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Consolidated Statements of Cash Flows
Jarden Corporation Annual Report 2010
Years Ended December 31,
(In millions) 2010 2009 2008
Cash flows from operating activities:
Net income (loss) $ 106.7 $ 128.7 $ (58.9)
Reconciliation of net income (loss) to net cash provided by operating activities:
Depreciation and amortization 142.8 130.3 120.3
Impairment of goodwill and intangibles 19.7 22.9 283.2
Venezuela hyperinflationary and devaluation charges 70.6 — —
Deferred income taxes 45.3 61.2 (36.6)
Stock-based compensation 24.3 40.2 20.6
Other 21.2 30.0 24.7
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable (50.7) 51.2 41.5
Inventory (145.2) 229.9 (95.2)
Accounts payable 84.7 (40.9) (12.2)
Accrued salaries, wages and employee benefits (12.5) 19.1 8.4
Other assets and liabilities (17.9) (31.5) (45.9)
Net cash provided by operating activities 289.0 641.1 249.9
Cash flows from financing activities:
Net change in short-term debt 56.2 (153.6) 131.5
Proceeds from issuance of long-term debt 786.1 292.2 25.0
Payments on long-term debt (260.9) (351.2) (25.0)
Proceeds from issuance of stock, net of transaction fees 8.5 211.6 2.1
Repurchase of common stock and shares tendered for taxes (51.3) (12.6) (23.5)
Debt issuance costs (24.7) (17.3) (3.0)
Dividends paid (28.7) (6.6) —
Other, net (5.0) 5.0 (2.5)
Net cash provided by (used in) financing activities 480.2 (32.5) 104.6
Cash flows from investing activities:
Additions to property, plant and equipment (137.5) (107.4) (102.2)
Acquisition of businesses, net of cash acquired and earnout payments (755.5) (13.7) (42.6)
Other 9.9 (9.5) (30.7)
Net cash used in investing activities (883.1) (130.6) (175.5)
Effect of exchange rate changes on cash and cash equivalents (18.1) (43.4) (6.7)
Net increase (decrease) in cash and cash equivalents (132.0) 434.6 172.3
Cash and cash equivalents at beginning of period 827.4 392.8 220.5
Cash and cash equivalents at end of period $ 695.4 $ 827.4 $ 392.8
Supplemental cash disclosures:
Taxes paid $ 75.7 $ 64.3 $ 54.8
Interest paid 154.2 133.1 182.4
The accompanying notes are an integral part of the consolidated financial statements.
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