American Eagle Outfitters 2013 Annual Report Download - page 7

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Table of Contents
AMERICAN EAGLE OUTFITTERS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Refer to Notes to Consolidated Financial Statements
6
13 Weeks Ended
(In thousands)
May 3,
2014
May 4,
2013
Operating activities:
Net income
$
3,866
$
27,976
Adjustments to reconcile net income to net cash used for operating activities:
Depreciation and amortization
32,786
35,926
Share
-
based compensation
3,188
5,289
Deferred income taxes
3,833
23,235
Foreign currency transaction loss
96
640
Changes in assets and liabilities:
Merchandise inventory
(37,057
)
(8,375
)
Accounts receivable
5,709
(8,942
)
Prepaid expenses and other
(2,949
)
(20,497
)
Other assets
(4,354
)
(12,524
)
Accounts payable
2,112
(15,811
)
Unredeemed gift cards and gift certificates
(11,690
)
(12,981
)
Deferred lease credits
1,782
10,752
Accrued compensation and payroll taxes
7,872
(37,537
)
Accrued income and other taxes
1,590
(24,103
)
Accrued liabilities
(11,128
)
(1,732
)
Total adjustments
(8,210
)
(66,660
)
Net cash used for operating activities
(4,344
)
(38,684
)
Investing activities:
Capital expenditures for property and equipment
(72,015
)
(45,657
)
Acquisition of intangible assets
(640
)
(295
)
Purchase of available
-
for
-
sale securities
—
(
15,217
)
Sale of available
-
for
-
sale securities
10,002
23,778
Net cash used for investing activities
(62,653
)
(37,391
)
Financing activities:
Payments on capital leases
(1,391
)
(2,564
)
Repurchase of common stock as part of publicly announced programs
—
(
33,051
)
Repurchase of common stock from employees
(7,389
)
(23,291
)
Net proceeds from stock options exercised
6,755
1,523
Excess tax benefit from share
-
based payments
696
8,101
Cash dividends paid
(24,299
)
—
Net cash used for financing activities
(25,628
)
(49,282
)
Effect of exchange rates changes on cash
1,391
(587
)
Net decrease in cash and cash equivalents
(91,234
)
(125,944
)
Cash and cash equivalents
—
beginning of period
418,933
509,119
Cash and cash equivalents
—
end of period
$
327,699
$
383,175
Supplemental disclosure of cash flow information:
Cash paid during the period for income taxes
$
7,995
$
33,023
Cash paid during the period for interest
$
200
$
100