Staples 2007 Annual Report Download - page 134

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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 3, 2007
(in thousands)
Non-
Staples, Inc. Guarantor Guarantor
(Parent Co.) Subsidiaries Subsidiaries Consolidated
Net cash provided by operating activities .................. $ 663,676 $ 387,110 $100,215 $ 1,151,001
Investing activities: .................................
Acquisition of property, equipment and lease rights ........ (72,465) (387,127) (68,883) (528,475)
Acquisition of businesses and investments in joint ventures, — (29,654) (2,096) (31,750)
net of cash acquired .............................
Purchase of short-term investments .................... (8,223,063) — — (8,223,063)
Proceeds from the sale of short-term investments .......... 8,358,384 — — 8,358,384
Cash provided by (used in) investing activities .............. 62,856 (416,781) (70,979) (424,904)
Financing activities:
Payments on borrowings ............................ (5,191) — — (5,191)
Purchase of treasury stock, net ....................... (775,822) (775,822)
Excess tax benefits from stock-based compensation 2,958 29,968 3,143 36,069
arrangements ..................................
Cash dividends paid ............................... (160,883) — — (160,883)
Other ......................................... 209,251 — — 209,251
Cash (used in) provided by financing activities .............. (729,687) 29,968 3,143 (696,576)
Effect of exchange rate changes on cash .................. — — 10,328 10,328
Net (decrease) increase in cash ........................ (3,155) 297 42,707 39,849
Cash and cash equivalents at beginning of period ........... 479,704 49,390 448,728 977,822
Cash and cash equivalents at end of period ................ $ 476,549 $ 49,687 $491,435 $ 1,017,671
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