Sears 2012 Annual Report Download - page 115

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
115
Condensed Consolidating Statement of Cash Flows
For the Year Ended February 2, 2013
millions Parent Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Net cash provided by (used in)
operating activities . . . . . . . . . . . . . $ — $ (1,356) $ 1,053 $ — $ (303)
Proceeds from sales of property and
investments . . . . . . . . . . . . . . . . . . . — 353 179 — 532
Net increase in investments and
restricted cash . . . . . . . . . . . . . . . . . — — 37 — 37
Purchases of property and equipment. —(293)(85) — (378)
Net investing with Affiliates. . . . . . . . — — (236) 236 —
Net cash provided by (used in)
investing activities. . . . . . . . . . . . . . — 60 (105) 236 191
Proceeds from debt issuances. . . . . . . — — 5 — 5
Repayments of long-term debt . . . . . . —(214)(121) — (335)
Increase in short-term borrowings,
primarily 90 days or less. . . . . . . . . —(81) — — (81)
Sears Hometown and Outlet Stores,
Inc. pre-separation funding . . . . . . . — 100 — — 100
Intercompany dividend. . . . . . . . . . . . 100 (100) — — —
Proceeds from the sale of Sears
Hometown and Outlet Stores, Inc. . 347 — — — 347
Debt issuance costs. . . . . . . . . . . . . . . —(3) — — (3)
Purchase of Sears Canada shares . . . . — — (10) — (10)
Sears Canada dividend paid to
minority shareholders . . . . . . . . . . . — 52 (102) — (50)
Net borrowing with Affiliates. . . . . . . (447) 1,526 (843)(236) —
Net cash provided by (used in)
financing activities . . . . . . . . . . . . . — 1,280 (1,071)(236)(27)
Effect of exchange rate changes on cash
and cash equivalents. . . . . . . . . . . . . . . . — — 1 — 1
NET DECREASE IN CASH AND CASH
EQUIVALENTS. . . . . . . . . . . . . . . . . . . —(16)(122) — (138)
CASH AND CASH EQUIVALENTS,
BEGINNING OF YEAR . . . . . . . . . . . . — 336 411 — 747
CASH AND CASH EQUIVALENTS,
END OF YEAR . . . . . . . . . . . . . . . . . . . $ — $ 320 $ 289 $ — $ 609