Pier 1 2008 Annual Report Download - page 55

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CONSOLIDATING CONDENSED STATEMENT OF CASH FLOW
Year Ended March 1, 2008
(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 .............. $ 7,230 $(94,318) $ 4,014 $— $ (83,074)
Cash flow from investing activities:
Capital expenditures ............. — (7,153) — — (7,153)
Proceeds from disposition of
properties ................... — 5,674 — — 5,674
Proceeds from the sale of restricted
investments.................. — 6,986 — — 6,986
Purchase of restricted investments . . . — (589) — — (589)
Collections of principal on beneficial
interest in securitized receivables. . — 1,500 — — 1,500
Net cash provided by investing
activities ..................... — 6,418 — — 6,418
Cash flow from financing activities:
Proceeds from stock options
exercised, stock purchase plan and
other, net ................... 3,909 — — — 3,909
Debt issuance costs ............. — (998) — — (998)
Advances (to) from subsidiaries . . . . (69,272) 72,023 (2,751) — —
Net cash provided by (used in)
financing activities .............. (65,363) 71,025 (2,751) — 2,911
Change in cash and cash equivalents . . . (58,133) (16,875) 1,263 — (73,745)
Cash and cash equivalents at beginning
of period ..................... 111,163 43,699 12,316 — 167,178
Cash and cash equivalents at end of
period ....................... $ 53,030 $ 26,824 $13,579 $— $ 93,433
53
Pier 1 Imports, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)