Advance Auto Parts 2015 Annual Report Download - page 99

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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-45
Condensed Consolidating Statements of Cash Flows
For Fiscal 2014
Advance
Auto Parts,
Inc.
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Net cash provided by operating activities $ — $ 666,566 $ 42,425 $ — $ 708,991
Cash flows from investing activities:
Purchases of property and equipment — (224,894)(3,552)—
(228,446)
Business acquisitions, net of cash acquired — (2,059,987)(796)—
(2,060,783)
Proceeds from sales of property and
equipment — 974 18 — 992
Net cash used in investing activities — (2,283,907)(4,330)—
(2,288,237)
Cash flows from financing activities: —
Increase in bank overdrafts — 16,228 — (9) 16,219
Borrowings under credit facilities — 2,238,200 — — 2,238,200
Payments on credit facilities — (1,654,800)— —
(1,654,800)
Dividends paid — (17,580)— —
(17,580)
Proceeds from the issuance of common
stock, primarily for employee stock
purchase plan — 6,578 — — 6,578
Tax withholdings related to the exercise of
stock appreciation rights — (7,102)— —
(7,102)
Excess tax benefit from share-based
compensation — 10,487 — — 10,487
Repurchase of common stock — (5,154)— —
(5,154)
Contingent consideration related to previous
business acquisition — (10,047)— —
(10,047)
Other — (890)— —(890)
Net cash provided by financing
activities — 575,920 — (9) 575,911
Effect of exchange rate changes on cash — — (4,465)—
(4,465)
Net (decrease) increase in cash and cash
equivalents —(1,041,421) 33,630 (9)(1,007,800)
Cash and cash equivalents, beginning of
period 9 1,106,766 5,696 — 1,112,471
Cash and cash equivalents, end of period $ 9 $ 65,345 $ 39,326 $ (9) $ 104,671