Sears 2014 Annual Report Download - page 130

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
130
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 decrease 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)
Decrease 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