XML 44 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Guitar Center Holdings, Inc.) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating activities:    
Net loss $ (23,393) $ (16,210)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 21,548 22,645
Net (gain) loss on disposal of property and equipment (1) 4
Amortization of deferred financing fees 803 784
Non-cash interest expense   82
Stock-based compensation 373 254
Deferred income taxes (53) (262)
Changes in operating assets and liabilities:    
Accounts receivable 169 5,273
Merchandise inventories 5,519 (16,772)
Prepaid expenses and other current assets (14) (4,959)
Other assets, net 4  
Accounts payable 18,431 45,009
Accrued expenses and other current liabilities 23,437 11,539
Merchandise advances (1,624) (1,714)
Other long-term liabilities 339 (501)
Net cash provided by operating activities 45,538 45,172
Investing activities:    
Purchase of property and equipment (14,119) (11,864)
Net proceeds from disposal of property and equipment 2 29
Net cash used in investing activities (14,117) (11,835)
Financing activities:    
Repayment of long-term debt (1,076) (161)
Financing fees   (731)
Net cash used in financing activities (1,076) (892)
Net increase in cash 30,345 32,445
Cash at beginning of period 74,836 106,036
Cash at end of period 105,181 138,481
Cash paid during the period for:    
Interest 9,329 9,591
Income taxes 116 443
Non-cash investing and financing activities:    
Assets acquired under capital lease $ 470