Advance Auto Parts 2006 Annual Report Download - page 102

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ADVANCE AUTO PARTS, INC.
SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
Condensed Parent Company Statements of Cash Flows
For the Years Ended December 30, 2006, December 31, 2005 and January 1, 2005
(in thousands)
The accompanying notes to condensed parent company financial information
are an integral part of this schedule.
2006 2005 2004
Cash flows from operating activities:
Net income 231,318$ 234,725$ 187,988$
Adjustments to reconcile net income to net cash
provided by (used in) operations:
Provision for deferred income taxes - - 56
Equity in earnings of subsidiary (231,425) (234,831) (188,789)
Net decrease (increase) in working capital 295 (95) (211)
Net cash provided by (used in) operating activities 188 (201) (956)
Cash flows from investing activities:
Change in net intercompany with subsidiaries (188) 201 956
Net cash provided by investing activities (188) 201 956
Cash flows from financing activities: - - -
Net increase (decrease) in cash and cash equivalents - - -
Cash and cash equivalents, beginning of year 23 23 23
Cash and cash equivalents, end of year23$ 23$23$
Supplemental cash flow information:
Interest paid -$ -$ -$
Income taxes paid, net - - -
Noncash transactions:
Retirement of common stock 192,339$ 193,185$-$
Declared but unpaid cash dividends 6,320
Cash dividends paid by Stores on behalf of Parent 19,153 - -
Proceeds received by Stores from stock transactions under the
Parent's stock subscription plan and Stores' stock option plan 17,203 28,696 20,470
Repurchase of Parent's common stock by Stores (137,560) (101,594) (146,370)
For the Years Ended
F-39