Staples 2004 Annual Report Download - page 121

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STAPLES, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
NOTE M Guarantor Subsidiaries (Continued)
Condensed Consolidating Statement of Cash Flows
For the year ended January 29, 2005
(in thousands)
Non-
Staples, Inc. Guarantor Guarantor
(Parent Co.) Subsidiaries Subsidiaries Consolidated
Net cash provided by operating activities ................ $ 697,878 $163,368 $317,962 $ 1,179,208
Investing activities:
Acquisition of property, equipment and lease rights ...... (62,647) (169,674) (103,114) (335,435)
Acquisition of businesses, net of cash acquired .......... — (4,901) (106,756) (111,657)
Investment in joint venture ........................ (29,330) — — (29,330)
Purchase of short-term investments .................. (10,246,652) — — (10,246,652)
Proceeds from the sale of short-term investments ........ 10,698,696 — 10,000 10,708,696
Cash provided by (used in) investing activities ............ 360,067 (174,575) (199,870) (14,378)
Financing activities:
Payments on borrowings .......................... (235,081) — — (235,081)
Purchase of treasury shares ........................ (511,730) — — (511,730)
Cash dividends paid ............................. (99,527) — — (99,527)
Other ........................................ 206,394 — — 206,394
Cash used in financing activities ...................... (639,944) — — (639,944)
Effect of exchange rate changes on cash ................ — — 14,959 14,959
Net increase (decrease) in cash ....................... 418,001 (11,207) 133,051 539,845
Cash and cash equivalents at beginning of period .......... 111,274 55,507 290,684 457,465
Cash and cash equivalents at end of period .............. $ 529,275 $ 44,300 $423,735 $ 997,310
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