Sears 2010 Annual Report Download - page 100

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
Condensed Consolidating Statement of Cash Flows
For the Year Ended January 31, 2009
millions Parent
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Net cash provided by (used in)
operating activities ............... $ — $ (154) $ 1,146 $ — $ 992
Acquisitions of businesses, net of cash
acquired ....................... — (37) — — (37)
Proceeds from sales of property and
investments .................... — 46 40 — 86
Net increase in investments and
restricted cash .................. — (51) (138) — (189)
Purchases of property and equipment . . — (396) (101) — (497)
Net investing with Affiliates ......... — — (235) 235 —
Net cash provided by (used in) investing
activities ....................... — (438) (434) 235 (637)
Proceeds from debt issuances ........ — 5 12 — 17
Repayments of long-term debt ........ — (238) (24) — (262)
Increase in short-term borrowings,
primarily 90 days or less .......... — 280 — — 280
Purchase of treasury stock ........... — (678) — — (678)
Net borrowing with Affiliates ........ — 1,015 (780) (235) —
Net cash provided by (used in)
financing activities ............... — 384 (792) (235) (643)
Effect of exchange rate changes on cash
and cash equivalents ............... — — (161) — (161)
NET DECREASE IN CASH AND CASH
EQUIVALENTS .................. — (208) (241) — (449)
CASH AND CASH EQUIVALENTS,
BEGINNING OF YEAR ............ — 685 937 — 1,622
CASH AND CASH EQUIVALENTS,
END OF YEAR ................... $ — $ 477 $ 696 $ — $ 1,173
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