Black & Decker 2011 Annual Report Download - page 113

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101
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 (used in) provided by financing activities
499.3
(536.9)
(600.3) 951.5
313.6
Effect of exchange rate changes on cash and cash
equivalents ................................
.........................
—
—
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 period
.....
9.2
—
388.9
—
398.1
Cash and cash equivalents, end of period
...........
$ (5.0
)
$ 3.5
$ 1,744.3
$ —
$ 1,742.8