Invacare 2011 Annual Report Download - page 123

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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, 2010
Net Cash Provided (Used) by Operating
Activities ........................ $101,658 $ 15,427 $ 44,442 $(39,320) $ 122,207
Investing Activities
Purchases of property and equipment .... (7,281) (1,567) (8,505) — (17,353)
Proceeds from sale of property and
equipment ....................... — — 36 — 36
Business acquisitions, net of cash
acquired ......................... — (13,725) — — (13,725)
Other long-term assets ................ 291 (11) 521 — 801
Other ............................. 153 (174) (355) — (376)
Net Cash Used for Investing
Activities ........................ (6,837) (15,477) (8,303) — (30,617)
Financing Activities
Proceeds from revolving lines of credit
and long-term borrowings ........... 689,022 — 19,720 — 708,742
Payments on revolving lines of credit and
long-term borrowings .............. (751,660) — — — (751,660)
Proceeds from exercise of stock
options .......................... 2,912 — — — 2,912
Payment of financing costs ............ (30,329) — — — (30,329)
Payment of dividends ................ (1,612) — (39,320) 39,320 (1,612)
Purchase of treasury stock ............. (5,687) — — — (5,687)
Net Cash Provided (Used) by Financing
Activities ........................ (97,354) — (19,600) 39,320 (77,634)
Effect of exchange rate changes on cash ...... — — (2,995) — (2,995)
Increase (Decrease) in cash and cash
equivalents ........................... (2,533) (50) 13,544 — 10,961
Cash and cash equivalents at beginning of
year ................................ 6,569 2,526 28,406 — 37,501
Cash and cash equivalents at end of year ..... $ 4,036 $ 2,476 $ 41,950 $ — $ 48,462
FS-51