Barnes and Noble 2010 Annual Report Download - page 35

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CONSOLIDATED STATEMENTS OF CASH FLOWS
FISCAL YEAR (In thousands) Fiscal 2010
13 Weeks Ended
May 2, 2009 Fiscal 2008 Fiscal 2007
Net (decrease) increase in cash and cash equivalents (25,629) (195,014) (53,472) 11,565
Cash and cash equivalents at beginning of year 86,594 281,608 335,080 323,515
Cash and cash equivalents at end of year $ 60,965 86,594 281,608 335,080
CHANGES IN OPERATING ASSETS AND LIABILITIES, NET:
Receivables, net 119,358 10,150 13,881 3,037
Merchandise inventories 228,822 (30,285) 154,699 (12,436)
Prepaid expenses and other current assets (56,675) (462) (1,985) (4,425)
Accounts payable and accrued liabilities (352,208) (169,214) (93,895) 104,075
Changes in operating assets and liabilities, net $ (60,703) (189,811) 72,700 90,251
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid (received) during the period for:
Interest paid (received) $ 12,305 73 1,812 (8,251)
Income taxes (net of refunds) $ 31,461 37,735 50,383 60,716
Supplemental disclosure of subsidiaries acquired:
Assets acquired (net of cash acquired) $ 1,416,134 18,501 — —
Liabilities assumed 1,227,945 2,772 — —
Cash paid $ 188,189 15,729 — —
NONCASH ACTIVITIES
Note receivable on sale of Calendar Club $ — 6,000 — —
Notes payable on acquisition of Barnes & Noble College
Booksellers, Inc. $ 250,000 — — —
See accompanying notes to consolidated financial statements.
2010 Annual Report 33