Invacare 2013 Annual Report Download - page 127

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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-53
CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS
The
Company
(Parent)
Combined
Guarantor
Subsidiaries
Combined
Non-Guarantor
Subsidiaries Eliminations Total
(in thousands)
Year ended December 31, 2013
Net Cash Provided (Used) by
Operating Activities . . . . . . . . . . . $ 11,566 $ (68,792) $ 1,891 $ 65,389 $ 10,054
Investing Activities
Purchases of property and equipment. (3,601) (4,020)(6,537) — (14,158)
Proceeds from sale of property and
equipment . . . . . . . . . . . . . . . . . . . . . . 4 13 868 — 885
Proceeds from sale of businesses . . . . — 187,552 — — 187,552
Other long-term assets . . . . . . . . . . . . 833 — 168 — 1,001
Other . . . . . . . . . . . . . . . . . . . . . . . . . . 181,195 (113,067) 20 (68,083) 65
Net Cash Provided (Used) for
Investing Activities. . . . . . . . . . . . 178,431 70,478 (5,481)(68,083) 175,345
Financing Activities
Proceeds from revolving lines of
credit and long-term borrowings. . . . . 323,187 — 29,268 — 352,455
Payments on revolving lines of credit
and long-term borrowings. . . . . . . . . . (516,488) (2,391)(26,995) — (545,874)
Proceeds from exercise of stock
options. . . . . . . . . . . . . . . . . . . . . . . . . 512 — — — 512
Payment of dividends . . . . . . . . . . . . . (1,581) — (2,694) 2,694 (1,581)
Net Cash Provided (Used) by
Financing Activities . . . . . . . . . . . (194,370) (2,391)(421) 2,694 (194,488)
Effect of exchange rate changes on cash . . — — 83 — 83
Decrease in cash and cash equivalents. . . . (4,373) (705)(3,928) — (9,006)
Cash and cash equivalents at beginning of
year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,774 1,018 31,999 — 38,791
Cash and cash equivalents at end of year. . $ 1,401 $ 313 $ 28,071 $ — $ 29,785