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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Guitar Center Holdings, Inc.) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities:  
Net loss$ (64,786)$ (54,175)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:  
Depreciation and amortization77,48778,555
Net loss on disposal of property and equipment4,786506
Amortization of deferred financing fees2,1541,898
Payment in-kind interest expense 54,318
Stock-based compensation1,3191,427
Deferred income taxes(38,219)(30,704)
Changes in operating assets and liabilities:  
Accounts receivable1,6321,481
Merchandise inventories(81,817)(23,371)
Prepaid expenses and other current assets(2,662)13,215
Other assets, net11240
Accounts payable34,44324,654
Accrued expenses and other current liabilities17,432(9,925)
Merchandise advances(3,749)(2,826)
Other long-term liabilities2,9343,460
Net cash provided by (used in) operating activities(48,934)58,553
Investing activities:  
Purchase of property and equipment(35,086)(34,342)
Acquisition of intangible assets (250)
Proceeds from disposal of property and equipment3,98232
Net cash used in investing activities(31,104)(34,560)
Financing activities:  
Repayment of long-term debt(480)(20,590)
Repurchase of common stock(286) 
Financing fees(8,400) 
Net cash used in financing activities(9,166)(20,590)
Net increase (decrease) in cash(89,204)3,403
Cash at beginning of period193,767119,701
Cash at end of period104,563123,104
Cash paid during the period for:  
Interest86,56041,130
Income taxes$ 1,847$ 2,485