Sears 2011 Annual Report Download - page 106

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
Condensed Consolidating Statement of Cash Flows
For the Year Ended January 28, 2012
millions Parent
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Net cash provided by (used in) operating
activities—continuing operations .... $ — $ (1,506) $ 1,199 $ — $ (307)
Net cash provided by operating
activities—discontinued operations . . . — — 32 — 32
Net cash provided by (used in) operating
activities ........................ — (1,506) 1,231 — (275)
Proceeds from sales of property and
investments ..................... — 72 — — 72
Net decrease in investments and
restricted cash ................... — — 8 — 8
Purchases of property and equipment . . . — (342) (90) — (432)
Net investing with Affiliates .......... — — (275) 275 —
Net cash provided by (used in) investing
activities—continuing operations .... — (270) (357) 275 (352)
Net cash provided by investing
activities—discontinued operations . . . — — 43 — 43
Net cash provided by (used in) investing
activities ........................ — (270) (314) 275 (309)
Proceeds from debt issuances ......... — 104 — 104
Repayments of long-term debt ........ — (481) (130) — (611)
Increase in short-term borrowings,
primarily 90 days or less ........... — 815 — — 815
Debt issuance costs ................. — (35) — — (35)
Purchase of Sears Canada shares ....... — — (43) — (43)
Purchase of treasury stock ............ — (183) — — (183)
Net borrowing with Affiliates ......... (140) 1,190 (775) (275) —
Net cash provided by (used in) financing
activities—continuing operations .... (140) 1,306 (844) (275) 47
Net cash provided by (used in) financing
activities—discontinued operations . . . — 28 (103) — (75)
Net cash provided by (used in) financing
activities ........................ (140) 1,334 (947) (275) (28)
NET DECREASE IN CASH AND CASH
EQUIVALENTS ................... (140) (442) (30) — (612)
CASH AND CASH EQUIVALENTS,
BEGINNING OF YEAR ............. 140 778 441 — 1,359
CASH AND CASH EQUIVALENTS,
END OF YEAR .................... $ — $ 336 $ 411 $ — $ 747
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