millions | Parent | Guarantor Subsidiaries | Non- Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||
Net cash provided by (used in) operating activities | $ | — | $ | (2,344 | ) | $ | 1,235 | $ | — | $ | (1,109 | ) | ||||||||
Proceeds from sales of property and investments | — | 155 | 840 | — | 995 | |||||||||||||||
Net increase in investments and restricted cash | — | — | (2 | ) | — | (2 | ) | |||||||||||||
Purchases of property and equipment | — | (258 | ) | (71 | ) | — | (329 | ) | ||||||||||||
Net investing with Affiliates | — | — | 245 | (245 | ) | — | ||||||||||||||
Net cash provided by (used in) investing activities | — | (103 | ) | 1,012 | (245 | ) | 664 | |||||||||||||
Proceeds from debt issuances | — | 990 | 4 | — | 994 | |||||||||||||||
Repayments of long-term debt | — | (65 | ) | (18 | ) | — | (83 | ) | ||||||||||||
Increase in short-term borrowings, primarily 90 days or less | — | 238 | — | — | 238 | |||||||||||||||
Debt issuance costs | — | (14 | ) | — | — | (14 | ) | |||||||||||||
Sears Canada dividend paid to noncontrolling shareholders | — | 243 | (476 | ) | — | (233 | ) | |||||||||||||
Intercompany dividend | 604 | 92 | (696 | ) | — | — | ||||||||||||||
Net borrowing with Affiliates | (604 | ) | 1,180 | (821 | ) | 245 | — | |||||||||||||
Net cash provided by (used in) financing activities | — | 2,664 | (2,007 | ) | 245 | 902 | ||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | (38 | ) | — | (38 | ) | |||||||||||||
NET DECREASE IN CASH AND CASH EQUIVALENTS | — | 217 | 202 | — | 419 | |||||||||||||||
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | — | 320 | 289 | — | 609 | |||||||||||||||
CASH AND CASH EQUIVALENTS, END OF YEAR | $ | — | $ | 537 | $ | 491 | $ | — | $ | 1,028 |
millions | Parent | Guarantor Subsidiaries | Non- Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||
Net cash provided by (used in) operating activities | $ | — | $ | (1,356 | ) | $ | 1,053 | $ | — | $ | (303 | ) | ||||||||
Proceeds from sales of property and investments | — | 353 | 179 | — | 532 | |||||||||||||||
Net decrease in investments and restricted cash | — | — | 37 | — | 37 | |||||||||||||||
Purchases of property and equipment | — | (293 | ) | (85 | ) | — | (378 | ) | ||||||||||||
Net investing with Affiliates | — | — | (236 | ) | 236 | — | ||||||||||||||
Net cash provided by (used in) investing activities | — | 60 | (105 | ) | 236 | 191 | ||||||||||||||
Proceeds from debt issuances | — | — | 5 | — | 5 | |||||||||||||||
Repayments of long-term debt | — | (214 | ) | (121 | ) | — | (335 | ) | ||||||||||||
Decrease in short-term borrowings, primarily 90 days or less | — | (81 | ) | — | — | (81 | ) | |||||||||||||
Sears Hometown and Outlet Stores, Inc. pre-separation funding | — | 100 | — | — | 100 | |||||||||||||||
Intercompany dividend | 100 | (100 | ) | — | — | — | ||||||||||||||
Proceeds from the sale of Sears Hometown and Outlet Stores, Inc. | 347 | — | — | — | 347 | |||||||||||||||
Debt issuance costs | — | (3 | ) | — | — | (3 | ) | |||||||||||||
Purchase of Sears Canada shares | — | — | (10 | ) | — | (10 | ) | |||||||||||||
Sears Canada dividend paid to minority shareholders | — | 52 | (102 | ) | — | (50 | ) | |||||||||||||
Net borrowing with Affiliates | (447 | ) | 1,526 | (843 | ) | (236 | ) | — | ||||||||||||
Net cash provided by (used in) financing activities | — | 1,280 | (1,071 | ) | (236 | ) | (27 | ) | ||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | 1 | — | 1 | |||||||||||||||
NET DECREASE IN CASH AND CASH EQUIVALENTS | — | (16 | ) | (122 | ) | — | (138 | ) | ||||||||||||
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | — | 336 | 411 | — | 747 | |||||||||||||||
CASH AND CASH EQUIVALENTS, END OF YEAR | $ | — | $ | 320 | $ | 289 | $ | — | $ | 609 |
millions | Parent | Guarantor Subsidiaries | Non- Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||
Net cash provided by (used in) operating activities – continuing operations | $ | — | $ | (1,506 | ) | $ | 1,199 | $ | — | $ | (307 | ) | ||||||||
Net cash provided by operating activities – discontinued operations | — | — | 32 | — | 32 | |||||||||||||||
Net cash provided by (used in) operating activities | — | (1,506 | ) | 1,231 | — | (275 | ) | |||||||||||||
Proceeds from sales of property and investments | — | 72 | — | — | 72 | |||||||||||||||
Net increase in investments and restricted cash | — | — | 8 | — | 8 | |||||||||||||||
Purchases of property and equipment | — | (342 | ) | (90 | ) | — | (432 | ) | ||||||||||||
Net investing with Affiliates | — | — | (275 | ) | 275 | — | ||||||||||||||
Net cash used in investing activities – continuing operations | — | (270 | ) | (357 | ) | 275 | (352 | ) | ||||||||||||
Net cash provided by investing activities – discontinued operations | — | — | 43 | — | 43 | |||||||||||||||
Net cash used in investing activities | — | (270 | ) | (314 | ) | 275 | (309 | ) | ||||||||||||
Proceeds from debt issuances | — | — | 104 | — | 104 | |||||||||||||||
Repayments of long-term debt | — | (481 | ) | (130 | ) | — | (611 | ) | ||||||||||||
Increase in short-term borrowings, primarily 90 days or less | — | 815 | — | — | 815 | |||||||||||||||
Debt issuance costs | — | (35 | ) | — | — | (35 | ) | |||||||||||||
Purchase of Sears Canada shares | — | — | (43 | ) | — | (43 | ) | |||||||||||||
Purchase of treasury stock | — | (183 | ) | — | (183 | ) | ||||||||||||||
Net borrowing with Affiliates | (140 | ) | 1,190 | (775 | ) | (275 | ) | — | ||||||||||||
Net cash provided by (used in) financing activities – continuing operations | (140 | ) | 1,306 | (844 | ) | (275 | ) | 47 | ||||||||||||
Net cash provided by (used in) financing activities – discontinued operations | — | 28 | (103 | ) | — | (75 | ) | |||||||||||||
Net cash provided by (used in) financing activities | (140 | ) | 1,334 | (947 | ) | (275 | ) | (28 | ) | |||||||||||
NET DECREASE IN CASH AND CASH EQUIVALENTS | (140 | ) | (442 | ) | (30 | ) | — | (612 | ) | |||||||||||
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 140 | 778 | 441 | — | 1,359 | |||||||||||||||
CASH AND CASH EQUIVALENTS, END OF YEAR | $ | — | $ | 336 | $ | 411 | $ | — | $ | 747 |