Sears 2015 Annual Report Download - page 119

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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 INCREASE 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
SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
119