Invacare 2015 Annual Report Download - page 129

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INVACARE CORPORATION AND SUBSIDIAIRIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-57
CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS
The
company
(Parent)
Combined
Guarantor
Subsidiaries
Combined
Non-Guarantor
Subsidiaries Eliminations Total
(in thousands)
Year ended December 31, 2015
Net Cash Provided (Used) by
Operating Activities . . . . . . . . . . . $ (26,382) $ 2,125 $ 18,774 $ 105 $ (5,378)
Investing Activities
Purchases of property and equipment . (464) (704)(6,354) — (7,522)
Proceeds from sale of property and
equipment . . . . . . . . . . . . . . . . . . . . . . 23,040 52 25 — 23,117
Proceeds from sale of businesses . . . . — 13,700 — — 13,700
Decrease in other long-term assets . . . 14,488 — 515 — 15,003
Other . . . . . . . . . . . . . . . . . . . . . . . . . . — 5 178 (105) 78
Net Cash Provided (Used) for
Investing Activities . . . . . . . . . . . . 37,064 13,053 (5,636)(105) 44,376
Financing Activities
Proceeds from revolving lines of
credit and long-term borrowings. . . . . 214,755 — 4,848 — 219,603
Payments on revolving lines of credit
and long-term borrowings. . . . . . . . . . (217,589) (15,219) — — (232,808)
Proceeds from exercise of equity
awards . . . . . . . . . . . . . . . . . . . . . . . . . 2,402 — — — 2,402
Payment of financing costs . . . . . . . . . (1,954) — — — (1,954)
Payment of dividends . . . . . . . . . . . . . (1,589) — — — (1,589)
Net Cash Used (Provided) by
Financing Activities . . . . . . . . . . . (3,975) (15,219) 4,848 — (14,346)
Effect of exchange rate changes on cash . . — — (3,528) — (3,528)
Increase (decrease) in cash and cash
equivalents . . . . . . . . . . . . . . . . . . . . . . . . . 6,707 (41) 14,458 — 21,124
Cash and cash equivalents at beginning of
year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,340 355 31,236 — 38,931
Cash and cash equivalents at end of year. . $ 14,047 $ 314 $ 45,694 $ — $ 60,055