Advance Auto Parts 2007 Annual Report Download - page 98

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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 29, 2007, December 30, 2006 and December 31, 2005
(in thousands)
The accompanying notes to the condensed parent company financial information
are an integral part of this schedule.
2007 2006 2005
Cash flows from operating activities:
Net income 238,317$ 231,318$ 234,725$
Adjustments to reconcile net income to net cash
(used in) provided by operations:
Equity in earnings of subsidiary (238,423) (231,425) (234,831)
Net (increase) decrease in working capital (24) 295 (95)
Net cash (used in) provided by operating activities (130) 188 (201)
Cash flows from investing activities:
Change in net intercompany with subsidiaries 130 (188) 201
Net cash provided by (used in) investing activities 130 (188) 201
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 year 23$ 23$ 23$
Supplemental cash flow information:
Interest paid -$ -$ -$
Income taxes paid, net - - -
Noncash transactions:
Repurchase of Parent's common stock by Stores 282,910$ 137,560$ 101,594$
Retirement of common stock 211,225 192,339 193,185
Proceeds received by Stores from stock transactions under the
Parent's stock subscription plan and Stores' stock option plan 42,547 17,203 28,696
Cash dividends paid by Stores on behalf of Parent 25,152 19,153 -
Declared but unpaid cash dividends 5,957 6,320 -
Changes in other comprehensive income (4,173) 382 2,276
Adoption of FIN No. 48, net of tax 2,275 - -
For the Years Ended
F-39