Rayovac 2008 Annual Report Download - page 185
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Table of Contents
Index to Financial Statements
Consolidating Statement of Cash Flows
Year Ended September 30, 2007
Parent
Guarantor
Subsidiaries
Nonguarantor
Subsidiaries Eliminations
Consolidated
Total
Net cash provided (used) by operating activities of
continuing operations $ 194,627 $ 40,990 $ (121,297) $ (136,454) $ (22,134)
Net cash used by operating activities of discontinued
operations — (10,495) — — (10,495)
Net cash provided (used) by operating activities 194,627 30,495 (121,297) (136,454) (32,629)
Cash flows from investing activities:
Purchases of property, plant and equipment (10,019) (3,010) (11,285) — (24,314)
Proceeds from sale of property, plant, and
equipment — — 1,572 — 1,572
Intercompany investments (27,758) 22,758 5,000 — —
Net cash (used) provided by investing activities of
continuing operations (37,777) 19,748 (4,713) — (22,742)
Net cash used by investing activities of discontinued
operations — (340) — — (340)
Net cash (used) provided by investing activities (37,777) 19,408 (4,713) — (23,082)
Cash flows from financing activities:
Reduction of debt (1,181,026) — (856,252) — (2,037,278)
Proceeds from debt financing 1,547,500 — 629,123 — 2,176,623
Debt issuance costs (43,969) — — — (43,969)
Proceeds from exercise of stock options 655 — — — 655
Stock option income tax benefit 37 — — — 37
Treasury stock purchases (3,003) — — — (3,003)
(Advances related to) proceeds from
intercompany transactions (468,118) (49,806) 381,470 136,454 —
Net cash (used) provided by financing activities (147,924) (49,806) 154,341 136,454 93,065
Effect of exchange rate changes on cash and cash
equivalents — — 4,069 — 4,069
Net increase in cash and cash equivalents 8,926 97 32,400 — 41,423
Cash and cash equivalents, beginning of period 2,676 1,376 24,378 — 28,430
Cash and cash equivalents, end of period $ 11,602 $ 1,473 $ 56,778 $ — $ 69,853
180
Source: Spectrum Brands, Inc, 10-K, December 10, 2008