Invacare 2008 Annual Report Download - page 111

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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Supplemental Guarantor Information—Continued
CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS
The
Company
(Parent)
Combined
Guarantor
Subsidiaries
Combined
Non-Guarantor
Subsidiaries Eliminations Total
(in thousands)
Year ended December 31, 2007
Net Cash Provided (Used) by
Operating Activities ............. $ (27,319) $ 921 $ 99,498 $ 6,000 $ 79,100
Investing Activities
Purchases of property and equipment . . . (4,090) (1,350) (14,628) — (20,068)
Proceeds from sale of property and
equipment ...................... — — 501 — 501
Business acquisitions, net of cash
acquired ........................ (5,496) — — — (5,496)
Decrease in other investments ........ 155 — — — 155
Decrease in other long-term assets ..... 1,446 — — — 1,446
Other ............................ 1,404 — — — 1,404
Net Cash Used for Investing
Activities ....................... (6,581) (1,350) (14,127) — (22,058)
Financing Activities
Proceeds from revolving lines of credit,
securitization facility and long-term
borrowings ..................... 648,071 — 50,930 — 699,001
Payments on revolving lines of credit,
securitization facility and long-term
borrowings ..................... (598,412) — (155,590) — (754,002)
Proceeds from exercise of stock
options ......................... 44 — — — 44
Payment of dividends ............... (1,596) — — — (1,596)
Payment of financing costs ........... (22,992) — — — (22,992)
Capital contributions ................ — — 6,000 (6,000) —
Net Cash Provided (Used) by
Financing Activities .............. 25,115 — (98,660) (6,000) (79,545)
Effect of exchange rate changes on cash .... — — 2,500 — 2,500
Decrease in cash and cash equivalents ...... (8,785) (429) (10,789) — (20,003)
Cash and cash equivalents at beginning of
year ............................... 35,918 2,202 44,083 — 82,203
Cash and cash equivalents at end of year .... $ 27,133 $ 1,773 $ 33,294 $ — $ 62,200
FS-45