Sears 2014 Annual Report Download - page 129

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
129
Condensed Consolidating Statement of Cash Flows
For the Year Ended February 1, 2014
millions Parent Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Net cash provided by (used in) operating
activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ (2,344) $ 1,235 $ — $ (1,109)
Proceeds from sales of property and investments .— 155 840 — 995
Net increase in investments and restricted cash . . — — (2) — (2)
Purchases of property and equipment . . . . . . . . . . — (258) (71) — (329)
Net investing with Affiliates . . . . . . . . . . . . . . . . . — — 245 (245) —
Net cash provided by (used in) investing
activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (103) 1,012 (245) 664
Proceeds from debt issuances . . . . . . . . . . . . . . . . — 990 4 — 994
Repayments of long-term debt . . . . . . . . . . . . . . . — (65) (18) — (83)
Increase in short-term borrowings, primarily 90
days or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 238 — — 238
Debt issuance costs . . . . . . . . . . . . . . . . . . . . . . . . — (14) — — (14)
Sears Canada dividend paid to noncontrolling
shareholders. . . . . . . . . . . . . . . . . . . . . . . . . . . . — 243 (476) — (233)
Intercompany dividend . . . . . . . . . . . . . . . . . . . . . 604 92 (696) — —
Net borrowing with Affiliates . . . . . . . . . . . . . . . . (604) 1,180 (821) 245 —
Net cash provided by (used in) financing
activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 2,664 (2,007) 245 902
Effect of exchange rate changes on cash and cash
equivalents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — (38) — (38)
NET DECREASE IN CASH AND CASH
EQUIVALENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 217 202 — 419
CASH AND CASH EQUIVALENTS, BEGINNING
OF YEAR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 320 289 — 609
CASH AND CASH EQUIVALENTS, END OF
YEAR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ 537 $ 491 $ — $ 1,028