Barnes and Noble 2006 Annual Report Download - page 28

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FISCAL YEAR (In thousands) 2006 2005 2004
CHANGES IN OPERATING ASSETS AND LIABILITIES, NET
Receivables, net $ (1,675) (8,595) (10,801)
Merchandise inventories (40,583) (39,419) 15,317
Prepaid expenses and other current assets (33,325) (8,216) 26,650
Accounts payable and accrued liabilities 2,582 220,697 164,769
Changes in operating assets and liabilities, net $ (73,001) 164,467 195,935
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for
Interest paid (received) $ (1,040) 810 16,536
Income taxes (net of refunds) $ 85,898 28,611 42,215
Supplemental disclosure of subsidiaries acquired
Assets acquired, net of cash acquired $ — — 162,161
Liabilities assumed — — 7,734
Cash paid $ — — 154,427
NON CASH ACTIVITIES
Net assets distributed in spin-off of GameStop $ — — 160,417
Note receivable on sale of GameStop shares $ — — 74,020
26 Barnes & Noble, Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS continued