Sunbeam 2009 Annual Report Download - page 5

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Martin E. Franklin, Chairman and Chief Executive Offi cer (center), Ian G.H. Ashken, Vice Chairman and Chief Financial Offi cer (left), and
James E. Lillie, President and Chief Operating Offi cer (right)
Perhaps most satisfying, in 2009 Jarden generated the most cash in its history with over $640 million
of cash fl ow from operations compared to $250 million in 2008, a free cash fl ow yield of 20 percent.
This enabled Jarden to hold over $825 million in cash on hand at year-end and reduce our bank
leverage ratio to 2.6 times, well below our 3 times target. Our aggressive approach to inventory
management, combined with disciplined cost controls, resulted in adjusted net income increasing
from 2008 to 2009. As part of our ongoing commitment to returning value to shareholders, we
also initiated a dividend program in 2009. This step refl ected our confi dence in the on-going cash
generative ability of the Company as well as Jarden’s maturation, as we joined the ranks of the
majority of other Fortune 500 consumer products companies in paying dividends.
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