Black & Decker 2010 Annual Report Download - page 136

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Stanley Black & Decker, Inc.
Condensed Consolidating Statements of Cash Flow
(Millions of Dollars)
Year Ended January 1, 2011
Parent
Stanley Black &
Decker, Inc.
The Black &
Decker
Corporation
Non-Guarantor
Subsidiaries Eliminations Consolidated
Cash (used in) provided by operating
activities ........................ $(520.5) $55.4 $1,204.4 — $739.3
Investing Activities
Capital expenditures and capitalized
software . ....................... (38.1) (2.6) (144.8) — (185.5)
Business acquisitions and asset disposals. . . (451.4) (14.2) (73.7) — (539.3)
Cash acquired from Black & Decker. . .... — 1.8 947.6 — 949.4
Intercompany payables and receivables .... 498.0 453.5 — (951.5) —
Other investing activities . . ............ (1.5) 46.5 — — 45.0
Cash (used in) provided by investing
activities ........................ 7.0 485.0 729.1 (951.5) 269.6
Financing Activities
Payments on long-term debt ............ (512.7) — (3.1) — (515.8)
Proceeds from debt issuance, net of
issuance costs . ................... 1,009.8 — — — 1,009.8
Proceeds from issuance of common stock . . 396.1 — — — 396.1
Stock purchase contract fees . . . ........ (7.7) — — — (7.7)
Net repayments on short-term borrowings . . (88.7) (175.0) 0.1 — (263.6)
Cash dividends on common stock ........ (193.9) (7.7) — — (201.6)
Purchase of common stock from treasury . . (4.9) — — — (4.9)
Termination of forward starting interest rate
swap........................... (48.4) — — — (48.4)
Net premium paid for equity option . . .... (50.3) — — — (50.3)
Intercompany payables and receivables .... — (354.2) (597.3) 951.5 —
Cash provided by (used in) financing
activities ........................ 499.3 (536.9) (600.3) 951.5 313.6
Effect of exchange rate changes on cash . . . — — 22.2 — 22.2
Change in cash and cash equivalents . . .... (14.2) 3.5 1,355.4 — 1,344.7
Cash and cash equivalents, beginning of
year ........................... 9.2 — 391.5 — 400.7
Cash and cash equivalents, end of year . . $(5.0) $3.5 $1,746.9 — $1,745.4
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