Invacare 2013 Annual Report Download - page 128

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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-54
CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS
The
Company
(Parent)
Combined
Guarantor
Subsidiaries
Combined
Non-Guarantor
Subsidiaries Eliminations Total
(in thousands)
Year ended December 31, 2012
Net Cash Provided (Used) by
Operating Activities . . . . . . . . . . . $ (46,194) $ 26,243 $ 14,326 $ 67,916 $ 62,291
Investing Activities
Purchases of property and equipment. (2,266) (9,643)(8,182) — (20,091)
Proceeds from sale of property and
equipment . . . . . . . . . . . . . . . . . . . . . . 12 23 124 — 159
Business acquisitions, net of cash
acquired. . . . . . . . . . . . . . . . . . . . . . . . —(9,000) — — (9,000)
Other long-term assets . . . . . . . . . . . . (381) — 116 — (265)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . 82,999 (10,849) 46 (72,441)(245)
Net Cash Used for Investing
Activities . . . . . . . . . . . . . . . . . . . . 80,364 (29,469)(7,896)(72,441)(29,442)
Financing Activities
Proceeds from revolving lines of
credit and long-term borrowings. . . . . 337,044 2,140 130 — 339,314
Payments on revolving lines of credit
and long-term borrowings. . . . . . . . . . (367,500) — — — (367,500)
Payment of financing costs . . . . . . . . . (1) — — — (1)
Payment of dividends . . . . . . . . . . . . . (1,581) — (4,525) 4,525 (1,581)
Net Cash Provided (Used) by
Financing Activities . . . . . . . . . . . (32,038) 2,140 (4,395) 4,525 (29,768)
Effect of exchange rate changes on cash . . — — 786 — 786
Decrease in cash and cash equivalents. . . . 2,132 (1,086) 2,821 — 3,867
Cash and cash equivalents at beginning of
year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,642 2,104 29,178 — 34,924
Cash and cash equivalents at end of year. . $ 5,774 $ 1,018 $ 31,999 $ — $ 38,791