Build-A-Bear Workshop, Inc. and Subsidiaries Consolidated Statements of Cash Flows (in thousands) Fiscal Year 2013 2012 2011 Cash flows from operating activities:  Net loss  $ (2,112) $ (49,295) $ (17,062) Adjustments to reconcile net loss to net cash provided by operating activities:  Depreciation and amortization  19,216  21,422  24,232  Goodwill impairment  -  33,670  -  Asset impairment  1,408  4,486  416  Deferred taxes  76  109  14,560  Losses from investment in affiliate  -  475  -  Loss on disposal of property and equipment  715  292  624  Stock-based compensation  2,849  3,611  4,605  Trade credit utilization  498  515  253  Change in assets and liabilities:  Inventories (2,987) 5,298  (5,477) Receivables (4,727) (1,520) 35  Prepaid expenses and other assets  2,778 1,263 1,279  Accounts payable and accrued expenses  695 (2,363) 737  Lease related liabilities  (1,863) (3,120) (4,743) Gift cards and customer deposits  2,910  2,445  (561) Deferred revenue  (398) (746) (1,664) Net cash provided by operating activities  19,058  16,542  17,234  Cash flows from investing activities:  Purchases of property and equipment  (19,055) (16,633) (12,035) Purchases of other assets and other intangible assets  (307) (635) (213) Proceeds from sale or maturity of short term investments  -  2,647  4,829  Purchases of short term investments  -  -  (5,899) Investment in unconsolidated affiliate  -  (475) -  Cash flow used in investing activities  (19,362) (15,096) (13,318) Cash flows from financing activities:  Proceeds from the exercise of employee stock options, net of withholding tax payments  348  (1,555) (809) Purchases of Company's common stock  (216) (1,347) (15,002) Cash flow provided by (used in) financing activities  132  (2,902) (15,811) Effect of exchange rates on cash  (334) 260  (493) Net decrease in cash and cash equivalents  (506) (1,196) (12,388) Cash and cash equivalents, beginning of period  45,171  46,367  58,755  Cash and cash equivalents, end of period  $ 44,665  $ 45,171  $ 46,367  Supplemental disclosure of cash flow information:  Net cash paid (received) during the period for income taxes  $ 1,113  $ 182  $ (98) See accompanying notes to consolidated BUILD-A-BEAR WORKSHOP, INC.  2013 FORM 10-K 37