Neiman Marcus 2006 Annual Report Download - page 105

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NEIMAN MARCUS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Successor) (Predecessor)
(in thousands)
Fiscal year
ended
July 28,
2007
Forty-three
weeks ended
July 29,
2006
Nine weeks
ended
October 1,
2005
Fiscal year
ended
July 30,
2005
CASH FLOWS—FINANCING ACTIVITIES
Repayment of borrowings (4,918 ) (1,078 ) — (113
Borrowings under asset-based revolving credit facility — 150,000 — —
Repayment of borrowings under asset-based revolving credit facility — (150,000 ) — —
Borrowings under senior term loan facility — 1,975,000 — —
Repayment of borrowings under senior term loan facility (250,000 ) (100,000 ) — —
Borrowings under senior notes and subordinated debt — 1,200,000 — —
Repayment of senior notes due 2008 — (134,734 ) — —
Repayment of borrowings under Credit Card Facility — — — (112,500
Debt issuance costs paid (1,449 ) (102,854 ) — —
Cash equity contributions — 1,427,739 — —
Acquisition of treasury stock — — — (3,088
Cash dividends paid — — (7,346 ) (27,398
Proceeds from purchase of common stock, exercises of stock options and
restricted stock grants 1,148 — — 16,100
Net cash (used for) provided by financing activities — continuing
operations (255,219 ) 4,264,073 (7,346 ) (126,999
Net cash (used for) provided by financing activities — discontinued
operations (1,675 )(4,168 ) 5,000 (4,457
Net cash (used for) provided by financing activities (256,894 )4,259,905 (2,346 )(131,456
CASH AND CASH EQUIVALENTS
(Decrease) increase during the year (83,921 ) (619,132 ) (9,222 ) 485,115
Beginning balance 225,128 844,260 853,482 368,367
Ending balance 141,207 225,128 844,260 853,482
Less cash and cash equivalents of discontinued operations — 1,388 1,056 889
Ending balance - continuing operations $ 141,207 $ 223,740 $ 843,204 $ 852,593
Supplemental Schedule of Cash Flow Information:
Cash paid during the year for:
Interest $ 259,709 $ 181,022 $ 134 $ 22,717
Income taxes $ 155,568 $ 22,815 $ 10,693 $ 144,626
Noncash activities:
Equity contribution from Holding $ — $ 25,000 $ — $ —
Equity contribution from management shareholders $ — $ 17,891 $ — $ —
Reduction in equity for deemed dividend to management
shareholders $ — $ 69,200 $ — $ —
Additions to property and equipment $ 1,733 $ 15,085 $ — $ —
Borrowings assumed by HSBC in connection with the Credit Card
Sale $ — $ — $ — $ 112,500
See Notes to Consolidated Financial Statements.
F-9