Sears 2015 Annual Report Download - page 117

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Condensed Consolidating Statement of Cash Flows
For the Year Ended January€30, 2016
€
millions Parent
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Net cash provided by (used in) operating
activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $395 $(3,021) $ 938 $(479) $ (2,167)
Proceeds from sales of property and investments — 2,725 5 — 2,730
Purchases of property and equipment . . . . . . . . . — (202)(9)— (211)
Net investing with Affiliates . . . . . . . . . . . . . . . . (395)— (446)841 —
Net cash provided by (used in) investing
activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (395)2,523 (450)841 2,519
Repayments of long-term debt. . . . . . . . . . . . . . . — (1,403)(2)— (1,405)
Increase in short-term borrowings, primarily 90
days or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 583 — — 583
Proceeds from sale-leaseback financing . . . . . . . — 508 — — 508
Debt issuance costs . . . . . . . . . . . . . . . . . . . . . . . — (50)— — (50)
Intercompany dividend. . . . . . . . . . . . . . . . . . . . . — (479)479 —
Net borrowing with Affiliates . . . . . . . . . . . . . . . — 841 — (841)—
Net cash provided by (used in) financing
activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 479 (481)(362)(364)
NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS. . . . . . . . . . . . . . . . . . . . . . — (19)7 — (12)
CASH AND CASH EQUIVALENTS, BEGINNING
OF YEAR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 219 31 — 250
CASH AND CASH EQUIVALENTS, END OF
YEAR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $—$200 $38 $—$238
€
SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
117