Neiman Marcus 2007 Annual Report Download - page 133

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Table of Contents
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 and amortization expense 16,214 3,015 76 — 19,305
Deferred income taxes (7,318) — — — (7,318)
Other, primarily costs related to defined
benefit pension and other long-term
benefit plans 14,997 254 493 — 15,744
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-47