Express 2011 Annual Report Download - page 95

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EXPRESS, INC.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
(Amounts in thousands)
2011
Express, Inc.
Subsidiary
Issuers
Guarantor
Subsidiaries
Other
Subsidiaries Eliminations
Consolidated
Total
Operating Activities
Net cash provided by (used in)
operating activities ............ $ (278) $ 215,136 $— $ (2,249) $— $ 212,609
Investing Activities
Capital expenditures ............. — (68,289) — (8,887) — (77,176)
Purchase of intangible assets ....... — (60) — — — (60)
Net cash provided by (used in)
investing activities ............. — (68,349) — (8,887) — (77,236)
Financing Activities
Intercompany loan ............... — (12,684) — 12,684 — —
Repayments of long-term debt
arrangements ................. — (169,775) — — — (169,775)
Costs incurred in connection with
debt arrangements and Senior
Notes ....................... — (1,192) — — — (1,192)
Payments on capital lease
obligation .................... — (14) — — — (14)
Proceeds from share-based
compensation ................. 309 — — — — 309
Repurchase of common stock ...... (103) — — — — (103)
Net cash provided by (used in)
financing activities ............ 206 (183,665) — 12,684 — (170,775)
Effect of exchange rate on cash ..... — — — 2 — 2
Net increase (decrease) in cash and
cash equivalents ............... (72) (36,878) — 1,550 — (35,400)
Cash and cash equivalents, beginning
of period .................... 1,647 186,115 — — — 187,762
Cash and cash equivalents, end of
period ....................... $1,575 $ 149,237 $— $ 1,550 $— $ 152,362
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