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GPS » Topics » RECONCILIATION OF EXPECTED NET CASH PROVIDED BY OPERATING ACTIVITIES TO EXPECTED FREE CASH FLOW

This excerpt taken from the GPS 8-K filed Nov 20, 2008.

RECONCILIATION OF EXPECTED NET CASH PROVIDED BY OPERATING ACTIVITIES TO EXPECTED FREE CASH FLOW

 

($ in millions)    Expected
52 Weeks Ending
January 31, 2009		  

Expected net cash provided by operating activities

    $ 1,450  

Less: expected purchases of property and equipment

      (450 )
        

Expected free cash flow (a)

    $ 1,000  
        

 

(a) Free cash flow is a non-GAAP financial measure. We believe free cash flow is an important metric as it represents a measure of how much cash a company has available after the deduction of capital expenditures, as we require regular capital expenditures to build and maintain stores and purchase new equipment to improve our business. We use this metric internally, as we believe our sustained ability to generate free cash flow is an important driver of value creation. However, this non-GAAP financial measure is not intended to supersede or replace our GAAP results.
This excerpt taken from the GPS 8-K filed Aug 21, 2008.

RECONCILIATION OF EXPECTED NET CASH PROVIDED BY OPERATING ACTIVITIES TO EXPECTED FREE CASH FLOW

 

($ in millions)

    Expected
52 Weeks Ending
January 31, 2009		     Previously Issued
Guidance for the
52 Weeks Ending
January 31, 2009		  

Expected net cash provided by operating activities

    $ 1,450     $ 1,400  

Less: expected purchases of property and equipment

      (450 )     (500 )
                

Expected free cash flow (b)

    $ 1,000     $ 900  
                

 

(b) Free cash flow is a non-GAAP financial measure. We believe free cash flow is an important metric as it represents a measure of how much cash a company has available after the deduction of capital expenditures, as we require regular capital expenditures to build and maintain stores and purchase new equipment to improve our business. We use this metric internally, as we believe our sustained ability to generate free cash flow is an important driver of value creation. However, this non-GAAP financial measure is not intended to supersede or replace our GAAP results.
This excerpt taken from the GPS 8-K filed May 22, 2008.

RECONCILIATION OF EXPECTED NET CASH PROVIDED BY OPERATING ACTIVITIES TO EXPECTED FREE CASH FLOW

 

($ in millions)

    Expected
52 Weeks Ending
January 31, 2009 		 

Expected net cash provided by operating activities

    $ 1,400  

Less: expected purchases of property and equipment

      (500 )
        

Expected free cash flow (a)

    $ 900  
        

 

(a) Free cash flow is a non-GAAP financial measure. We believe free cash flow is an important metric as it represents a measure of how much cash a company has available after the deduction of capital expenditures, as we require regular capital expenditures to build and maintain stores and purchase new equipment to improve our business. We use this metric internally, as we believe our sustained ability to generate free cash flow is an important driver of value creation. However, this non-GAAP financial measure is not intended to supersede or replace our GAAP results.
This excerpt taken from the GPS 8-K filed Feb 28, 2008.

RECONCILIATION OF EXPECTED NET CASH PROVIDED BY OPERATING ACTIVITIES TO EXPECTED FREE CASH FLOW

 

($ in millions)

    Expected
52 Weeks Ending
January 31, 2009		  

Expected net cash provided by operating activities

    $ 1,400  

Less: expected purchases of property and equipment

      (500 )
        

Expected free cash flow (d)

    $ 900  
        

 

(d) Free cash flow is a non-GAAP financial measure. We believe free cash flow is an important metric as it represents a measure of how much cash a company has available after the deduction of capital expenditures as we require regular capital expenditures to build and maintain stores and purchase new equipment to keep the business growing. We use this metric internally, as we believe our sustained ability to increase free cash flow is an important driver of value creation. However, this non-GAAP financial measure is not intended to supersede or replace our GAAP results.
This excerpt taken from the GPS 8-K filed Nov 21, 2007.

RECONCILIATION OF EXPECTED NET CASH PROVIDED BY OPERATING ACTIVITIES TO EXPECTED FREE CASH FLOW

 

($ in millions)    Expected
52 Weeks Ending
February 2, 2008		  

Expected net cash provided by operating activities

    $ 1,600  

Less: expected purchases of property and equipment

      (700 )
        

Expected free cash flow (b)

    $ 900  
        

 

(b) Free cash flow is a non-GAAP financial measure. We believe free cash flow is an important metric as it represents a measure of how much cash a company has available after the deduction of capital expenditures and we require regular capital expenditures to build and maintain stores and purchase new equipment to keep the business growing. We use this metric internally, as we believe our sustained ability to increase free cash flow is an important driver of value creation.

EXCERPTS ON THIS PAGE:

8-K
Nov 20, 2008
8-K
Aug 21, 2008
8-K
May 22, 2008
8-K
Feb 28, 2008
8-K
Nov 21, 2007

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