GNC 2010 Annual Report Download - page 132

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Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Supplemental Condensed Consolidating Statements of Cash Flows
Combined Combined
Successor Parent/ Guarantor Non-Guarantor
Period from March 16, 2007 to December 31, 2007 Issuer Subsidiaries Subsidiaries Consolidated
(in thousands)
NET CASH PROVIDED BY OPERATING ACTIVITIES: $ 1,567 $ 80,795 $ 5,551 $ 87,913
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures — (25,098) (3,753) (28,851)
Investment/distribution 40,878 (40,878) — —
Acquisition of the Company (1,642,061) — — (1,642,061)
Other investing — (412) — (412)
Net cash used in investing activities (1,601,183) (66,388) (3,753) (1,671,324)
CASH FLOWS FROM FINANCING ACTIVITIES:
GNC Corporation investment in General Nutrition Centers, Inc (314) — — (314)
Issuance of new equity 552,291 — — 552,291
Borrowings from new senior credit facility 675,000 — — 675,000
Proceeds from issuance of new senior sub notes 110,000 — — 110,000
Proceeds from issuance of new senior notes 297,000 — — 297,000
Financing fees (29,298) — — (29,298)
Other financing (5,063) 4,124 (958) (1,897)
Net cash provided by (used in) financing activities 1,599,616 4,124 (958) 1,602,782
Effect of exchange rate on cash — — (29) (29)
Net increase in cash — 18,531 811 19,342
Beginning balance, cash — 7,559 1,953 9,512
Ending balance, cash $ — $ 26,090 $ 2,764 $ 28,854
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