Dollar General 2007 Annual Report Download - page 112

Download and view the complete annual report

Please find page 112 of the 2007 Dollar General 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 183

  • 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
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183

110
PREDECESSOR For the year ended February 2, 2007
DOLLAR
GENERAL
CORPORATION
GUARANTOR
SUBSIDIARIES
OTHER
SUBSIDIARIES ELIMINATIONS
CONSOLIDATED
TOTAL
STATEMENTS OF CASH FLOWS:
Cash flows from operating activities:
Net income $ 137,943 $ 72,038 $ 20,455 $ (92,493) $ 137,943
Adjustments to reconcile net income to
net cash provided by operating
activities:
Depreciation and amortization 21,436 178,920 252 - 200,608
Deferred income taxes (1,845) (35,118) (1,255) - (38,218)
Noncash share-based
compensation 7,578
- - - 7,578
Tax benefit from stock option
exercises (2,513)
- - - (2,513)
Noncash inventory adjustments
and asset impairments - 78,115 - - 78,115
Equity in subsidiaries’ earnings,
net (92,493) - - 92,493 -
Change in operating assets and
liabilities:
Merchandise inventories - (28,057) - - (28,057)
Prepaid expenses and other
current assets (1,042) (13,655) 9,286 - (5,411)
Accounts payable (4,246) 39,189 18,601 - 53,544
Accrued expenses and other (225) 38,564 14 - 38,353
Income taxes (2,558) (29,524) (3,083) - (35,165)
Other 430
(1,850) - - (1,420)
Net cash provided by operating
activities 62,465
298,622 44,270 - 405,357
Cash flows from investing activities:
Purchases of property and equipment (13,270) (247,788) (457) - (261,515)
Purchases of short-term investments (38,700) - (10,975) - (49,675)
Sales of short-term investments 38,700 - 12,825 - 51,525
Purchases of long-term investments - - (25,756) - (25,756)
Insurance proceeds related to property
and equipment -
1,807 - - 1,807
Proceeds from sale of property and
equipment 143
1,496 11 - 1,650
Net cash used in investing activities (13,127) (244,485) (24,352) - (281,964)
Cash flows from financing activities:
Borrowings under revolving credit
facility 2,012,700
- - - 2,012,700
Repayments of borrowings under
revolving credit facility (2,012,700)
- - - (2,012,700)
Repayments of long-term obligations 97 (14,215) - - (14,118)
Payment of cash dividends (62,472) - - - (62,472)
Proceeds from exercise of stock
options 19,894
- - - 19,894
Repurchases of common stock (79,947) - - - (79,947)
Tax benefit of stock options 2,513 - - - 2,513
Changes in intercompany note
balances, net 74,438 (39,676) (34,762) - -
Other financing activities 39 (623) - - (584)
Net cash used in financing activities (45,438) (54,514) (34,762) - (134,714)
Net increase (decrease) in cash and
cash equivalents 3,900
(377) (14,844) - (11,321)
Cash and cash equivalents, beginning
of year 110,410 58,484 31,715 - 200,609
Cash and cash equivalents, end of year $ 114,310 $ 58,107 $ 16,871 $ - $ 189,288