Dollar General 2007 Annual Report Download - page 110

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108
SUCCESSOR July 7, 2007 through February 1, 2008
DOLLAR
GENERAL
CORPORATION
GUARANTOR
SUBSIDIARIES
OTHER
SUBSIDIARIES ELIMINATIONS
CONSOLIDATED
TOTAL
STATEMENTS OF CASH FLOWS:
Cash flows from operating activities:
Net income (loss) $ (4,818) $ 127,632 $ 16,598 $ (144,230) $ (4,818)
Adjustments to reconcile net income to
net cash provided by (used in)
operating activities:
Depreciation and amortization 21,634 128,431 148 -
150,213
Deferred income taxes (2,120) 20,208 1,463 -
19,551
Loss on debt retirement, net 1,249 - - -
1,249
Noncash share-based
compensation 3,827
-
-
-
3,827
Equity in subsidiaries’ earnings,
net (144,230)
-
-
144,230
-
Noncash unrealized loss on
interest rate swap 3,705
-
-
-
3,705
Change in operating assets and
liabilities:
Merchandise inventories - 79,469 - -
79,469
Prepaid expenses and other
current assets (1,120)
4,783
76
-
3,739
Accounts payable (40,745) 12,428 (13,078) -
(41,395)
Accrued expenses and other (7,456) 6,418 17,099 -
16,061
Income taxes (45,416) 44,829 7,935 -
7,348
Other (3,169)
4,246 (422) -
655
Net cash provided by (used in)
operating activities (218,659)
428,444
29,819
-
239,604
Cash flows from investing activities:
Acquisition, net of cash acquired (5,649,182) (1,129,953) 40,744 -
(6,738,391)
Purchases of property and equipment (1,617) (82,003) (21) -
(83,641)
Purchases of short-term investments - - (3,800) -
(3,800)
Sales of short-term investments - - 21,445 -
21,445
Purchases of long-term investments - - (7,473) -
(7,473)
Purchase of promissory note - (37,047) - -
(37,047)
Proceeds from sale of property and
equipment -
533
-
-
533
Net cash provided by (used in)
investing activities (5,650,799)
(1,248,470)
50,895
-
(6,848,374)
Cash flows from financing activities:
Issuance of common stock 2,759,540 - - -
2,759,540
Borrowings under revolving credit
facility 1,522,100
-
-
-
1,522,100
Repayments of borrowings under
revolving credit facility (1,419,600)
-
-
-
(1,419,600)
Issuance of long-term obligations 4,176,817 - - -
4,176,817
Repayments of long-term obligations (236,084) (5,861) - -
(241,945)
Repurchase of common stock (541) - - -
(541)
Changes in intercompany note
balances, net (837,062)
885,266
(48,204)
-
-
Debt issuance costs (87,392) - - -
(87,392)
Net cash provided by (used in)
financing activities 5,877,778
879,405
(48,204)
-
6,708,979
Net increase in cash and cash
equivalents 8,320
59,379
32,510
-
100,209
Cash and cash equivalents, beginning
of period -
-
-
-
-
Cash and cash equivalents, end of
year $ 8,320
$ 59,379
$ 32,510
$ -
$ 100,209