Advance Auto Parts 2012 Annual Report Download - page 86

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F-41
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, 2012, December 31, 2011 and January 1, 2011
(in thousands)
Fiscal Years
2012 2011 2010
Cash flows from operating activities:
Net income $ 387,670 $ 394,682 $ 346,053
Adjustments to reconcile net income to net cash
(used in) provided by operations:
Equity in earnings of subsidiary (388,103)(394,398)(345,913)
Depreciation and amortization 2 101 66
Other 420 (388)(206)
Net cash (used in) provided by operating activities (11)(3) —
Cash flows from investing activities:
Net cash used in investing activities — — —
Cash flows from financing activities: ———
Net (decrease) increase in cash and cash equivalents (11)(3) —
Cash and cash equivalents, beginning of period 20 23 23
Cash and cash equivalents, end of period $ 9 $ 20 $ 23
Supplemental cash flow information:
Interest paid $ 23,925 $ 17,250 $ 8,721
Income taxes paid, net — — —
Noncash transactions:
Issuance of senior unsecured notes with proceeds received
by Stores $ 299,904 $ — $ 298,761
Payment of debt related costs by Stores 2,942 3,656 4,572
Repurchase of Parent's common stock by Stores 27,095 631,149 622,442
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 8,495 21,056 42,160
Tax withholdings paid by Stores from stock transactions under the
Parent's stock subscription plan and Stores' stock option plan (26,677)(6,582)(6,047)
Cash dividends paid by Stores on behalf of Parent 17,596 18,554 21,051
Retirement of common stock 1,644,767 — —
Changes in other comprehensive income (loss) (137) 4,401 5,102
Declared but unpaid cash dividends 4,396 4,356 4,930
The accompanying notes to the condensed parent company financial information
are an integral part of this schedule.