Barnes and Noble 2011 Annual Report Download - page 35

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CONSOLIDATED STATEMENTS OF CASH FLOWS
FISCAL YEAR (In thousands) Fiscal 2011 Fiscal 2010
13 weeks ended
May 2, 2009 Fiscal 2008
Cash fl ows from discontinued operations
Operating cash fl ows — — (654) 7,242
Investing cash fl ows — — 1,000 (738)
Financing cash fl ows — — — (818)
Net cash fl ows from discontinued operations — — 346 5,686
Decrease in cash and cash equivalents (1,536) (25,629) (195,014) (53,472)
Cash and cash equivalents at beginning of year 60,965 86,594 281,608 335,080
Cash and cash equivalents at end of year $ 59,429 60,965 86,594 281,608
CHANGES IN OPERATING ASSETS AND LIABILITIES, NET
Receivables, net $ (43,718) 119,358 10,150 13,881
Merchandise inventories (5,251) 228,822 (30,285) 154,699
Prepaid expenses and other current assets 19,889 (56,675) (462) (1,985)
Accounts payable and accrued liabilities 88,289 (349,596) (169,214) (93,895)
Changes in operating assets and liabilities, net $ 59,209 (58,091) (189,811) 72,700
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid (received) during the period for:
Interest paid 45,604 12,305 73 1,812
Income taxes (net of refunds) (41,681) 31,461 37,735 50,383
Supplemental disclosure of subsidiaries acquired:
Assets acquired (net of cash acquired) 1,513 1,416,134 18,501 —
Liabilities assumed 1,213 1,227,945 2,772 —
Cash paid 300 188,189 15,729 —
NONCASH ACTIVITIES
Note receivable on sale of Calendar Club — — 6,000 —
Notes payable on Acquisition of B&N College — 250,000 — —
See accompanying notes to consolidated fi nancial statements.
2011 Annual Report 33