Other investing activities

[Table of](#i12c15483455e42ed90c996cc5e839e92_10) [Contents](#i12c15483455e42ed90c996cc5e839e92_10)THE HOME DEPOT, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|   | Six Months Ended |
| in millions | July 31,2022 |  | August 1,2021 |
| Cash Flows from Operating Activities: |  |  |  |
| Net earnings | $ | 9,404  |  |  | $ | 8,952  |  |
| Reconciliation of net earnings to net cash provided by operating activities: |  |  |  |
| Depreciation and amortization | 1,473  |  |  | 1,414  |  |
| Stock-based compensation expense | 196  |  |  | 226  |  |
| Changes in receivables, net | (295) |  |  | (321) |  |
| Changes in merchandise inventories | (4,009) |  |  | (2,191) |  |
| Changes in other current assets | (668) |  |  | (574) |  |
| Changes in accounts payable and accrued expenses | 1,079  |  |  | 1,658  |  |
| Changes in deferred revenue | (57) |  |  | 671  |  |
| Changes in income taxes payable | 61  |  |  | 154  |  |
| Changes in deferred income taxes | (95) |  |  | (116) |  |
| Other operating activities | 93  |  |  | 74  |  |
| Net cash provided by operating activities | 7,182  |  |  | 9,947  |  |
|  |  |  |  |
| Cash Flows from Investing Activities: |  |  |  |
| Capital expenditures | (1,447) |  |  | (1,042) |  |
| Payments for businesses acquired, net | —  |  |  | (416) |  |
| Other investing activities | (14) |  |  | —  |  |
| Net cash used in investing activities | (1,461) |  |  | (1,458) |  |
|  |  |  |  |
| Cash Flows from Financing Activities: |  |  |  |
| Repayments of short-term debt, net | (496) |  |  | —  |  |
| Proceeds from long-term debt, net of discounts | 3,957  |  |  | —  |  |
| Repayments of long-term debt | (2,366) |  |  | (1,434) |  |
| Repurchases of common stock | (3,962) |  |  | (6,905) |  |
| Proceeds from sales of common stock | 142  |  |  | 167  |  |
| Cash dividends | (3,910) |  |  | (3,526) |  |
| Other financing activities | (163) |  |  | (136) |  |
| Net cash used in financing activities | (6,798) |  |  | (11,834) |  |
| Change in cash and cash equivalents | (1,077) |  |  | (3,345) |  |
| Effect of exchange rate changes on cash and cash equivalents | (7) |  |  | 16  |  |
| Cash and cash equivalents at beginning of period | 2,343  |  |  | 7,895  |  |
| Cash and cash equivalents at end of period | $ | 1,259  |  |  | $ | 4,566  |  |
|  |  |  |  |
| Supplemental Disclosures: |  |  |  |
| Cash paid for interest, net of interest capitalized | $ | 665  |  |  | $ | 626  |  |
| Cash paid for income taxes | 3,105  |  |  | 2,913  |  |

See accompanying notes to consolidated financial statements.5
