text: **LIQUIDITY AND CAPITAL RESOURCES**
  We strive to maintain a level of liquidity sufficient to allow us to cover our seasonal cash needs and to maintain appropriate levels of short- 
  term borrowings. We believe that our operating cash flows, available credit facilities and potential future borrowings are sufficient to finance 
  our cash requirements for the next 12 months and beyond. 
  
  Over the long term, we manage our cash and capital structure to maximize shareholder return, maintain our financial position, manage 
  refinancing risk and allow flexibility for strategic initiatives. We regularly assess our debt and leverage levels, capital expenditure 
  requirements, debt service payments, dividend payouts, potential share repurchases and other future investments. We believe that as of 
  January 31, 2015, our existing cash and cash equivalents on-hand of $827, available credit facilities of $800 and potential future operating 
  cash flows and borrowings will be sufficient to fund these scheduled future payments and potential long-term initiatives. Additionally, if an 
  agreement is reached and a transaction is consummated in regards to our credit card receivables, it could result in additional cash flows to 
  further support our capital requirements and strategic initiatives. 
  
  **Operating Activities**
  Net cash provided by operating activities was $1,220 in 2014, $1,320 in 2013 and $1,110 in 2012. The majority of our operating cash inflows 
  are derived from sales. We also receive cash payments for property incentives from developers. Our operating cash outflows generally 
  consist of payments to our merchandise vendors (net of vendor allowances), payments to our employees for wages, salaries and other 
  employee benefits and payments to our landlords for rent. Operating cash outflows also include payments for income taxes and interest 
  payments on our short-term and long-term borrowings. 