Staples 2007 Annual Report Download - page 133

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STAPLES, INC. AND SUBSIDIARIES
Notes To Consolidated Financial Statements (Continued)
NOTE L Guarantor Subsidiaries (Continued)
Condensed Consolidating Statement of Cash Flows
For the year ended February 2, 2008
(in thousands)
Non-
Staples, Inc. Guarantor Guarantor
(Parent Co.) Subsidiaries Subsidiaries Consolidated
Net cash provided by operating activities .................. $ 794,537 $ 315,338 $ 251,141 $ 1,361,016
Investing activities: .................................
Acquisition of property, equipment and lease rights ........ (79,192) (257,154) (134,031) (470,377)
Acquisition of businesses and investments in joint ventures, — (82,202) (95,875) (178,077)
net of cash acquired .............................
Purchase of short-term investments .................... (4,148,716) — — (4,148,716)
Proceeds from the sale of short-term investments .......... 4,579,460 — — 4,579,460
Cash provided by (used in) investing activities .............. 351,552 (339,356) (229,906) (217,710)
Financing activities: .................................
Payments on borrowings ............................ (206,515) — — (206,515)
Purchase of treasury stock, net ....................... (760,977) (760,977)
Excess tax benefits from stock-based compensation 649 16,943 965 18,557
arrangements ..................................
Cash dividends paid ............................... (207,552) — — (207,552)
Other ......................................... 190,300 — — 190,300
Cash (used in) provided by financing activities .............. (984,095) 16,943 965 (966,187)
Effect of exchange rate changes on cash .................. — — 50,658 50,658
Net increase (decrease) in cash ........................ 161,994 (7,075) 72,858 227,777
Cash and cash equivalents at beginning of period ........... 476,549 49,687 491,435 1,017,671
Cash and cash equivalents at end of period ................ $ 638,543 $ 42,612 $ 564,293 $ 1,245,448
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