Sunbeam 2013 Annual Report Download - page 39

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Jarden Corporation Annual Report 2013 35
Years Ended December31,
(In millions) 2013 2012 2011
Cash ows from operating activities:    
Net income $ 203.9 $243.9 $204.7
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 165.9 152.8 163.7
Impairment of goodwill, intangibles and other assets —   — 52.5
Venezuela hyperinationary and devaluation charges 27.4   —   —
Deferred income taxes (10.7) 19.8 32.9
Stock-based compensation 95.8 67.1 23.8
Excess tax benets from stock-based compensation (11.6) (43.0)   —
Other 10.7 10.0 21.6
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable 16.9 (23.6) (25.2)
Inventory 103.9 30.0   (7.0)
Accounts payable 4.5 34.5 (12.4)
Accrued salaries, wages and employee benets (17.4) 20.6   3.9
Other assets and liabilities 79.2 (31.8) (31.4)
Net cash provided by operating activities 668.5 480.3 427.1
Cash ows from nancing activities:    
Net change in short-term debt 102.0 74.7   1.0
Proceeds from issuance of long-term debt 1,273.4 802.5 1,025.0
Payments on long-term debt (407.7) (172.7) (1,110.6)
Proceeds from issuance of stock, net of transaction fees 748.3 24.8   8.2
Repurchase of common stock and shares tendered for taxes (297.8) (582.7) (89.0)
Debt issuance costs (19.8) (17.4) (12.3)
Dividends paid — (7.5) (30.1)
Excess tax benets from stock-based compensation 11.6 43.0   —
Other, net (4.4)   — 11.1
Net cash provided by (used in) nancing activities 1,405.6 164.7 (196.7)
Cash ows from investing activities:    
Additions to property, plant and equipment (211.0) (154.5) (126.9)
Acquisition of businesses, net of cash acquired (1,820.1) (286.3) (14.4)
Other 73.7 13.3   28.2
Net cash used in investing activities (1,957.4) (427.5) (113.1)
Effect of exchange rate changes on cash and cash equivalents (22.3)   8.3   (4.4)
Net increase in cash and cash equivalents 94.4 225.8 112.9
Cash and cash equivalents at beginning of period 1,034.1 808.3 695.4
Cash and cash equivalents at end of period $1,128.5 $1,034.1 $808.3
Supplemental cash disclosures:    
Taxes paid $74.7 $93.9 $85.1
Interest paid 181.7 178.0 176.4
The accompanying notes are an integral part of the consolidated nancial statements.
Consolidated Statements of Cash Flows
Jarden Corporation Annual Report 2013