
Changes in deferred income taxes	(245)	138)	(276)	(569)	202)	26)
Other operating activities	314)	271)	196)	121)	184)	(103)
Changes in assets and liabilities, net of acquisition effects	2,402)	(5,831)	(3,123)	3,144)	(66)	(764)
Reconciliation of net earnings to net cash provided by operating activities	6,029)	(2,490)	138)	5,973)	2,481)	1,917)
Net cash provided by operating activities	21,172)	14,615)	16,571)	18,839)	13,723)	13,038)
Capital expenditures	(3,226)	(3,119)	(2,566)	(2,463)	(2,678)	(2,442)
Payments for businesses acquired, net	(1,514)	—)	(421)	(7,780)	—)	(21)
Other investing activities	11)	(21)	18)	73)	25)	47)
Net cash used in investing activities	(4,729)	(3,140)	(2,969)	(10,170)	(2,653)	(2,416)
Proceeds from (repayments of) short-term debt, net	—)	(1,035)	1,035)	(974)	(365)	(220)
Proceeds from long-term debt, net of discounts	1,995)	6,942)	2,979)	7,933)	3,420)	3,466)
Repayments of long-term debt	(1,271)	(2,491)	(1,532)	(2,872)	(1,070)	(1,209)
Repurchases of common stock	(7,951)	(6,696)	(14,809)	(791)	(6,965)	(9,963)
Proceeds from sales of common stock	323)	264)	337)	326)	280)	236)
Cash dividends	(8,383)	(7,789)	(6,985)	(6,451)	(5,958)	(4,704)
Other financing activities	(156)	(188)	(145)	(154)	(176)	(26)
Net cash used in financing activities	(15,443)	(10,993)	(19,120)	(2,983)	(10,834)	(12,420)
Effect of exchange rate changes on cash and cash equivalents	3)	(68)	(34)	76)	119)	(19)
Change in cash and cash equivalents	1,003)	414)	(5,552)	5,762)	355)	(1,817)
Cash and cash equivalents at beginning of year	2,757)	2,343)	7,895)	2,133)	1,778)	3,595)
Cash and cash equivalents at end of year	3,760)	2,757)	2,343)	7,895)	2,133)	1,778)

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Home Depot Inc. net cash provided by operating activities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Home Depot Inc. net cash used in investing activities decreased from 2022 to 2023 and from 2023 to 2024.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Home Depot Inc. net cash used in financing activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.

Home Depot Inc. (NYSE:HD)

Cash Flow Statement