GNC 2008 Annual Report Download - page 120
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Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Supplemental Condensed Consolidating Statements of Cash Flows
Combined Combined
Predecessor Parent/ Guarantor Non-Guarantor
Period ended March 15, 2007 Issuer Subsidiaries Subsidiaries Consolidated
(in thousands)
NET CASH USED IN OPERATING ACTIVITIES: $ (43,103) $ (3,102) $ (583) $ (46,788)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures — (5,117) (576) (5,693)
Investment/distribution — — — —
Other investing — (555) — (555)
Net cash used in investing activities — (5,672) (576) (6,248)
CASH FLOWS FROM FINANCING ACTIVITIES:
Contribution from selling shareholders 463,393 — — 463,393
Redemption of 8 5/8% senior notes (150,000) — — (150,000)
Redemption of 8 1/2% senior notes (215,000) — — (215,000)
Payment of 2003 senior credit facility (55,290) — — (55,290)
Other financing — (4,136) (334) (4,470)
Net cash provided by (used in) financing activities 43,103 (4,136) (334) 38,633
Effect of exchange rate on cash — — (165) (165)
Net decrease in cash — (12,910) (1,658) (14,568)
Beginning balance, cash — 20,469 3,611 24,080
Ending balance, cash $ — $ 7,559 $ 1,953 $ 9,512
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