Staples 2002 Annual Report Download - page 93

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STAPLES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE N Guarantor Subsidiaries (Continued)
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended February 1, 2003
(in thousands)
Non-
Staples, Inc. Guarantor Guarantor
(Parent Co.) Subsidiaries Subsidiaries Consolidated
Net cash provided by operating activities $ 654,968 $161,288 $ 98,094 $ 914,350
Investing Activities:
Acquisition of property, equipment and lease rights .............. (17,609) (157,104) (90,326) (265,039)
Acquisition of businesses, net of cash acquired ................. (1,171,187) — (1,171,187)
Cash used in investing activities ............................. (1,188,796) (157,104) (90,326) (1,436,226)
Financing Activities:
Payments on borrowings ................................. (20,235) (75,000) (95,235)
Proceeds from borrowings and other ........................ 718,296 74,526 16,496 809,318
Cash used in financing activities ............................. 698,061 (474) 16,496 714,083
Effect of exchange rate changes on cash ....................... 9,033 9,033
Net increase in cash ..................................... 164,233 3,710 33,297 201,240
Cash and cash equivalents at beginning of period ................. 226,342 53,809 114,673 394,824
Cash and cash equivalents at end of period ..................... $ 390,575 $ 57,519 $147,970 $ 596,064
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended February 2, 2002
(in thousands)
Non-
Staples, Inc. Guarantor Guarantor
(Parent Co.) Subsidiaries Subsidiaries Consolidated
Net cash provided by operating activities $310,570 $ 286,135 $ 174,203 $ 770,908
Investing Activities:
Acquisition of property, equipment and lease rights .............. (37,548) (189,888) (115,250) (342,686)
Other ............................................. 26,939 — 26,939
Cash used in investing activities ............................. (10,609) (189,888) (115,250) (315,747)
Financing Activities:
Payments on borrowings ................................. (784,471) (86,109) (15,723) (886,303)
Proceeds from borrowings and other ........................ 568,027 (8,384) 7,960 567,603
Cash used in financing activities ............................. (216,444) (94,493) (7,763) (318,700)
Effect of exchange rate changes on cash ....................... (5,197) (5,197)
Net increase in cash ..................................... 83,517 1,754 45,993 131,264
Cash and cash equivalents at beginning of period ................. 142,825 52,055 68,680 263,560
Cash and cash equivalents at end of period ..................... $226,342 $ 53,809 $ 114,673 $ 394,824
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