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Jarden Corporation Annual Report 2012 73
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2012 (Dollars in millions, except per share data and unless otherwise indicated)
Condensed Consolidating Statements of Cash Flows:
Year Ended December 31, 2012
(In millions) Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
Net cash provided by (used in) operating activities, net $ (171.4) $ 418.3 $ 253.1 $ (19.7) $ 480.3
Financing activities:
Net change in short-term debt — — 74.7 — 74.7
(Payments on) proceeds from intercompany transactions 409.6 (372.6) (56.7) 19.7 —
Proceeds from issuance of long-term debt 800.0 0.5 2.0 — 802.5
Payments on long-term debt (166.0) (0.4) (6.3) — (172.7)
Issuance (repurchase) of common stock, net (557.9) — — — (557.9)
Excess tax benefits from stock-based compensation 43.0 — — — 43.0
Other (24.4) — (0.5) — (24.9)
Net cash provided by (used in) financing activities 504.3 (372.5) 13.2 19.7 164.7
Investing activities:
Additions to property, plant and equipment (5.2) (65.9) (83.4) — (154.5)
Acquisition of business, net of cash acquired (104.2) (5.5) (176.6) — (286.3)
Intercompany investing activities, net — — — — —
Other 1.3 4.2 7.8 — 13.3
Net cash used in investing activities (108.1) (67.2) (252.2) — (427.5)
Effect of exchange rate changes on cash — — 8.3 — 8.3
Net increase in cash and cash equivalents 224.8 (21.4) 22.4 — 225.8
Cash and cash equivalents at beginning of year 335.4 23.8 449.1 — 808.3
Cash and cash equivalents at end of year $ 560.2 $ 2.4 $ 471.5 $ — $ 1,034.1
Year Ended December 31, 2011
(In millions) Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
Net cash provided by (used in) operating activities, net $ (121.7) $ 422.9 $ 148.5 $ (22.6) $ 427.1
Financing activities:
Net change in short-term debt — — 1.0 — 1.0
(Payments on) proceeds from intercompany transactions 370.7 (313.5) (75.5) 18.3 —
Proceeds from issuance of long-term debt 1,025.0 — — — 1,025.0
Payments on long-term debt (1,110.6) — — — (1,110.6)
Issuance (repurchase) of common stock, net (80.8) — — — (80.8)
Other (31.3) — — — (31.3)
Net cash provided by (used in) financing activities 173.0 (313.5) (74.5) 18.3 (196.7)
Investing activities:
Additions to property, plant and equipment (2.1) (108.5) (16.3) — (126.9)
Acquisition of business, net of cash acquired (0.9) (12.5) (1.0) — (14.4)
Intercompany investing activities, net — (4.3) — 4.3 —
Other — 24.2 4.0 — 28.2
Net cash used in investing activities (3.0) (101.1) (13.3) 4.3 (113.1)
Effect of exchange rate changes on cash — — (4.4) — (4.4)
Net increase in cash and cash equivalents 48.3 8.3 56.3 — 112.9
Cash and cash equivalents at beginning of year 287.1 15.5 392.8 — 695.4
Cash and cash equivalents at end of year $ 335.4 $ 23.8 $ 449.1 $ — $ 808.3