Advance Auto Parts 2008 Annual Report Download - page 97

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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 January 3, 2009, December 29, 2007 and December 30, 2006
(in thousands)
The accompanying notes to the condensed parent company financial information
are an integral part of this schedule.
F-43
2008 2007 2006
(53 Weeks) (52 Weeks) (52 Weeks)
Cash flows from operating activities:
Net income 238,038$ 238,317$ 231,318$
Adjustments to reconcile net income to net cash
provided (used in) by operations:
Equity in earnings of subsidiary (237,962) (238,423) (231,425)
Depreciation 30 - -
Net decrease (increase) in working capital 85 (24) 295
Net cash (used in) provided by operating activities 191 (130) 188
Cash flows from investing activities:
Change in net intercompany with subsidiaries (191) 130 (188)
Net cash (used in) provided by investing activities (191) 130 (188)
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 219,429$ 282,910$ 137,560$
Retirement of common stock - 211,225 192,339
Proceeds received by Stores from stock transactions under the
Parent's stock subscription plan and Stores' stock option plan 35,220 42,547 17,203
Cash dividends paid by Stores on behalf of Parent 23,181 25,152 19,153
Declared but unpaid cash dividends 5,657 5,957 6,320
Changes in other comprehensive income 8,648 (4,173) 382
Adoption of FIN No. 48, net of tax - 2,275 -
Fiscal Years