Neiman Marcus 2014 Annual Report Download - page 152
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Table of Contents
Net earnings (loss)
$ 163,699
$ 163,699
$ 237,816
$ (401,515)
$ 163,699
Adjustments to reconcile net earnings (loss) to net cash
provided by operating activities:
Depreciation and amortization expense
—
171,102
26,253
—
197,355
Loss on debt extinguishment
—
15,597
—
—
15,597
Deferred income taxes
—
(19,439)
—
—
(19,439)
Other
—
5,785
12,973
—
18,758
Intercompany royalty income payable (receivable)
—
130,459
(130,459)
—
—
Equity in loss (earnings) of subsidiaries
(163,699)
(237,816)
—
401,515
—
Changes in operating assets and liabilities, net
—
95,260
(121,871)
—
(26,611)
Net cash provided by operating activities
—
324,647
24,712
—
349,359
Capital expenditures
—
(131,697)
(14,808)
—
(146,505)
Investment in Asian e-commerce retailer
—
—
(10,000)
—
(10,000)
Net cash used for investing activities
—
(131,697)
(24,808)
—
(156,505)
Borrowings under Former Asset-Based Revolving Credit
Facility
—
100,000
—
—
100,000
Borrowings under Former Senior Secured Term Loan Facility
—
500,000
—
—
500,000
Repayment of borrowings
—
(695,668)
—
—
(695,668)
Debt issuance costs paid
—
(9,763)
—
—
(9,763)
Net cash used for financing activities
—
(105,431)
—
—
(105,431)
Increase (decrease) during the period
—
87,519
(96)
—
87,423
Beginning balance
—
48,308
945
—
49,253
Ending balance
$ —
$ 135,827
$ 849
$ —
$ 136,676
F-49