Neiman Marcus 2006 Annual Report Download - page 151

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Nine weeks ended October 1, 2005 (Predecessor)
(in thousands) NMG
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
CASH FLOWS—OPERATING ACTIVITIES
Net earnings (loss) $ 44,154 $ 66,128 $ (1,237 ) $ (64,891 ) $ 44,154
Loss (earnings) from discontinued operations — — 1,346 (553 ) 793
Adjustments to reconcile net earnings to net cash
provided by operating activities:
Depreciation 16,118 3,015 76 — 19,209
Amortization of debt issue costs 96 — — —
Stock-based compensation charges 19,968 — — — 19,968
Deferred income taxes (7,318 ) — — — (7,318
Other, primarily costs related to defined benefit
pension and other long-term benefit plans (4,971 ) 254 493 — (4,224
Intercompany royalty income payable (receivable) 46,240 (46,240 ) — —
Equity in earnings of subsidiaries (65,444 ) — — 65,444
Changes in operating assets and liabilities, net 505,357 (20,294 )(534,208 )— (49,145
Net cash provided by (used for) continuing operating
activities 554,200 2,863 (533,530 ) — 23,533
Net cash used for discontinued operations — — (4,098 )— (4,098
Net cash provided by (used for) operating activities 554,200 2,863 (537,628 )— 19,435
CASH FLOWS—INVESTING ACTIVITIES
Capital expenditures (22,455 )(2,736 )(384 )— (25,575
Net cash used for continuing investing activities (22,455 ) (2,736 ) (384 ) — (25,575
Net cash used for discontinued operations — — (736 )— (736
Net cash used for investing activities (22,455 )(2,736 )(1,120 )— (26,311
CASH FLOWS—FINANCING ACTIVITIES
Cash dividends paid (7,346 )— — — (7,346
Net cash used for continuing financing activities (7,346 ) — — — (7,346
Net cash provided by discontinued operations — — 5,000 — 5,000
Net cash (used for) provided by financing activities (7,346 )— 5,000 — (2,346
CASH AND CASH EQUIVALENTS
Increase (decrease) during the period 524,399 127 (533,748 ) — (9,222
Beginning balance 317,346 795 535,341 — 853,482
Ending balance 841,745 922 1,593 — 844,260
Less cash of discontinued operations — — 1,056 — 1,056
Ending balance $ 841,745 $ 922 $ 537 $ — $ 843,204
F-51