Cash provided by continuing operations was $464 million in fiscal 2012, compared to cash provided by continuing operations of $500 million a year ago. The decrease in cash provided by continuing operations was the result of an increase in accounts receivable primarily due to the timing of sales, increased inventory to support the strong sales activity for the year, reduced accounts payable and by a reduction in advance payments resulting from a decline in new original equipment order activity.Capital expenditures were $242 million in fiscal 2012, compared to $111 million in the prior year, due to continued investments in manufacturing capacity in emerging markets and aftermarket service infrastructure. Capital expenditures for fiscal 2013 are expected to be approximately $200 million.
Joy Global Inc. Announces Fourth Quarter And Fiscal 2012 Year-End Operating Results
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