Sears 2011 Annual Report Download - page 108

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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—
continuing operations ................ $ — $ 76 $ 1,404 $ — $ 1,480
Net cash provided by operating activities—
discontinued operations ............... — — 27 27
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) (56) — (350)
Net investing with Affiliates ............. — — (164) 164 —
Net cash provided by (used in) investing
activities—continuing operations ....... — (229) (96) 164 (161)
Net cash used in investing activities—
discontinued operations ............... — — (11) — (11)
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) (13) — (319)
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 ............ — 950 (786) (164) —
Net cash provided by (used in) financing
activities—continuing operations ....... — 28 (799) (164) (935)
Net cash provided by (used in) financing
activities—discontinued operations ...... 18 (34) — (16)
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 ................ — 477 687 — 1,164
CASH AND CASH EQUIVALENTS, END
OF YEAR ........................... $ — $ 370 $ 1,310 $ — $ 1,680
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