Express 2011 Annual Report Download - page 97

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EXPRESS, INC.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
(Amounts in thousands)
2009
Express, Inc.
Subsidiary
Issuers
Guarantor
Subsidiaries
Other
Subsidiaries Eliminations
Consolidated
Total
Operating Activities
Net cash provided by (used in)
operating activities .......... $ 317 $237,586 $— $(37,182) $ — $ 200,721
Investing Activities
Capital expenditures ........... — (26,853) — — — (26,853)
Purchase of intangible assets .... — (20) — — — (20)
Dividends received ............ 33,000 — — 76,363 (109,363) —
Net cash provided by (used in)
investing activities .......... 33,000 (26,873) — 76,363 (109,363) (26,873)
Financing Activities
Repayments of short-term debt
arrangements ............... — (75,000) — — — (75,000)
Repayments of long-term debt
arrangements ............... — (937) — (6,181) — (7,118)
Costs incurred in connection with
debt arrangements and Senior
Notes ..................... — (123) — — — (123)
Costs incurred in connection with
equity offering ............. (317) — — — — (317)
Repurchase of equity interests . . . — (3) — — — (3)
Distributions ................. (33,000) (76,363) — (33,000) 109,363 (33,000)
Issuance of restricted shares ..... — 2 — — — 2
Net cash provided by (used in)
financing activities .......... (33,317) (152,424) — (39,181) 109,363 (115,559)
Net increase (decrease) in cash
and cash equivalents ......... — 58,289 — — — 58,289
Cash and cash equivalents,
beginning of period .......... 192 175,923 — — — 176,115
Cash and cash equivalents, end of
period .................... $ 192 $234,212 $— $ — $ — $ 234,404
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