Advance Auto Parts 2015 Annual Report Download - page 98

Download and view the complete annual report

Please find page 98 of the 2015 Advance Auto Parts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
January 2, 2016, January 3, 2015 and December 28, 2013
(in thousands, except per share data)
F-44
Condensed Consolidating Statements of Cash Flows
For Fiscal 2015
Advance
Auto Parts,
Inc.
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Net cash (used in) provided by operating
activities $ (1) $ 696,580 $ (6,937) $ — $ 689,642
Cash flows from investing activities:
Purchases of property and equipment — (232,591)(2,156)—
(234,747)
Business acquisitions, net of cash acquired — (18,583)(306)—
(18,889)
Proceeds from sales of property and
equipment — 266 4 — 270
Net cash used in investing activities — (250,908)(2,458)—
(253,366)
Cash flows from financing activities:
Increase in bank overdrafts — (4,529) 1,606 1 (2,922)
Borrowings under credit facilities — 618,300 — — 618,300
Payments on credit facilities — (1,041,700)— —
(1,041,700)
Dividends paid — (17,649)— —
(17,649)
Proceeds from the issuance of common
stock, primarily exercise of stock options — 5,174 — — 5,174
Tax withholdings related to the exercise of
stock appreciation rights — (13,112)— —
(13,112)
Excess tax benefit from share-based
compensation — 13,002 — — 13,002
Repurchase of common stock — (6,665)— —
(6,665)
Contingent consideration related to business
acquisitions — — — — —
Other — (380)— —(380)
Net cash (used in) provided by
financing activities — (447,559) 1,606 1 (445,952)
Effect of exchange rate changes on cash — — (4,213)—
(4,213)
Net (decrease) increase in cash and cash
equivalents (1) (1,887)(12,002)1
(13,889)
Cash and cash equivalents, beginning of
period 9 65,345 39,326 (9) 104,671
Cash and cash equivalents, end of period $ 8 $ 63,458 $ 27,324 $ (8) $ 90,782