Invacare 2008 Annual Report Download - page 112

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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, 2006
Net Cash Provided (Used) by
Operating Activities ............. $ (15,229) $ 21,057 $ 73,996 $(17,370) $ 62,454
Investing Activities
Purchases of property and equipment . . . (6,974) (2,440) (12,375) — (21,789)
Proceeds from sale of property and
equipment ...................... — 11 2,287 — 2,298
Business acquisitions, net of cash
acquired ........................ — — (15,296) — (15,296)
(Increase) decrease in other
investments ..................... (7,604) (3,000) — 10,856 252
Increase in other long-term assets ...... (850) — — — (850)
Other ............................ 673 — 266 — 939
Net Cash Provided (Used) for
Investing Activities .............. (14,755) (5,429) (25,118) 10,856 (34,446)
Financing Activities
Proceeds from revolving lines of credit,
securitization facility and long-term
borrowings ..................... 593,876 — 278,673 — 872,549
Payments on revolving lines of credit,
securitization facility and long-term
borrowings ..................... (536,019) (122) (309,959) — (846,100)
Proceeds from exercise of stock
options ......................... 2,364 — — — 2,364
Payment of dividends ............... (1,589) (17,370) — 17,370 (1,589)
Capital contributions ................ — 3,020 7,836 (10,856) —
Net Cash Provided (Used) by
Financing Activities .............. 58,632 (14,472) (23,450) 6,514 27,224
Effect of exchange rate changes on cash .... — — 1,347 — 1,347
Increase in cash and cash equivalents ....... 28,648 1,156 26,775 — 56,579
Cash and cash equivalents at beginning of
year ............................... 7,270 1,046 17,308 — 25,624
Cash and cash equivalents at end of year .... $ 35,918 $ 2,202 $ 44,083 $ — $ 82,203
FS-46