Rayovac 2008 Annual Report Download - page 187
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Table of Contents
Index to Financial Statements
Consolidating Statement of Cash Flows
Year Ended September 30, 2006
Parent
Guarantor
Subsidiaries
Nonguarantor
Subsidiaries Eliminations
Consolidated
Total
Net cash (used) provided by operating activities of
continuing operations $ (799,549) $ 201,863 $ 281,476 $ 358,637 $ 42,427
Net cash provided by operating activities of
discontinued operations — — 4,365 — 4,365
Net cash (used) provided by operating activities (799,549) 201,863 285,841 358,637 46,792
Cash flows from investing activities:
Purchases of property, plant and equipment (22,888) (5,427) (31,609) — (59,924)
Proceeds from sale of property, plant, and
equipment 4,831 — 608 — 5,439
Proceeds from sale of assets held for sale 10,641 — — — 10,641
Payments for acquisitions, net of cash acquired (7,363) (1,728) (9,410) — (18,501)
Intercompany investments (337,386) 178,635 158,751 — —
Net cash (used) provided by investing activities of
continuing operations (352,165) 171,480 118,340 — (62,345)
Net cash (used) provided by investing activities of
discontinued operations — — 82,986 — 82,986
Net cash (used) provided by investing activities (352,165) 171,480 201,326 — 20,641
Cash flows from financing activities:
Reduction of debt (817,498) — (142,701) — (960,199)
Proceeds from debt financing 817,719 — 80,801 — 898,520
Debt issuance costs (5,236) — — — (5,236)
Proceeds from exercise of stock options 365 — — — 365
Stock option income tax benefit 80 — — — 80
Treasury stock purchases (2,263) — — — (2,263)
Proceeds from (advances related to) intercompany
transactions 1,145,467 (374,624) (412,206) (358,637) —
Net cash provided (used) by financing activities 1,138,634 (374,624) (474,106) (358,637) (68,733)
Effect of exchange rate changes on cash and cash
equivalents — — (122) — (122)
Net increase/(decrease) in cash and cash equivalents (13,080) (1,281) 12,939 — (1,422)
Cash and cash equivalents, beginning of period 15,756 2,657 11,439 — 29,852
Cash and cash equivalents, end of period $ 2,676 $ 1,376 $ 24,378 $ — $ 28,430
182
Source: Spectrum Brands, Inc, 10-K, December 10, 2008