Neiman Marcus 2014 Annual Report Download - page 150
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Table of Contents
Net earnings (loss)
$ (134,083)
$ (134,083)
$ 149,417
$ (15,334)
$ (134,083)
Adjustments to reconcile net earnings (loss) to net cash
provided by (used for) operating activities:
Depreciation and amortization expense
—
224,664
54,413
—
279,077
Loss on debt extinguishment
—
7,882
—
—
7,882
Deferred income taxes
—
(117,874)
—
—
(117,874)
Non-cash charges related to the Acquisition
—
145,062
—
—
145,062
Other
—
4,878
3,666
—
8,544
Intercompany royalty income payable (receivable)
—
106,783
(106,783)
—
—
Equity in loss (earnings) of subsidiaries
134,083
(149,417)
—
15,334
—
Changes in operating assets and liabilities, net
—
216,411
(121,634)
—
94,777
Net cash provided by (used for) operating activities
—
304,306
(20,921)
—
283,385
Capital expenditures
—
(124,321)
(13,686)
—
(138,007)
Acquisition of Neiman Marcus Group LTD LLC
—
(3,388,585)
—
—
(3,388,585)
Investment in Asian e-commerce retailer
—
—
35,000
—
35,000
Net cash provided by (used for) investing activities
—
(3,512,906)
21,314
—
(3,491,592)
Borrowings under Asset-Based Revolving Credit Facility
—
170,000
—
—
170,000
Borrowings under Senior Secured Term Loan Facility
—
2,950,000
—
—
2,950,000
Borrowings under Cash Pay Notes
—
960,000
—
—
960,000
Borrowings under PIK Toggle Notes
—
600,000
—
—
600,000
Repayment of borrowings
—
(2,770,185)
—
—
(2,770,185)
Debt issuance costs paid
—
(178,606)
—
—
(178,606)
Cash equity contributions
—
1,557,350
—
—
1,557,350
Net cash provided by financing activities
—
3,288,559
—
—
3,288,559
Increase during the period
—
79,959
393
—
80,352
Beginning balance
—
115,045
1,079
—
116,124
Ending balance
$ —
$ 195,004
$ 1,472
$ —
$ 196,476
F-47