7Baggers
Quarterly
Annual
    Unit: USD2008-01-31 2007-11-03 2007-08-04 2007-05-05 2007-02-02 2006-10-28 2006-07-29 2006-04-29 2006-02-03 2005-10-29 2005-07-30 2005-04-30 2005-01-28 2004-10-30 2004-07-31 2004-05-01 2003-11-01 2003-08-02 2003-05-03 
      
    		                   
      operating activities:
    		                   
      net income
    		-109,000,000 12,000,000 264,000,000 53,000,000 482,000,000 23,000,000 113,620,000 99,380,000 552,086,000 -12,308,000 113,077,000 23,145,000 360,066,000 78,345,000 147,952,000 96,637,000 129,674,000 101,959,000 97,530,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                   
      depreciation of long-lived assets
    		                   
      share-based compensation expense
    		                   
      gain on sales of easton investments
    		                   
      deferred income taxes
    		198,000,000 3,000,000 -145,000,000 -10,000,000 0 0 -14,654,000 9,654,000 -1,569,000 -15,475,000 -1,583,000 -24,373,000 -63,577,000 -12,392,000 -14,693,000 14,662,000 -887,000 -9,874,000 -5,430,000 
      changes in assets and liabilities:
    		                   
      accounts receivable
    		399,000,000 -187,000,000 -135,000,000 26,000,000 -215,000,000 -21,000,000 -11,550,000 55,550,000 60,245,000 -50,414,000 2,930,000 5,239,000 -31,562,000 -33,133,000 21,671,000 -10,976,000 -46,497,000 13,909,000 31,095,000 
      inventories
    		242,000,000 -311,000,000 155,000,000 -41,000,000 1,352,000,000 -682,000,000 -139,854,000 -193,146,000 -74,384,000 -436,862,000 12,337,000 -46,091,000 628,225,000 -439,410,000 -119,068,000 -59,747,000 -312,738,000 -119,674,000 11,249,000 
      accounts payable, accrued expenses and other
    		                   
      income taxes payable
    		112,000,000 -137,000,000 131,000,000 -145,000,000 143,000,000 13,000,000 -13,576,000 -173,424,000 204,593,000 -70,655,000 35,972,000 -153,910,000 220,381,000 -21,985,000 23,837,000 -167,233,000 19,244,000 -38,795,000 -85,641,000 
      other assets and liabilities
    		19,000,000 7,000,000 134,000,000 -7,000,000 163,000,000 -61,000,000 6,903,000 -10,903,000 57,892,000 1,557,000 19,931,000 -6,380,000 41,157,000 11,804,000 12,936,000 -1,897,000 -14,239,000 15,692,000 640,000 
      net cash from operating activities
    		1,378,000,000 -388,000,000 300,000,000 -336,000,000 1,372,000,000 -448,000,000 129,033,000 -288,033,000 833,282,000 -330,802,000 310,755,000 -213,235,000 1,281,750,000 -355,177,000 324,998,000 -170,571,000 -238,888,000 191,670,000 -104,459,000 
      investing activities:
    		                   
      capital expenditures
    		144,000,000 -223,000,000 -219,000,000 -181,000,000 -331,000,000 -169,000,000 -125,635,000 -123,365,000 -156,730,000 -141,702,000 -115,422,000 -134,146,000 -115,173,000 -126,685,000 -137,103,000 -101,039,000 -85,306,000 -83,249,000 -63,554,000 
      free cash flows
    		1,522,000,000 -611,000,000 81,000,000 -517,000,000 1,041,000,000 -617,000,000 3,398,000 -411,398,000 676,552,000 -472,504,000 195,333,000 -347,381,000 1,166,577,000 -481,862,000 187,895,000 -271,610,000 -324,194,000 108,421,000 -168,013,000 
      proceeds from sales of easton investments
    		                   
      other investing activities
    		-65,000,000 -22,000,000 93,000,000 -21,000,000 37,000,000 2,000,000   52,345,000 -683,000 -10,758,000 -5,904,000 -17,180,000 -81,000 -581,000 -4,158,000 0 10,752,000 -10,020,000 
      net cash from investing activities
    		-413,000,000 -149,000,000 524,000,000 -202,000,000 452,000,000 -167,000,000 -131,635,000 -123,365,000 -690,228,000 -136,542,000 -126,180,000 -140,050,000 -366,151,000 -57,301,000 -72,351,000 -10,197,000 -84,988,000 -73,929,000 63,233,000 
      financing activities:
    		                   
      payments for long-term debt
    		                   
      repurchases of common stock
    		                   
      dividends paid
    		-27,000,000 -54,000,000 -60,000,000 -60,000,000 -49,000,000 -59,000,000 -59,896,000 -59,104,000 -55,989,000 -60,206,000 -60,654,000 -61,151,000 -66,544,000 -56,370,000 -56,712,000 -62,374,000 -51,791,000 -52,122,000 -52,356,000 
      tax payments related to share-based awards
    		                   
