Neiman Marcus 2005 Annual Report Download - page 138

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Nine weeks ended October 1, 2005 (Predecessor)
(in thousands) NMG
Non-
Guarantor
Subsidiaries Eliminations Consolidated
CASH FLOWS—OPERATING ACTIVITIES
Net earnings (loss) $ 44,154 $ 64,688 $ (64,688 ) $ 44,154
Loss (earnings) from discontinued operation — 552 (206 ) 346
Adjustments to reconcile net earnings to net cash provided by operating
activities:
Depreciation 16,118 3,608 — 19,726
Stock-based compensation charges 19,968 — — 19,968
Deferred income taxes (6,921 ) — — (6,921
Minority interest — — (347 ) (347
Other, primarily costs related to defined benefit pension and other
long-term benefit plans (345 ) 1,091 — 746
Intercompany royalty income payable (receivable) 46,240 (46,240 ) — —
Equity in earnings of subsidiaries (64,955 ) — 64,955 —
Changes in operating assets and liabilities, net 499,941 (557,846 )286 (57,619
Net cash provided by (used for) continuing operating activities 554,200 (534,147 ) — 20,053
Net cash used for discontinued operation — (618 )— (618
Net cash provided by (used for) operating activities 554,200 (534,765 )— 19,435
CASH FLOWS—INVESTING ACTIVITIES
Capital expenditures (22,455 )(3,776 )— (26,231
Net cash used for continuing investing activities (22,455 ) (3,776 ) — (26,231
Net cash used for discontinued operation — (80 )— (80
Net cash used for investing activities (22,455 )(3,856 )— (26,311
CASH FLOWS—FINANCING ACTIVITIES
Proceeds from borrowings on lines of credit — 4,000 — 4,000
Cash dividends paid (7,346 )— — (7,346
Net cash (used for) provided by continuing financing activities (7,346 ) 4,000 — (3,346
Net cash provided by discontinued operation — 1,000 — 1,000
Net cash (used for) provided by financing activities (7,346 )5,000 — (2,346
CASH AND CASH EQUIVALENTS
Increase (decrease) during the period 524,399 (533,621 ) — (9,222
Beginning balance 317,346 536,136 — 853,482
Ending balance 841,745 2,515 — 844,260
Less cash of discontinued operation — 365 — 365
Ending balance $ 841,745 $ 2,150 $ — $ 843,895
F-54