Neiman Marcus 2014 Annual Report Download - page 149
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Table of Contents
Net earnings (loss)
$ 14,949
$ 1,622
$ 208,540
$ (210,162)
$ 14,949
Adjustments to reconcile net earnings (loss) to net cash
provided by operating activities:
Depreciation and amortization expense
—
270,482
76,908
—
347,390
Deferred income taxes
—
(62,143)
(7,593)
—
(69,736)
Non-cash charges related to acquisitions
—
—
13,994
—
13,994
Other
—
(5,430)
21,548
(13,327)
2,791
Intercompany royalty income payable (receivable)
—
148,678
(148,678)
—
—
Equity in loss (earnings) of subsidiaries
(14,949)
(208,540)
—
223,489
—
Changes in operating assets and liabilities, net
—
11,467
(92,470)
—
(81,003)
Net cash provided by operating activities
—
156,136
72,249
—
228,385
Capital expenditures
—
(248,286)
(22,182)
—
(270,468)
Acquisition of MyTheresa
—
—
(181,727)
—
(181,727)
Net cash used for investing activities
—
(248,286)
(203,909)
—
(452,195)
Borrowings under Asset-Based Revolving Credit Facility
—
530,000
—
—
530,000
Repayment of borrowings
—
(429,427)
—
—
(429,427)
Intercompany notes payable (receivable)
—
(150,000)
150,000
—
—
Debt issuance costs paid
—
(265)
—
—
(265)
Net cash provided by (used for) financing activities
—
(49,692)
150,000
—
100,308
Increase (decrease) during the period
—
(141,842)
18,340
—
(123,502)
Beginning balance
—
195,004
1,472
—
196,476
Ending balance
$ —
$ 53,162
$ 19,812
$ —
$ 72,974
F-46