      other financing activities
    		                   
      net cash from financing activities
    		-530,000,000 -439,000,000 175,000,000 232,000,000 -278,000,000 142,000,000 -69,083,000 -73,917,000 154,292,000 -96,339,000 -151,715,000 -121,238,000 126,544,000 447,998,000 -98,370,000 -1,004,172,000 -97,460,000 -121,228,000 22,922,000 
      effects of exchange rate changes on cash and cash equivalents
    		                   
      net decrease in cash and cash equivalents
    		   -306,000,000  -473,000,000 -71,685,000 -485,315,000  -563,683,000          
      cash and cash equivalents, beginning of year
    		518,000,000 0 0 500,000,000 -708,000,000 0 269,000 1,207,731,000 47,241,000 0          
      cash and cash equivalents, end of period
    		 -975,000,000 999,000,000 194,000,000  -473,000,000 -71,416,000 722,416,000  -563,683,000          
      gain on extinguishment of debt
    		                   
      proceeds from sales of easton investments, net of fees paid
    		                   
      operating activities
    		                   
      impairment of equity method investment
    		                   
      investing activities
    		                   
      financing activities
    		                   
      net payments to victoria’s secret & co. related to spin-off
    		                   
      payments of finance lease obligations
    		                   
      cash and cash equivalents, end of year
    		                   
      payments of long-term debt
    		 0    0              
      (gain) loss on extinguishment of debt
    		                   
      proceeds from spin-off of victoria’s secret & co.
    		                   
      transfers and payments to victoria’s secret & co. related to spin-off
    		                   
      proceeds from stock option exercises
    		                   
      loss on extinguishment of debt
    		                   
      proceeds from spin-off of victoria's secret & co.
    		                   
      transfers and payments to victoria's secret & co. related to spin-off
    		                   
      cash and cash equivalents, beginning of period
    		                   
      proceeds from victoria's secret & co. notes
    		                   
      effects of exchange rate changes on cash and cash equivalents and restricted cash
    		                   
      net decrease in cash and cash equivalents and restricted cash
    		                   
      cash and cash equivalents and restricted cash, beginning of period
    		                   
      cash and cash equivalents and restricted cash, end of period
    		                   
      victoria's secret asset impairment charges
    		                   
      gain from victoria's secret hong kong store closure and lease termination
    		                   
      gain related to formation of victoria's secret u.k. joint venture
    		                   
      proceeds from issuance of long-term debt, net of issuance costs
    		                   
      borrowing from revolving credit agreement
    		                   
      repayment of revolving credit agreement
    		                   
      net repayments of victoria's secret foreign facilities
    		                   
      net increase in cash and cash equivalents
    		                   
      borrowing from credit agreement
    		                   
      repayment of credit agreement
    		                   
      net increase in cash and cash equivalents and restricted cash
    		                   
      gain from hong kong store closure and lease termination
    		                   
      borrowings from foreign facilities
    		                   
      repayments of foreign facilities
    		                   
      victoria's secret asset impairments
    		                   
      impairment of victoria's secret goodwill
    		                   
      la senza charges
    		                   
      net borrowings from (repayments of) victoria's secret foreign facilities
    		                   
      cash and cash equivalents and restricted cash, beginning of year
    		                   
      cash and cash equivalents and restricted cash, end of year
    		                   
      gains on distributions from easton investments
    		                   
      long-lived store and lease asset impairment charges
    		                   
      long-lived store asset impairment charges
    		                   
      payment of credit agreement
    		                   
      financing costs and other
    		                   
      impairment of goodwill
    		                   
      amortization of landlord allowances
    		                   
      loss on divestiture of la senza
    		                   
      changes in assets and liabilities, net of assets and liabilities related to divestitures:
    		                   
      asset impairment
    		                   
      unrealized losses on marketable equity securities
    		                   
      borrowing from secured revolving facility
    		                   
      proceeds from exercise of stock options
    		                   
      proceeds from divestiture of la senza
    		                   
      proceeds from sales of marketable equity securities
    		                   
      return of capital from easton investments
    		                   
      changes in assets and liabilities, net of assets and liabilities related to divestiture:
    		                   
      borrowings from secured revolving facility
    		                   
      repayments of secured revolving facility
    		                   
      effects of exchange rate changes on cash
    		                   
      payment of long-term debt
    		                   
      gain on sale of marketable equity securities
    		                   
      changes in assets and liabilities, net of assets and liabilities related to divestiture and acquisition:
    		                   
