Pier 1 2010 Annual Report Download - page 62

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
Year Ended February 27, 2010
(in thousands)
Pier 1
Imports, Inc.
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Total
Cash flow from operating activities:
Net cash provided by (used in) operating
activities $ (35,825) $ 104,410 $ 1,970 $ - $ 70,555
Cash flow from investing activities:
Capital expenditures - (5,246) - - (5,246)
Proceeds from disposition of properties - 730 - - 730
Proceeds from the sale of restricted
investments - 3,897 - - 3,897
Purchase of restricted investments - (3,654) - - (3,654)
Collections of a note receivable - 1,500 - - 1,500
Net cash used in investing activities - (2,773) - - (2,773)
Cash flow from financing activities:
Proceeds from stock options exercised,
stock purchase plan and other, net 333 - - - 333
Cash dividends - 3,000 (3,000) - -
Debt issuance costs (1,738) (2,670) - - (4,408)
Advances (to) from subsidiaries 18,768 (17,133) (1,635) - -
Retirement of convertible bonds (4,753) - (26,840) - (31,593)
Net cash provided by (used in) financing
activities 12,610 (16,803) (31,475) - (35,668)
Change in cash and cash equivalents (23,215) 84,834 (29,505) - 32,114
Cash and cash equivalents at beginning of
period 61,648 62,399 31,751 - 155,798
Cash and cash equivalents at end of period $ 38,433 $ 147,233 $ 2,246 $ - $ 187,912
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