Penney (J.C.) Co.,Inc. (Holding Co.)

"As Reported  Annual Cash Flow","02/03/2007","01/28/2006","01/29/2005","01/31/2004","01/25/2003",
"Currency","US Dollar","US Dollar","US Dollar","US Dollar","US Dollar",
"Auditor Status","Not Qualified","Not Qualified","Not Qualified","Not Qualified","Not Qualified",
"Consolidated","Yes","Yes","Yes","Yes","Yes",
"Scale","Millions","Millions","Millions","Millions","Millions",
"","","","","","",
"Net income (loss)","1,153","1,088","-","-","-",
"Loss (income) from discontinued operations","(19)","(111)","-","-","-",
"Income (loss) from continuing operations","-","-","667","364","371",
"Asset impair, PVOL & other unit closing costs","4","12","19","35","104",
"Depreciation & amortization","389","372","368","394","667",
"Net gains on sale of assets","(8)","(27)","(8)","(51)","(18)",
"Co contributions to savings & profits sharing","-","-","-","-","47",
"Benefit plans expense (income)","(51)","49","45","135","30",
"Pension contribution","(300)","-","(300)","(300)","(300)",
"Tax benefits on stock options exercised","6","-","-","-","-",
"Deferred taxes","(6)","15","1","137","141",
"Receivables","29","(44)","(34)","3","(6)",
"Inventory","(190)","(67)","(13)","(100)","82",
"Prepaid expenses & other assets","(37)","(16)","9","(36)","(36)",
"Accounts payable","-","-","33","-","138",
"Trade payables","195","28","-","-","-",
"Accounts payable & accrued expenses","-","-","-","94","-",
"Current income taxes payable","(1)","(124)","182","(17)","3",
"Accrued expenses & other liabilities","31","124","135","-","-",
"Other liabilities","-","-","-","145","102",
"Net cash flows from operating activities","1,255","1,337","1,127","812","1,329",
"Capital expenditures","(772)","(535)","(412)","(373)","(658)",
"Proceeds from sale of discontinued operations","-","283","4,666","20","-",
"Proceeds from sale of assets","20","31","34","100","38",
"Net cash flows from investing activities","(752)","(221)","4,288","(253)","(620)",
"Change in short-term debt","-","-","4","5","(2)",
"Issuance of equipment financing","-","-","-","-","27",
"Proceeds from the issuance of long-term debt","-","-","-","607","-",
"Payments of long-term debt, including capital","(21)","(474)","(856)","(450)","(939)",
"Common stock issued, net","-","-","260","52","30",
"Common stock repurchased","(750)","(2,252)","(1,901)","-","-",
"Dividends paid, common & preferred","(153)","(131)","(150)","(160)","(161)",
"Preferred stock redeemed","-","-","(13)","(29)","(30)",
"Proceeds from stock options exercised","135","162","-","-","-",
"Excess tax benefits on stock options exercise","39","43","-","-","-",
"Other cash flows from financing activities","(1)","-","-","-","-",
"Net cash flows from financing activities","(751)","(2,652)","(2,656)","25","(1,075)",
"Cash flows from discontinued operations: Oper","11","82","-","-","-",
"Cash flows from discontinued operations: Inve","(32)","(187)","-","-","-",
"Cash flows from discontinued operations: Fina","-","8","-","-","-",
"Cash flows from discontinued operations","(21)","(97)","(1,066)","(64)","-",
"Net incr (decr) in cash & short-term invests","(269)","(1,633)","1,693","520","(366)",
"Cash & short-term investments at beg of year","3,016","4,649","2,994","2,474","2,840",
"Cash & short-term investments at end of year","2,747","3,016","4,687","2,994","2,474",
"Interest expense paid","281","312","405","420","422",
"Interest received","(140)","(109)","57","188","39",
"Income taxes paid","593","441","178","50","60",
"","","","","","",