      purchase of marketable securities
    		                   
      proceeds from sale of assets
    		                   
      proceeds from sale of marketable equity securities
    		                   
      acquisition, net of cash acquired of 1
    		                   
      depreciation and amortization of long-lived assets
    		                   
      gain on sale of marketable securities
    		                   
      changes in assets and liabilities, net of assets and liabilities from acquisition:
    		                   
      proceeds from sale of marketable securities
    		                   
      repayments on foreign facilities
    		                   
      financing costs
    		                   
      gain on distribution from easton investments
    		                   
      gain on divestiture of third-party apparel sourcing business
    		                   
      loss on sale of assets
    		                   
      purchases of marketable securities
    		                   
      proceeds from divestiture of third-party apparel sourcing business
    		                   
      excess tax benefits from share-based compensation
    		25,000,000 -1,000,000 -14,000,000 -12,000,000 4,000,000 -11,000,000 -9,734,000 -11,266,000            
      gain on distribution from easton town center, llc
    		 0                  
      gain on distribution from investment
    		                   
      return of capital from easton town center, llc
    		                   
      borrowings from revolving facilities
    		                   
      repayments on revolving facilities
    		                   
      repurchase of common stock
    		821,000,000 -395,000,000   -1,217,000,000 -55,000,000 -48,218,000 -81,782,000 39,878,000 -50,003,000 -100,476,000 -82,399,000 734,650,000 -63,347,000 -51,303,000 -1,000,000,000 -51,497,000 -71,259,000 -27,232,000 
      borrowings from debt facilities
    		                   
      repayments on debt facilities
    		                   
      borrowings from revolving facility
    		                   
      repayments on revolving facility
    		                   
      proceeds from exercise of stock options and other
    		-41,000,000 9,000,000 39,000,000 24,000,000 -20,000,000 13,000,000 33,297,000 55,703,000 131,403,000 13,870,000 9,415,000 22,312,000 -73,412,000 69,565,000 9,645,000 58,202,000 5,828,000 2,153,000 2,510,000 
      return of capital from third-party apparel sourcing business investment
    		                   
      return of capital from third-party apparel sourcing investment
    		                   
      proceeds from long-term debt, net of issuance costs
    		                   
      goodwill and intangible asset impairment charges
    		                   
      gain on distributions from easton investments
    		                   
      gain on sale of assets
    		                   
      expense related to contribution of express common stock to the limited brands foundation
    		                   
      gain on contribution of express common stock to the limited brands foundation
    		                   
      gain on sale of express common stock
    		                   
      proceeds from sale of express common stock
    		                   
      contribution of express common stock to the limited brands foundation
    		                   
      gain on distribution from express
    		                   
      gain on express initial public offering
    		                   
      gain on divestiture of limited stores
    		                   
      return of capital from express
    		                   
      proceeds from divestiture of limited stores
    		                   
      return of capital from limited stores
    		                   
      proceeds from express initial public offering
    		                   
      net gain on joint venture
    		                   
      net proceeds from divestiture of joint venture
    		                   
      proceeds from long-term debt, net of issuance and discount costs
    		                   
      net gain on joint ventures
    		                   
      changes in assets and liabilities, net of assets and liabilities from acquisitions:
    		                   
      net proceeds from the divestiture of joint venture
    		                   
      proceeds from sales of express common stock
    		                   
      net proceeds from debt issuance
    		                   
      prepayment of term loan
    		                   
      repurchase of debt
    		                   
      financing costs related to the amendment of 5-year facility and term loan
    		                   
      gain on divestiture of express
    		 0                  
      loss on divestiture of limited stores
    		 0                  
      gains on sales of assets
    		                   
      proceeds from the divestiture of express
    		                   
      proceeds from the distribution from easton town center, llc
    		                   
      depreciation and amortization
    		79,000,000 81,000,000 88,000,000 95,000,000 122,000,000 78,000,000 77,986,000 74,014,000 95,125,000 70,141,000 72,981,000 77,753,000 71,783,000 74,532,000 77,110,000 75,575,000 70,507,000 72,860,000 68,642,000 
      minority interest
    		19,000,000 -1,000,000 -16,000,000 -6,000,000    -166,000            
      goodwill impairment
    		 0                  
      proceeds from divestiture of express
    		 -1,000,000                  
      proceeds from distribution from easton town center, llc
    		 0                  
      proceeds from debt offering
    		 0                  
      proceeds from term loan refinancing
    		 0                  
      adjustments to reconcile net income to net cash provided by
    		                   
      proceeds from issuance of commercial paper, net of repayments
    		   256,000,000                
      cumulative effect of change in accounting principle
    		                   
