Express 2010 Annual Report Download - page 111

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EXPRESS, INC.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
(Amounts in thousands)
2008
Express, Inc.
Subsidiary
Issuers
Guarantor
Subsidiaries
Other
Subsidiaries Eliminations
Consolidated
Total
Operating Activities
Net cash provided by (used in)
operating activities .......... $ 192 $ 44,424 $— $ (9,382) $ — $ 35,234
Investing Activities
Capital expenditures ........... — (50,551) — — — (50,551)
Purchase of intangible asset ..... — (1,250) — — — (1,250)
Dividends received ............ 289,548 — — 210,465 (500,013) —
Net cash provided by (used in)
investing activities .......... 289,548 (51,801) — 210,465 (500,013) (51,801)
Financing Activities
Borrowings under short-term debt
arrangements ............... — 75,000 — — — 75,000
Borrowings under long-term debt
arrangements ............... — — — 294,000 — 294,000
Repayments of long-term debt
arrangements ............... — (1,250) — — — (1,250)
Costs incurred in connection with
debt arrangements and Senior
Notes ..................... — — — (3,870) — (3,870)
Repurchase of equity units ...... — (24) — — (24)
Repayment of notes receivable . . . — 10 — — — 10
Distributions ................. (289,548) (210,465) — (491,213) 500,013 (491,213)
Net cash provided by (used in)
financing activities .......... (289,548) (136,729) — (201,083) 500,013 (127,347)
Net increase (decrease) in cash
and cash equivalents ......... 192 (144,106) — — — (143,914)
Cash and cash equivalents,
beginning of period .......... — 320,029 — — — 320,029
Cash and cash equivalents, end of
period .................... $ 192 $175,923 $— $ — $ — $ 176,115
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