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Neiman Marcus 2008 Annual Report Download - page 135

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Please find page 135 of the 2008 Neiman Marcus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Intercompany royalty income

payable (receivable) — 273,584 (273,584 ) — —

Equity in (earnings) loss of

subsidiaries (142,813 ) (350,625 ) — 493,438 —

Changes in operating assets and

liabilities, net — 60,247 (128,736 )— (68,489 )

Net cash provided by operating

activities — 275,008 10,317 — 285,325

CASH FLOWS—INVESTING

ACTIVITIES

Capital expenditures — (172,237 ) (11,215 ) — (183,452 )

Purchases of short-term investments — (10,000 ) — — (10,000 )

Sales of short-term investments — 10,000 — — 10,000

Net cash used for investing activities — (172,237 )(11,215 )— (183,452 )

CASH FLOWS—FINANCING

ACTIVITIES

Repayment of borrowings — (3,900 )— — (3,900 )

Net cash used for financing activities — (3,900 )— — (3,900 )

CASH AND CASH EQUIVALENTS

Increase (decrease) during the period — 98,871 (898 ) — 97,973

Beginning balance — 139,333 1,874 — 141,207

Ending balance $ — $ 238,204 $ 976 $ — $ 239,180

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