Foot Locker Liquidity

In: Business and Management

Submitted By katja92
Words 500
Pages 2
Foot Locker Inc. Liquidity

Financing Activities
• Net cash used was $181 million in 2012 as compared with $178 million in 2011
• Repurchased 4,000,161 shares of its common stock in 2012 for $129 million
• Declared and paid dividends totaling $109 million and $101 million in 2012 and 2011
• Representing a quarterly rate of $0.18 and $0.165 per share in 2012 and 2011
• Received proceeds common stock and treasury stock, 2012 and 2011, $48 and $22 million
• Recorded excess tax benefits compensation of $11 million and $5 million for 2012 and 2011
---------------------------------------------------------------------------------------------------------------------
Free Cash Flow
Net cash flow provided by operating activities compared free cash flow.
Uses free cash flow:
• Measure of performance
• Strength of the company
• Ability to generate cash

2012 2011 2010 (in millions)
Net cash provided by operating activities $ 416 $ 497 $326
Capital expenditures (163) (152) (97)
Free cash flow (non-GAAP) $ 253 $ 345 $229
---------------------------------------------------------------------------------------------------------------------Operating Activities
Operating activities cash $416 million in 2012, compared with $497 million in 2011, and $326 million in 2010
Reflects:
• Income adjusted for non-cash items
• Working capital changes
Non-cash impairment and other charges:
• $12 million, year ending February 2, 2013
• $5 million, year ending January 28, 2012
• $10 million, year ending January 29, 2011…...

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