Rayovac 2004 Annual Report Download - page 108

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Consolidating Statement of Cash Flows
Year Ended September 30, 2003
Parent
Guarantor
Subsidiaries
Nonguarantor
Subsidiaries Eliminations
Consolidated
Total
Net cash provided by operating activities . . . $ 14,227 $ — $ 60,527 $ 1,453 $ 76,207
Cash flows from investing activities:
Purchases of property, plant and
equipment ..................... (14,598) — (11,527) — (26,125)
Proceeds from sale of property, plant,
and equipment .................. — — 132 — 132
Payments for acquisitions, net of cash
acquired ....................... (444,231) (237,853) (239,945) 501,626 (420,403)
Net cash used by investing activities ....... (458,829) (237,853) (251,340) 501,626 (446,396)
Cash flows from financing activities:
Reduction of debt .................. (431,592) (126,573) (2,240) — (560,405)
Proceeds from debt financing ........ 1,059,821 — 2,759 — 1,062,580
Debt issuance costs ................ (29,933) — — — (29,933)
Payments of capital lease obligations . . (287) — (880) — (1,167)
(Advances related to) proceeds from
intercompany transactions ......... (107,525) 370,419 238,732 (501,626) —
Payments from officers/shareholders . . 600 — — — 600
Proceeds from exercise of stock
options ........................ 176 — — — 176
Net cash provided by financing activities . . . 491,260 243,846 238,371 (501,626) 471,851
Effect of exchange rate changes on cash and
cash equivalents ..................... 29,840 — (32,156) (1,453) (3,769)
Net increase in cash and cash equivalents . . . 76,498 5,993 15,402 — 97,893
Cash and cash equivalents, beginning of
period ............................. 3,518 46 6,317 — 9,881
Cash and cash equivalents, end of period . . . $ 80,016 $ 6,039 $ 21,719 $ — $ 107,774
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