Cardinal Health 2010 Annual Report Download - page 69

C
ARDINAL HEALTH IN
C
. AND
SU
B
S
IDIARIE
S
CO
N
SO
LIDATED
S
TATEMENT
SO
F
C
A
S
HFL
O
W
S
F
i
scal Year Ended June 30
,
2010
2009
2008
(
In millions
)
CA
S
H FLOW
S
FROM OPERATING ACTIVITIE
S
:
Net earn
i
ng
s
..........................................................
$
642.2
$
1,151.6
$
1,300.6
Earnin
g
s from discontinued operations
.................................
(
55.2
)(
393.4
)(
453.4
)
Earn
i
ngs
f
rom cont
i
nu
i
ng operat
i
ons
..............................
5
87.0 7
5
8.2 847.2
Ad
j
ustments to reconcile earnin
g
s from continuin
g
operations to net cash from
o
p
erations:
Deprec
i
at
i
on an
d
amort
i
zat
i
on
............................................
2
5
4.4 22
5
.8 220.0
Loss on ext
i
ngu
i
s
h
ment o
fd
e
bt
...........................................
39
.
90
.
00
.
0
Ga
i
nonsa
l
eo
f
CareFus
i
on common stoc
k
..................................
(44.
6
) 0.0 0.0
Impairments and (
g
ain)/loss on sale of assets
................................
29.1 13.9
(
32.7
)
Share-based com
p
ensatio
n
..............................................
99
.5 10
9
.
9
107.
9
Prov
i
s
i
on
f
or
d
e
f
erre
di
ncome taxe
s
.......................................
120.2 149.4 (3
6
.9)
Prov
i
s
i
on
f
or
b
a
dd
e
b
t
s
.................................................
26.8
5
1.4 19.9
C
h
ange
i
n operat
i
ng assets an
dli
a
bili
t
i
es, net o
f
e
ff
ects
f
rom acqu
i
s
i
t
i
ons
:
Decrease/
(
increase
)
in trade receivables
................................
20.6
(
713.6
)(
296.1
)
Decrease/
(
increase
)
in inventories
.....................................
477.4
(
431.2
)
634.
3
Increase/(
d
ecrease)
i
n accounts paya
bl
e
................................
4
5
1.0 768.1 (848.2)
Ot
h
er accrue
dli
a
bili
t
i
es an
d
operat
i
ng
i
tems, ne
t
.........................
(74.6) 19.3 388.
5
Net cash provided b
y
operatin
g
activities—continuin
g
operations
............
1
,
986.7 951.2 1
,
003.9
Net cas
h
prov
id
e
dby
operat
i
n
g
act
i
v
i
t
i
es—
di
scont
i
nue
d
operat
i
on
s
..........
147.4 472.7
5
37.8
Net cash provided b
y
operatin
g
activitie
s
...................................
2
,
134.1 1
,
423.9 1
,
541.7
CA
S
H FLOW
S
FROM INVE
S
TING ACTIVITIE
S
:
Proceeds from di
v
estiture
s
...............................................
154.1 123.3 4
9
.1
Ac
q
uisition of subsidiaries, net of cash ac
q
uire
d
.............................
(
32.0
)(
128.6
)(
4.7
)
N
et a
ddi
t
i
ons to property an
d
equ
i
pmen
t
...................................
(2
55
.8) (408.3) (1
55
.8)
P
rocee
d
s
f
rom sa
l
eo
f
CareFus
i
on common stoc
k
.............................
2
7
0
.7
0
.
00
.
0
S
a
l
eo
fi
nvestment secur
i
t
i
es ava
il
a
bl
e
f
or sa
le
...............................
0
.
00
.
0
132
.
0
Net cash provided b
y
/(used in) investin
g
activities—continuin
g
operations
....
137.0
(
413.6
)
20.
6
Net cas
h
use
di
n
i
nvest
i
n
g
act
i
v
i
t
i
es—
di
scont
i
nue
d
operat
i
on
s
..............
(9
.
9) (129
.
3) (
7
4
7.
0)
Net cash provided b
y
/(used in) investin
g
activitie
s
............................
127.1
(
542.9
)(
726.4
)
CA
S
H FLOW
S
FROM FINANCING ACTIVITIE
S:
Reduction of lon
g
-term obli
g
ation
s
........................................
(
1,485.5
)(
301.4
)(
3.9
)
P
roceeds from lon
g
-term obli
g
ations, net of issuance cost
s
.....................
0
.
00
.
0
300
.
3
P
rocee
d
s
f
rom
i
ssuance o
f
Common S
h
ares
.................................
40
.
039
.
222
7.
9
T
ax procee
d
s/(
di
s
b
ursements)
f
rom exerc
i
ses o
f
stoc
k
opt
i
ons
..................
(1
6
.1) (2.9) 42.
1
P
ayment o
f
prem
i
ums
f
or
d
e
b
t ext
i
ngu
i
s
h
ment
...............................
(
66
.4) 0.0 0.0
D
i
v
idends on
C
ommon
S
hares
...........................................
(
253.1
)(
200.4
)(
173.1
)
P
urchase of treasur
y
shares
..............................................
(
230.2
)
0.0
(
1,181.6
)
Net cash used in financing activities—continuing operation
s
................
(
2,011.3
)(
465.5
)(
788.3
)
Net cash provided b
y
/(used in) financin
g
a
cti
v
ities—discontinu
e
d
o
p
erations . . . 1,283.8 (2.7) (14.9
)
Net cas
h
use
di
n
fi
nanc
i
ng act
i
v
i
t
i
e
s
.......................................
(727.
5
) (468.2) (803.2)
NET INCREA
S
EINCA
S
H AND EQUIVALENT
S
............................
1,
5
33.7 412.8 12.1
CA
S
H AND EQUIVALENT
S
AT BEGINNING OF YEAR
......................
1,221.
6
808.8 79
6
.7
CA
S
H AND EQUIVALENT
S
AT END OF YEA
R
.............................
$
2,755.3
$
1,221.6
$
808.8
S
UPPLEMENTAL INFORMATION
:
Cash pa
y
ments for:
In
te
r
est
..........................................................
$
158.4
$
201.8
$
239.8
I
ncome taxes .....................................................
$
513.7
$
429.3
$
116.0
Non-cas
hi
nvest
i
ng an
dfi
nanc
i
ng transact
i
ons
f
or
:
Reta
i
ne
di
nvestment
i
n CareFus
i
on at
d
ate o
f
Sp
i
n-O
ff
....................
$
863.1 $ 0.0 $ 0.0
Non-cash dividend in connection with S
p
in-Of
f
..........................
$
3
,
689.4 $ 0.0 $ 0.0
The accompan
y
in
g
notes are an inte
g
ral part of these consolidated statements.
43