Advance Auto Parts 2010 Annual Report Download - page 99

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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 1, 2011, January 2, 2010 and January 3, 2009
(in thousands)
The accompanying notes to the condensed parent company financial information
are an integral part of this schedule.
F-45
2010 2009 2008
(52 Weeks) (52 Weeks) (53 Weeks)
Cash flows from operating activities:
Net income 346,053$ 270,373$ 238,038$
Adjustments to reconcile net income to net cash
(used in) provided by operations:
Equity in earnings of subsidiary (345,913) (268,955) (237,962)
Depreciation and amortization 66 29 30
Net (increase) decrease in working capital (206) 585 85
Net cash (used in) provided by operating activities - 2,032 191
Cash flows from investing activities:
Net cash used in investing activities - (2,032) (191)
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 yea
r
23$ 23$ 23$
Supplemental cash flow information:
Interest paid 8,721$ -$ -$
Income taxes paid, net - - -
Noncash transactions:
Issuance of senior unsecured notes with proceeds received
by Stores 298,761$ -$ -$
Payment of debt related costs by Stores 4,572 - -
Repurchase of Parent's common stock by Stores 622,442 100,062 219,429
Repurchase of Parent's common stock by Stores not settled 14,994 - -
Proceeds received by Stores from stock transactions under the
Parent's stock subscription plan and Stores' stock option plan 36,113 35,402 35,220
Cash dividends paid by Stores on behalf of Parent 21,051 22,803 23,181
Changes in other comprehensive income (loss) 5,102 2,650 (8,648)
Declared but unpaid cash dividends 4,930 5,587 5,657
Fiscal Years