Sears 2012 Annual Report Download - page 116

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
116
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 increase in investments and
restricted cash . . . . . . . . . . . . . . . . . — — 8 — 8
Purchases of property and equipment.—(342)(90) — (432)
Net investing with Affiliates. . . . . . . . — — (275) 275 —
Net cash used in investing activities –
continuing operations . . . . . . . . . . . —(270)(357) 275 (352)
Net cash provided by investing
activities – discontinued operations — — 43 — 43
Net cash 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