Invacare 2012 Annual Report Download - page 139

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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(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, 2012
Net Cash Provided (Used) by
Operating Activities ........ $ (46,194) $ 26,243 $ 14,326 $ 67,916 $ 62,291
Investing Activities
Purchases of property and
equipment ..................... (2,266) (9,643) (8,182) — (20,091)
Proceeds from sale of property and
equipment ..................... 12 23 124 — 159
Business acquisitions, net of cash
acquired ...................... — (9,000) — — (9,000)
Other long-term assets ........... (381) — 116 — (265)
Other ........................ 82,999 (10,849) 46 (72,441) (245)
Net Cash Provided (Used) for
Investing Activities ......... 80,364 (29,469) (7,896) (72,441) (29,442)
Financing Activities
Proceeds from revolving lines of
credit and long-term borrowings . . . 337,044 2,140 130 — 339,314
Payments on revolving lines of
credit and long-term borrowings . . . (367,500) — — — (367,500)
Proceeds from exercise of stock
options ....................... — — — — —
Payment of financing costs ....... (1) — — — (1)
Payment of dividends ............ (1,581) — (4,525) 4,525 (1,581)
Purchase of treasury stock ........ — — — — —
Net Cash Provided (Used) by
Financing Activities ........ (32,038) 2,140 (4,395) 4,525 (29,768)
Effect of exchange rate changes on
cash ........................... — — 786 — 786
Increase (Decrease) in cash and cash
equivalents ........................ 2,132 (1,086) 2,821 — 3,867
Cash and cash equivalents at beginning
of year ........................... 3,642 2,104 29,178 — 34,924
Cash and cash equivalents at end of
year ............................ $ 5,774 $ 1,018 $ 31,999 $ — $ 38,791
FS-59