Sears 2010 Annual Report Download - page 98

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
Condensed Consolidating Statement of Cash Flows
For the Year Ended January 29, 2011
millions Parent
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Net cash provided by (used in)
operating activities ............. $ — $ (1,115) $ 1,245 $ — $ 130
Proceeds from sales of property and
investments ................... — 16 19 — 35
Net decrease (increase) in investments
and restricted cash .............. — 3 (3) — —
Purchases of property and
equipment .................... — (369) (72) — (441)
Net investing with Affiliates ........ — — (288) 288 —
Net cash provided by (used in)
investing activities .............. — (350) (344) 288 (406)
Proceeds from debt issuances ....... 1,246 — 206 — 1,452
Repayments of long-term debt ...... — (51) (435) — (486)
Increase in short-term borrowings,
primarily 90 days or less ......... — 35 — — 35
Debt issuance costs ............... — (18) (12) — (30)
Purchase of Sears Canada shares ..... — (560) (43) — (603)
Sears Canada dividends paid to
minority shareholders ........... — 639 (708) — (69)
Purchase of treasury stock .......... — (394) — — (394)
Net borrowing with Affiliates ....... (1,106) 2,222 (828) (288) —
Net cash provided by (used in)
financing activities ............. 140 1,873 (1,820) (288) (95)
Effect of exchange rate changes on cash
and cash equivalents .............. — — 57 — 57
NET INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS .......... 140 408 (862) — (314)
CASH AND CASH EQUIVALENTS,
BEGINNING OF YEAR .............. — 370 1,319 — 1,689
CASH AND CASH EQUIVALENTS, END
OF YEAR .......................... $ 140 $ 778 $ 457 $ — $ 1,375
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