      acquisition of la senza corporation, net of cash acquired of 28
    		                   
      proceeds from issuance of debt
    		                   
      repayment of long-term debt
    		                0   
      shared-based compensation
    		 11,000,000 14,000,000 12,000,000  11,000,000              
      change in assets and liabilities, net of divestitures:
    		                   
      accounts payable and accrued expenses
    		 172,000,000 141,000,000 -301,000,000  202,000,000 111,615,000 -144,615,000  174,895,000 51,236,000 -98,069,000  38,989,000 188,755,000 -71,543,000 41,272,000 150,055,000 -163,386,000 
      proceeds from issuance of commercial paper
    		                   
      effect of exchange rates changes on cash
    		                   
      change in assets and liabilities:
    		                   
      cumulative effect of changes in accounting principle
    		       -696,000            
      stock compensation expense
    		                   
      tax benefit on the exercise of non-qualified stock options
    		           6,559,000        
      cumulative effect of accounting change
    		     0              
      tax benefit on exercise of non-qualified stock options
    		         4,229,000          
      gain on sale of property
    		                   
      proceeds from sale of property
    		                   
      share-based compensation
    		       7,585,000            
      straight-line rent adjustment
    		                   
      gain on sale of third-party warrants
    		                   
      gain on early collection of long-term note receivable
    		                   
      gain on sale of investees’ stock
    		                   
      proceeds from settlement of long-term note receivable
    		                   
      proceeds from sale of new york & company warrants
    		                   
      proceeds from sale of investees’ stock
    		             0      
      other acquisitions
    		                   
      gain on settlement of long-term note receivable
    		                   
      gain on sale of new york & company warrants
    		                   
      stock compensation
    		         4,330,000 2,557,000 2,892,000  2,437,000 4,115,000 -1,192,000    
      gain on sale of investee’s stock
    		                 0 -79,686,000 
      proceeds from sale of investee’s stock
    		                 0 130,673,000 
      net proceeds from the issuance of long-term debt
    		                   
      net decrease in cash and equivalents
    		           -474,523,000  35,520,000 154,277,000 -1,184,940,000 -421,336,000 -3,487,000 -18,304,000 
      cash and equivalents, beginning of year
    		           1,160,759,000  0 0 3,130,347,000 0 0 2,261,518,000 
      cash and equivalents, end of period
    		           686,236,000  35,520,000 154,277,000 1,945,407,000 -421,336,000 -3,487,000 2,243,214,000 
      common shares issued
    		           523,852,000  0 0 523,852,000    
      treasury shares
    		           -116,894,000  -1,342,000 -33,876,000 -17,860,000    
      basic shares
    		           406,958,000  -1,342,000 -33,876,000 505,992,000    
      dilutive effect of stock options and restricted shares
    		           10,276,000  944,000 -1,267,000 9,447,000    
      diluted shares
    		           417,234,000  -398,000 -35,143,000 515,439,000    
      gains on sale of investees’ stock
    		                   
      gains on sale of property
    		                   
      loss on sale of joint ventures
    		                0 0 6,921,000 
      debt extinguishment costs
    		                0 -46,000 5,594,000 
      acquisition, net of minority interest
    		                   
      proceeds from sale of joint ventures
    		                0   
      net (expenditures) proceeds related to non-operating real estate investments
    		                   
      gain from early collection of long-term note receivable
    		             0 0 -24,857,000    
      gain on sale of third party warrants
    		             -45,668,000 0 -20,000,000    
      (gain) loss on sale of property
    		                   
      proceeds from sale of lerner warrants
    		                   
      net proceeds from issuance of long-term debt
    		                   
      collection of long-term note receivable
    		              0 75,000,000    
      proceeds from sale of third party warrants
    		              0 20,000,000    
      proceeds from issuance of long-term debt
    		                0 0 350,000,000 
      special item
    		                   
      amortization of deferred compensation
    		                3,132,000 5,584,000 8,013,000 
      minority interest, net of dividends paid
    		                   
      net (expenditures) proceeds related to easton investment
    		                318,000   
      net income, as reported
    		                27,715,000 4,429,000 97,530,000 
      add: stock compensation cost recorded, net of tax
    		                -413,000 -2,221,000 5,000,000 
      deduct: stock compensation cost calculated under sfas no. 123, net of tax
    		                640,000 -225,000 -10,013,000 
      pro forma net income
    		                27,942,000 1,983,000 92,517,000 
      earnings per basic share, as reported
    		                50 10 190 
      earnings per basic share, pro forma
    		                60 0 180 
      earnings per diluted share, as reported
    		                60 0 190 
      earnings per diluted share, pro forma
    		                60 0 180 
      proceeds from the sale of joint ventures
    		                  8,000,000 
      net proceeds (expenditures) related to easton investment
    		                  -1,866,000 
      redemption of debentures
    		                  -250,000,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.