Invacare 2013 Annual Report Download - page 129

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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-55
CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS
The
Company
(Parent)
Combined
Guarantor
Subsidiaries
Combined
Non-Guarantor
Subsidiaries Eliminations Total
(in thousands)
Year ended December 31, 2011
Net Cash Provided (Used) by
Operating Activities . . . . . . . . . . . $ 38,724 $ 49,396 $ 65,516 $ (54,558) $ 99,078
Investing Activities
Purchases of property and equipment. (6,887) (5,316)(9,957) — (22,160)
Proceeds from sale of property and
equipment . . . . . . . . . . . . . . . . . . . . . . — 16 48 — 64
Business acquisitions, net of cash
acquired. . . . . . . . . . . . . . . . . . . . . . . . —(42,430) — — (42,430)
Other long-term assets . . . . . . . . . . . . (731) — 7 — (724)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . (219) 73 133 — (13)
Net Cash Used for Investing
Activities . . . . . . . . . . . . . . . . . . . . (7,837) (47,657)(9,769) — (65,263)
Financing Activities
Proceeds from revolving lines of
credit and long-term borrowings. . . . . 450,595 — — — 450,595
Payments on revolving lines of credit
and long-term borrowings. . . . . . . . . . (438,766) (2,111)(13,690) — (454,567)
Proceeds from exercise of stock
options. . . . . . . . . . . . . . . . . . . . . . . . . 4,139 — — — 4,139
Payment of financing costs . . . . . . . . . (24,113) — — — (24,113)
Payment of dividends . . . . . . . . . . . . . (1,588) — (54,558) 54,558 (1,588)
Purchase of treasury stock. . . . . . . . . . (21,548) — — — (21,548)
Net Cash Provided (Used) by
Financing Activities . . . . . . . . . . . (31,281) (2,111)(68,248) 54,558 (47,082)
Effect of exchange rate changes on cash . . — — (271) — (271)
Increase (Decrease) in cash and cash
equivalents . . . . . . . . . . . . . . . . . . . . . . . . . (394) (372)(12,772) — (13,538)
Cash and cash equivalents at beginning of
year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,036 2,476 41,950 — 48,462
Cash and cash equivalents at end of year. . $ 3,642 $ 2,104 $ 29,178 $ — $ 34,924