Rue 21 2012 Annual Report Download - page 36

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A summary of operating, investing and financing activities are shown in the following table:
Fiscal Year Ended
February 2,
2013
January 28,
2012
January 29,
2011
(in thousands)
Provided by operating activities .......................... $74,979 $ 74,200 $ 61,643
Used for investing activities ............................. (50,127) (83,552) (40,480)
(Used for) Provided by financing activities ................. (23,293) 1,201 2,197
Increase (Decrease) in cash and cash equivalents ............. $1,559 $ (8,151) $ 23,360
Operating Activities
Operating activities consist primarily of net income adjusted for non-cash items, including depreciation and
amortization, deferred taxes, the effect of working capital changes and tenant allowances received from landlords.
Fiscal Year Ended
February 2,
2013
January 28,
2012
January 29,
2011
(in thousands)
Net income ........................................... $43,901 $ 38,950 $ 30,244
Adjustments to reconcile net income to net cash provided by
operating activities:
Depreciation and amortization ........................... 32,961 26,618 21,980
Deferred taxes ........................................ (2,749) 5,837 664
Share-based compensation .............................. 10,480 4,943 2,240
Merchandise inventory ................................. (26,133) (35,085) (23,358)
Accounts payable ...................................... 4,847 22,287 21,821
Other working capital components ........................ 12,448 10,652 9,157
All other ............................................. (776) (2) (1,105)
Net cash provided by operating activities ................... $74,979 $ 74,200 $ 61,643
During fiscal year 2012, we generated $75.0 million in cash from operating activities. Our major source of cash
from operations was attributable to net income of $43.9 million offset by merchandise inventory required by
operations of $26.1 million. Non-cash charges included depreciation and amortization of $33.0 million and stock
compensation of $10.5 million.
During fiscal year 2011, we generated $74.2 million in cash from operating activities. Our major source of cash
from operations was attributable to net income of $39.0 million and an increase in accounts payable of
$22.3 million. Net cash was reduced for additional merchandise inventory required by operations of $35.1 million.
Non-cash charges included depreciation and amortization of $26.6 million and stock compensation of $4.9 million.
During fiscal year 2010, we generated $61.6 million in cash from operating activities. Our major source of cash
from operations was attributable to net income of $30.2 million and an increase in accounts payable of
$21.7 million. Net cash was reduced for additional merchandise inventory required by operations of $23.4 million.
Non-cash charges included depreciation and amortization of $22.0 million and stock compensation of $2.2 million.
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