Sears 2012 Annual Report Download - page 117

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
117
Condensed Consolidating Statement of Cash Flows
For the Year Ended January 29, 2011
millions Parent Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Net cash provided by (used in)
operating activities – continuing
operations . . . . . . . . . . . . . . . . . . $ — $ (1,115) $ 1,192 $ — $ 77
Net cash provided by operating
activities – discontinued
operations . . . . . . . . . . . . . . . . . . — — 46 — 46
Net cash provided by (used in)
operating activities . . . . . . . . . . . — (1,115) 1,238 — 123
Proceeds from sales of property
and investments. . . . . . . . . . . . . . — 16 19 — 35
Net (decrease) increase in
investments and restricted cash. . — 3 (3) — —
Purchases of property and
equipment . . . . . . . . . . . . . . . . . . — (369) (57) — (426)
Net investing with Affiliates. . . . . . — — (288) 288 —
Net cash used in investing
activities – continuing
operations . . . . . . . . . . . . . . . . . . — (350) (329) 288 (391)
Net cash used in investing
activities – discontinued
operations . . . . . . . . . . . . . . . . . . — — (15) — (15)
Net cash used in investing
activities . . . . . . . . . . . . . . . . . . . — (350) (344) 288 (406)
Proceeds from debt issuances . . . . . 1,246 — 107 — 1,353
Repayments of long-term debt . . . . — (51) (307) — (358)
Increase in short-term borrowings,
primarily 90 days or less. . . . . . . — 35 — — 35
Debt issuance costs. . . . . . . . . . . . . — (18) (10) — (28)
Purchase of Sears Canada shares . . — (560) (43) — (603)
Sears Canada dividends paid to
minority shareholders . . . . . . . . . — 639 (708) (69)
Purchase of treasury stock . . . . . . . — (394) — — (394)
Net borrowing with Affiliates. . . . . (1,106) 2,207 (813) (288) —
Net cash provided by (used in)
financing activities – continuing
operations . . . . . . . . . . . . . . . . . . 140 1,858 (1,774) (288) (64)
Net cash provided by (used in)
financing activities –
discontinued operations . . . . . . . — 15 (46) — (31)
Net cash provided by (used in)
financing activities . . . . . . . . . . . 140 1,873 (1,820) (288) (95)
Effect of exchange rate changes on cash
and cash equivalents . . . . . . . . . . . . . . — — 57 — 57
NET INCREASE (DECREASE) IN
CASH AND CASH EQUIVALENTS 140 408 (869) — (321)
CASH AND CASH EQUIVALENTS,
BEGINNING OF YEAR . . . . . . . . . . — 370 1,310 — 1,680
CASH AND CASH EQUIVALENTS,
END OF YEAR . . . . . . . . . . . . . . . . . $ 140 $ 778 $ 441 $ — $ 1,359