In fact, operating cash flow was a record $75 million, representing more than 25% of our sales.Our debt-to-capital ratio for the quarter was 53% and debt-to-EBITDA was 1.9x. During the quarter, we paid dividends of $164 million, and repurchased stock of $104 million, net of issuances. $1.3 billion remains available under the share repurchase program authorized in January of this year. After-tax return on capital for the quarter was 14.2%, and reflects the large amount of projects under construction, and therefore, a significant amount of project capital on our balance sheet not yet completed. Return on equity increased to 29.7%.
Praxair Management Discusses Q2 2012 Results - Earnings Call Transcript
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