Dollar General 2003 Annual Report Download - page 49

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For the year ended February 1, 2002
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DOLLAR GENERAL GUARANTOR CONSOLIDATED
CORPORATION SUBSIDIARIES ELIMINATIONS TOTAL
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––-
STATEMENTS OF CASH FLOWS:
Cash flows from operating activities:
Net income $ 207,513 $ 207,692 $ (207,692) $ 207,513
Adjustments to reconcile net income to net cash
provided by (used in) operating activities:
Depreciation and amortization 14,968 107,999 - 122,967
Deferred income taxes (6,892) 14,635 - 7,743
Tax benefit from stock option exercises 5,819 - - 5,819
Equity in subsidiaries’ earnings, net (207,692) - 207,692 -
Change in operating assets and liabilities:
Merchandise inventories - (118,788) - (118,788)
Other current assets 250 (307,082) 293,292 (13,540)
Accounts payable 281,457 37,036 (293,292) 25,201
Accrued expenses and other 9,063 16,844 - 25,907
Income taxes 4,524 (10,431) - (5,907)
Other 5,704 3,009 - 8,713
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Net cash provided by (used in) operating activities 314,714 (49,086) - 265,628
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Cash flows from investing activities:
Purchase of property and equipment (14,098) (111,267) - (125,365)
Proceeds from sale of property and equipment 925 368 - 1,293
Issuance of long-term notes receivable (173,070) - 173,070 -
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Net cash used in investing activities (186,243) (110,899) 173,070 (124,072)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Cash flows from financing activities:
Issuance of long-term obligations - 173,070 (173,070) -
Repayments of long-term obligations (1,057) (10,766) - (11,823)
Payment of cash dividends (42,517) - - (42,517)
Proceeds from exercise of stock options 12,268 - - 12,268
Other financing activities (269) - - (269)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Net cash provided by (used in) financing activities (31,575) 162,304 (173,070) (42,341)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Net increase in cash and cash equivalents 96,896 2,319 - 99,215
Cash and cash equivalents, beginning of year 120,643 41,667 - 162,310
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Cash and cash equivalents, end of year $ 217,539 $ 43,986 $ - $ 261,525
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Notes
47
cash