SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION

3 Months Ended

May 03, 2015

SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION

SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION

NOTE 7 — SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION

Receivables

Receivables consisted of the following (amounts in millions):

	May 3, 2015		February 1, 2015
Trade receivables, net of allowance for doubtful accounts	$	1,100	$	988
Vendor rebate receivables	51		88
Other receivables	15		12
Total receivables, net	$	1,166	$	1,088

Other Current Liabilities

Other current liabilities consisted of the following (amounts in millions):

	HD Supply Holdings, Inc.				HD Supply, Inc.
	May 3, 2015		February 1, 2015		May 3, 2015		February 1, 2015
Accrued interest	$	43	$	98	$	43	$	98
Accrued non-income taxes	43		34		43		34
Other	115		120		114		120
Total other current liabilities	$	201	$	252	$	200	$	252

Supplemental Cash Flow Information

Cash paid for interest in the three months ended May 3, 2015 and May 4, 2014 was $154 million and $206 million, respectively. Additionally, during the three months ended May 4, 2014, the Company paid $1 million of original issue discounts related to the portion of the Term Loan amendment considered an extinguishment under ASC 470-50.

Cash paid for income taxes, net of refunds, in the three months ended May 3, 2015 and May 4, 2014 was approximately $3 million and $1 million, respectively.

Significant Non-Cash Transactions

During the three months ended May 3, 2015, Holdings retired 591,431 shares of its common stock (“Retired Shares”) held as Treasury Shares by Holdings in the amount of $17 million. All of these shares were repurchased by Holdings pursuant to the share repurchase program previously authorized.  Holdings reinstated the Retired Shares to the status of authorized but unissued shares of common stock, par value $0.01 per share, effective as of the date of retirement. In accordance with Accounting Standards Codification 505-30, Equity-Treasury Stock, Holdings reversed the $0.01 par value of the Retired Shares and the excess of the cost of the Retired Shares over par value to Retained Earnings.