Sears 2010 Annual Report Download - page 99

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
Condensed Consolidating Statement of Cash Flows
For the Year Ended January 30, 2010
millions Parent
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Net cash provided by operating
activities .................... $ — $ 76 $ 1,431 $ — $ 1,507
Proceeds from sales of property and
investments .................. — 22 1 — 23
Net decrease in investments and
restricted cash ................ — 43 123 — 166
Purchases of property and
equipment ................... — (294) (67) — (361)
Net investing with Affiliates ....... — — (164) 164 —
Net cash provided by (used in)
investing activities ............ — (229) (107) 164 (172)
Stock issued under executive
compensation plans ............ — 13 — — 13
Repayments of long-term debt ..... — (306) (29) — (335)
Decrease in short-term borrowings,
primarily 90 days or less ........ — (117) — — (117)
Debt issuance costs .............. — (81) — — (81)
Purchase of Sears Canada shares . . . — (7) — — (7)
Purchase of treasury stock ........ — (424) — — (424)
Net borrowing with Affiliates ...... — 968 (804) (164) —
Net cash provided by (used in)
financing activities ............ — 46 (833) (164) (951)
Effect of exchange rate changes on
cash and cash equivalents ......... — — 132 — 132
NET INCREASE (DECREASE) IN
CASH AND CASH
EQUIVALENTS ................ — (107) 623 — 516
CASH AND CASH EQUIVALENTS,
BEGINNING OF YEAR ......... — 477 696 — 1,173
CASH AND CASH EQUIVALENTS,
END OF YEAR ................ $ — $ 370 $ 1,319 $ — $ 1,689
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