Black & Decker 2010 Annual Report Download - page 167

FINANCIAL AND INVESTOR COMMUNICATIONS
Stanley Black & Decker investor relations department provides information to shareowners and the

-Q and -K, copies of press
releases and other Company information.

Contact the Stanley Black & Decker investor relations department at our corporate oces by calling
Kate Vanek, Director, Investor Relations at   or by mail at  Stanley Drive, New
Britain, CT . We make earnings releases available online on the Internet on the day that
results are released to the news media. Stanley Black & Decker releases and a variety of shareowner
information can be found at the Company’s website: www.stanleyblackanddecker.com.
FINANCIAL HIGHLIGHTS AND SCORECARD FOOTNOTES
(b) The Company believes excluding the 
$ million ($.Q  after-tax restructuring and related charges
of $ million ($.
and EBITDA due to the unusually large magnitude of these charges in relation to the past five
years. Therefore, the Company has provided these measures both including and excluding
such charges.
(c) Free Cash Flow = Net cash provided by operating activities minus capital expenditures minus
capitalized software. In , free cash flow excludes $
related payments incurred primarily in connection with the Black & Decker merger. Such
normalized free cash flow is considered a meaningful metric to aid the understanding of
the Company’s cash flow performance aside from the material impact of these merger and
, free cash flow also excludes income taxes paid on the

related gross cash proceeds are classified in investing cash flows. Refer to page  in the
enclosed -K for the reconciliation of operating cash flow to free cash flow.
(d) Working Capital Turns are computed as year-end working capital (accounts receivable, inventory

(e) Average Capital Employed is computed by dividing the 
(f) ROCE is computed as net earnings from continuing operations plus after-tax expense and after-
tax amortization of intangibles, divided by the ,
net earnings from continuous operations excludes $
charges incurred primarily in connection with the Black & Decker merger.
CAUTIONARY STATEMENTS UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 
Statements in this Annual Report that are not historical, including, but not limited to, those that
often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” or
“will,” are “forward-looking statements” and subject to risk and uncertainty. The results that are
expressed or implied in such statements involve inherent risks and uncertainties that could cause
actual outcomes and results to dier materially from those expectations, including, but not limited
to, the risks, uncertainties and other factors set forth or referred to under Item A Risk Factors and
Item  Annual Report on the Form -K that is part of this Annual

Form -Q, as well as those contained in the Company’s other filings with the Securities and
Exchange Commission. The Company undertakes no obligation to publicly update or revise any
forward-looking statements to reflect events or circumstances that may arise after the date hereof.
Visit www.yearinreview.stanleyblackanddecker.com to view videos and pictures that bring exciting
aspects of the Stanley Black & Decker story to life, to explore our financials, and to read about our
businesses, our brands and our plans for growth.


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