Cardinal Health 2011 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
Fiscal Year Ended June 30
,
20
11
20
1
0
2
009
(
In millions
)
C
A
S
HFL
O
W
S
FR
O
M
O
PERATIN
G
A
C
TIVITIE
S
:
N
et earnings
.
..............................................................
$
9
59.0 $ 642.2 $1
,
151.
6
(
Earnings)/loss from discontinued operations
.................................
7
.2
(
55.2
)(
393.4
)
E
arn
i
n
g
s
f
rom cont
i
nu
i
n
g
operat
i
on
s
.
..................................
.
9
66.2
5
87.0 7
5
8.2
A
d
j
ustments to reconcile earnin
g
s from continuin
g
operations to net cash from operations:
D
e
p
reciation and amortizatio
n
.
...............................................
.
313.3 2
5
4.4 22
5
.8
L
oss on extin
g
uishment of debt ................................................ 0.0 3
9
.
9
0.0
G
ain on sale of investment in CareFusion ........................................ (7
5
.3) (44.6) 0.0
I
m
p
airments and loss on sale of asset
s
........................................... 8.
6
2
9
.1 13.
9
Share-based com
p
ensation ....................................................
79
.
599
.
5
10
9
.
9
P
rovision for deferred income taxes
.
............................................ 128.0 120.2 14
9
.
4
P
rovision for bad debt
s
.......................................................
27.2 26.8
5
1.
4
Chan
g
e in operatin
g
assets and liabilities, net of effects from acquisitions:
D
ecrease/(increase) in trade receivables
......................................
(4
5
7.2) 20.6 (713.6)
D
ecrease/
(
increase
)
in inventories
..........................................
(
664.7
)
477.4
(
431.2
)
I
ncrease/(decrease) in accounts pa
y
abl
e
......................................
1
,
3
5
6.
5
4
5
1.0 768.1
O
ther accrued liabilities and operatin
g
items, ne
t
..............................
(
287.0
)(
74.6
)
19.
3
N
et cas
h
prov
id
e
db
y operat
i
ng act
i
v
i
t
i
es—cont
i
nu
i
ng operat
i
ons
.................
1
,
395.1 1
,
986.7 951.2
N
et cas
h
prov
id
e
db
y/(use
di
n) operat
i
ng act
i
v
i
t
i
es—
di
scont
i
nue
d
operat
i
on
s
........
(
0.5
)
147.4 472.
7
N
et cash provided b
y
operatin
g
activities
.........................................
1,394.6 2,134.1 1,423.9
C
ASH FLOWS FROM INVESTING ACTIVITIES:
P
rocee
d
s
f
rom
di
vest
i
tures an
d
sa
l
eo
f
property an
d
equ
i
pment
.
......................
3
.
0
1
58
.
6
1
36
.2
A
cqu
i
s
i
t
i
on o
f
su
b
s
idi
ar
i
es, net o
f
cas
h
acqu
i
re
d
...................................
(
2,299.5
)(
32.0
)(
128.6
)
P
urc
h
ase o
fh
e
ld
-to-matur
i
ty
i
nvestment secur
i
t
i
e
s
.................................
(1
55
.6) 0.0 0.0
Addi
t
i
ons to property an
d
equ
i
pment
............................................
(291.3) (2
6
0.3) (421.2
)
P
rocee
d
s
f
rom sa
l
eo
f
CareFus
i
on common stoc
k
..................................
70
5
.9 270.7 0.0
P
rocee
d
s
f
rom matur
i
t
i
es o
fh
e
ld
-to-matur
i
ty secur
i
t
i
e
s
............................. 9.
5
0.0 0.0
N
et cash provided b
y
/(used in) investin
g
activities—continuin
g
operations
..........
(
2,028.0
)
137.0
(
413.6
)
N
et cash used in investin
g
activities—discontinued operations ....................
0
.
0
(9
.
9) (129
.
3)
N
et cas
h
prov
id
e
db
y/(use
di
n)
i
nvest
i
ng act
i
v
i
t
i
es
.................................
(
2,028.0) 127.1 (542.9
)
C
A
S
HFL
O
W
S
FR
O
M FINAN
C
IN
G
A
C
TIVITIE
S:
P
a
y
ment of contin
g
ent consideratio
n
............................................
(10
.
2) 0
.
00
.
0
N
et chan
g
e in short-term borrowin
g
s
............................................
4
6
.4
0
.
00
.
0
R
eduction of long-term obligations
.............................................
(
228.6
)(
1,485.5
)(
301.4
)
P
roceeds from long-term obligations, net of issuance costs
...........................
4
94.5 0.0 0.0
P
roceeds from issuance of
C
ommon
S
hare
s
.......................................
6
3.0 40.0 39.2
T
ax disbursements from exercises of stock o
p
tion
s
.................................
(
13.7
)(
16.1
)(
2.9
)
P
ayment of premiums for debt extinguishmen
t
....................................
0
.
0
(
66.4
)
0.
0
Divid
en
d
son
C
ommon
Sh
ares
.................................................
(
274.2
)(
253.1
)(
200.4
)
P
urc
h
ase o
f
treasury s
h
are
s
....................................................
(
269.8
)(
230.2
)
0.0
N
et cas
h
use
di
n
fi
nanc
i
ng act
i
v
i
t
i
es—cont
i
nu
i
ng operat
i
ons
.....................
(192.6) (2,011.3) (46
5
.
5)
N
et cas
h
prov
id
e
db
y/(use
di
n)
fi
nanc
i
ng act
i
v
i
t
i
es—
di
scont
i
nue
d
operat
i
on
s
.
....... 0.0 1,283.8 (2.7)
N
et cash used in financin
g
activitie
s
............................................
(
192.6
)(
727.5
)(
468.2
)
N
ET INCREASE/(DECREASE) IN CASH AND EQUIVALENTS ....................
.
(826.0) 1,
5
33.7 412.
8
C
A
S
H AND EQUIVALENT
S
AT BEGINNING OF YEA
R
.
.........................
.
2
,7
55
.3 1,221.6 808.
8
C
ASH AND E
Q
UIVALENTS AT END OF YEA
R
..................................
$
1
,
929.3 $ 2
,
755.3 $1
,
221.
6
S
UPPLEMENTAL INFORMATION
:
Cas
h
payments
f
or
:
In
te
r
est
.
..............................................................
$
115.9 $ 158.4 $ 201.
8
Income taxe
s
.
..........................................................
$
5
87.6
$
513.7
$
429.
3
N
on-cas
hi
nvest
i
n
g
an
dfi
nanc
i
n
g
transact
i
ons
f
or:
R
etained investment in CareFusion at date of S
p
in-Of
f
..........................
$
0.0
$
863.1
$
0.0
N
on-cash dividend in connection with S
p
in-Off
.
..............................
$
0.0
$
3
,689.4
$
0.0
T
he accompan
y
in
g
notes are an inte
g
ral part of these consolidated statement
s
43