GNC 2008 Annual Report Download - page 121
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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
Year ended December 31, 2006 Issuer Subsidiaries Subsidiaries Consolidated
(in thousands)
NET CASH PROVIDED BY OPERATING ACTIVITIES: $ — $ 71,117 $ 3,456 $ 74,573
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures — (22,171) (1,675) (23,846)
Investment/distribution 111,105 (111,105) — —
Other investing — 412 — 412
Net cash provided by (used in) investing activities 111,105 (132,864) (1,675) (23,434)
CASH FLOWS FROM FINANCING ACTIVITIES:
Decrease in GNC Corporation investment in General Nutrition Centers, Inc (18,618) — — (18,618)
Restricted payment made to GNC Corporation shareholders (49,934) — — (49,934)
Payments on long-term debt (40,879) — (1,095) (41,974)
Other financing (1,674) (927) — (2,601)
Net cash used in financing activities (111,105) (927) (1,095) (113,127)
Effect of exchange rate on cash — — 55 55
Net (decrease) increase in cash — (62,674) 741 (61,933)
Beginning balance, cash — 83,143 2,870 86,013
Ending balance, cash $ — $ 20,469 $ 3,611 $ 24,080
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