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Table of Contents CDW CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
101
Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2014
(in millions) Parent
Guarantor
Subsidiary
Issuer
Guarantor
Subsidiaries
Non-Guarantor
Subsidiary
Co-Issuer
Consolidating
Adjustments
Consolidated
Net cash (used in) provided by
operating activities
$
—
$
(
120.4
)
$
547.7
$
11.8
$
—
$
(
4.1
)
$
435.0
Cash flows from investing activities:
Capital expenditures
—
(
47.9
)
(7.1
)
—
—
—
(
55.0
)
Payment for equity investments
—
(
86.8
)
—
—
—
—
(
86.8
)
Payment of accrued charitable
contribution related to the MPK
Coworker Incentive Plan II
—
(
20.9
)
—
—
—
—
(
20.9
)
Premium payments on interest
rate cap agreements
—
(
2.1
)
—
—
—
—
(
2.1
)
Net cash used in investing activities
—
(
157.7
)
(7.1
)
—
—
—
(
164.8
)
Cash flows from financing activities:
Repayments of long-term debt
—
(
15.4
)
—
—
—
—
(
15.4
)
Proceeds from issuance of long-
term debt
—
1,175.0
—
—
—
—
1,175.0
Payments to extinguish long-
term debt
—
(
1,299.0
)
—
—
—
—
(
1,299.0
)
Payment of debt financing costs
—
(
21.9
)
—
—
—
—
(
21.9
)
Net change in accounts payable-
inventory financing
—
—
75.5
—
—
—
75.5
Proceeds from stock option
exercises
—
1.3
—
—
—
—
1.3
Proceeds from Coworker stock
purchase plan
—
5.8
—
—
—
—
5.8
Dividends paid
(33.6
)
—
—
—
—
—
(
33.6
)
Excess tax benefits from equity-
based compensation
—
0.3
—
—
—
—
0.3
Advances to/from affiliates
33.6
581.9
(616.1
)
0.6
—
—
—
Net cash provided by (used in)
financing activities
—
428.0
(540.6
)
0.6
—
—
(
112.0
)
Effect of exchange rate changes on
cash and cash equivalents
—
—
—
(
1.8
)
—
—
(
1.8
)
Net increase in cash and cash
equivalents
—
149.9
—
10.6
—
(
4.1
)
156.4
Cash and cash equivalents –
beginning of period
—
196.5
—
14.0
—
(
22.4
)
188.1
Cash and cash equivalents – end of
period
$
—
$
346.4
$
—
$
24.6
$
—
$
(
26.5
)
$
344.5