Advance Auto Parts 2013 Annual Report Download - page 95

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F-43
ADVANCE AUTO PARTS, INC.
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
Condensed Parent Company Statements of Cash Flows
For the Years Ended December 28, 2013, December 29, 2012 and December 31, 2011
(in thousands)
Fiscal Years
2013 2012 2011
Cash flows from operating activities:
Net income $ 391,758 $ 387,670 $ 394,682
Adjustments to reconcile net income to net cash
provided by (used in) operations:
Equity in earnings of subsidiary (391,928)(388,103)(394,398)
Depreciation and amortization — 2 101
Other 170 420 (388)
Net cash provided by (used in) operating activities — (11)(3)
Cash flows from investing activities: ———
Cash flows from financing activities: ———
Net (decrease) increase in cash and cash equivalents — (11)(3)
Cash and cash equivalents, beginning of period 9 20 23
Cash and cash equivalents, end of period $ 9 $ 9 $ 20
Supplemental cash flow information:
Interest paid $ 30,750 $ 23,925 $ 17,250
Income taxes paid, net — — —
Noncash transactions:
Issuance of senior unsecured notes with proceeds received
by Stores $ 448,605 $ 299,904 $ —
Payment of debt related costs by Stores 8,815 2,942 3,656
Repurchase of Parent's common stock by Stores 80,795 27,095 631,149
Proceeds received by Stores from stock transactions under the
Parent's stock subscription plan and Stores' stock option plan 3,611 8,495 21,056
Tax withholdings paid by Stores from stock transactions under the
Parent's stock subscription plan and Stores' stock option plan (21,856)(26,677)(6,582)
Cash dividends paid by Stores on behalf of Parent 17,574 17,596 18,554
Retirement of common stock — 1,644,767 —
Changes in other comprehensive income (loss) 1,016 (137) 4,401
Declared but unpaid cash dividends 4,368 4,396 4,356
The accompanying notes to the condensed parent company financial information
are an integral part of this schedule.