Rayovac 2004 Annual Report Download - page 105

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Consolidating Statement of Cash Flows
Year Ended September 30, 2004
Parent
Guarantor
Subsidiaries
Nonguarantor
Subsidiaries Eliminations
Consolidated
Total
Net cash provided by operating activities .... $ 14,500 $ 2,881 $ 88,785 $ (1,308) $ 104,858
Cash flows from investing activities:
Purchases of property, plant and
equipment ...................... (14,607) — (12,285) — (26,892)
Proceeds from sale of property, plant,
and equipment ................... 30 — — — 30
Intercompany investments ............ (56,325) (56,225) 56,225 56,325 —
Payments for acquisitions, net of cash
acquired ........................ (3,430) — (38,284) — (41,714)
Net cash used by investing activities ........ (74,332) (56,225) 5,656 56,325 (68,576)
Cash flows from financing activities:
Reduction of debt .................. (380,341) — (11,507) — (391,848)
Proceeds from debt financing ......... 241,500 — — — 241,500
Debt issuance costs ................. (1,350) — — — (1,350)
Payments of capital lease obligations . . . (110) — — — (110)
Proceeds from (advances related to)
intercompany transactions .......... 83,414 53,350 (80,439) (56,325) —
Proceeds from exercise of stock
options ......................... 21,127 — — — 21,127
Net cash (used) provided by financing
activities ............................ (35,760) 53,350 (91,946) (56,325) (130,681)
Net used by discontinued operations ........ (336) — — — (336)
Effect of exchange rate changes on cash and
cash equivalents ...................... 11,914 — (10,472) 1,308 2,750
Net (decrease) increase in cash and cash
equivalents .......................... (84,014) 6 (7,977) — (91,985)
Cash and cash equivalents, beginning of
period .............................. 86,008 47 21,719 — 107,774
Cash and cash equivalents, end of period .... $ 1,994 $ 53 $ 13,742 $ — $ 15,789
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