Sears 2013 Annual Report Download - page 124

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
124
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