LensCrafters 2008 Annual Report Download - page 107

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(Euro 000) 2008 2007 2006
(1)
Cash 302,894 339,122 367,461
Bank overdraft (455,588) (168,358) (275,956)
Current portion of long-term debt (792,617) (359,527) (110,978)
Long-term debt (1,926,523) (959,735) (1,417,931)
Net financial position, beginning of the year (2,871,834) (1,148,498) (1,437,404)
Net income from continuing operations 379,722 492,204 430,705
Depreciation and amortization 264,938 232,813 220,797
Change in net working capital (119,688) (377,082) (38,720)
Provision and other 53,923 (17,184) (13,805)
Operating cash flow 578,895 330,751 598,977
Capital expenditure (311,540) (322,770) (267,882)
(Investments)/Disposal in intangible assets (4,636) (3,883) (1,140)
Purchase of business net of cash acquired (13,288) (1,491,086) (134,114)
Sale of Things Remembered 128,007
Other 6,880 29,700 15,691
Free cash flow 256,311 (1,457,288) 339,539
Dividends (223,617) (191,077) (131,369)
Exercise of stock options 7,126 26,642 24,445
Effect of exchange adjustments to net financial position (117,503) (101,613) 56,292
Decrease/(Increase) in net financial position (77,683) (1,723,336) 288,906
Cash 288,450 302,894 339,122
Bank overdraft and notes payable (432,465) (455,588) (168,358)
Current portion of long-term debt (286,213) (792,617) (359,527)
Long-term debt (2,519,289) (1,926,523) (959,735)
Net financial position, end of the year (2,949,517) (2,871,834) (1,148,498)
STATEMENTS OF CHANGES IN NET FINANCIAL POSITION
ANNEXES | 105 <
In accordance to US GAAP
(1) Figures include results of Oakley operations from the acquisition date (November 14, 2007).