LensCrafters 2007 Annual Report Download - page 124

Download and view the complete annual report

Please find page 124 of the 2007 LensCrafters annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 178

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178

CONSOLIDATED
STATEMENTS
OF CASH FLOWS | 123 <
2007 2007 2006 2005
(cont’d) (US$/000) (1) (Euro/000)
CASH FLOWS FROM FINANCING ACTIVITIES
Long-term debt:
• Proceeds 3,132,968 2,145,428 84,100 373,462
• Repayments (986,920) (675,834) (233,378) (623,338)
Swap termination fees (7,062)
Repayment of acquired lines of credit (243,253) (166,577)
Increase (decrease) in overdraft balances 412,214 282,280 (101,008) (17,813)
Exercise of stock options 38,905 26,642 24,443 28,229
Excess tax benefit from stock-based compensation 9,218 6,313 7,279
Dividends (279,030) (191,077) (131,369) (103,484)
CASH USED IN FINANCING ACTIVITIES OF CONTINUING OPERATIONS 2,084,102 1,427,174 (349,933) (350,006)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (43,975) (30,114) (10,395) 89,260
CASH AND EQUIVALENTS, BEGINNING OF YEAR 495,220 339,122 367,461 253,246
Effect of exchange rate changes on cash and cash equivalents (8,928) (6,114) (17,944) 24,955
CASH AND EQUIVALENTS, END OF YEAR 442,317 302,894 339,122 367,461
Cash provided by (used in) operating activities of discontinued operations (5,688) 17,756
Cash provided by (used in) investing activities of discontinued operations (9,186) (9,340)
Cash provided by (used in) financing activities of discontinued operations 16,209 (8,318)
(DECREASE)INCREASE IN CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS 1,334 99
CASH RECLASSIFIED AS ASSETS OF DISCONTINUED OPERATION AT BEGINNING OF YEAR 4,795 4,103
EFFECT OF TRANSLATION ADJUSTMENTS ON CASH AND CASH EQUIVALENTS
OF DISCONTINUED OPERATIONS (557) 593
CASH RETAINED BY DISCONTINUED OPERATIONS UPON SALE (5,572)
CASH INCLUDED IN ASSETS OF DISCONTINUED OPERATIONS AT END OF PERIOD 4,795
SUPPLEMENTAL DISCLOSURE OF CASH
FLOWS INFORMATION:
Cash paid during the year for interest 106,897 73,202 67,496 61,770
Cash paid during the year for income taxes 663,067 454,062 242,628 153,287
Acquisition of businesses:
Fair value of assets acquired 796,052 545,129 10,863 3,702
(1) Translated for convenience at the New York City Noon Buying Rate as determined in Note 1.
See notes to the consolidated financial statements.
(*) In accordance with US GAAP.