B/E Aerospace Reports Fourth Quarter And Full Year 2012 Financial Results; Fourth Quarter 2012 EPS Up 30%; Full Year 2012 EPS Up 26% Excluding Debt Prepayment Costs; Raises 2013 Guidance

B/E AEROSPACE, INC.   CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (In Millions)
	YEARS ENDED
	December 31,
	2012				2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$	233.7			$	227.8
Adjustments to reconcile net earnings to net cash flows provided by
operating activities, net of effects from acquisitions:
Depreciation and amortization		75.0				62.1
Deferred income taxes		37.3				58.4
Non-cash compensation		24.5				26.0
Debt prepayment costs		82.1				-
Provision for doubtful accounts		4.8				1.9
Loss on disposal of property and equipment		2.4				1.1
Tax benefits realized from prior exercises of employee stock options
and restricted stock		(7.0	)			(30.8	)
Changes in operating assets and liabilities:
Accounts receivable		(32.0	)			(49.4	)
Inventories		(169.7	)			(116.3	)
Other current and non-current assets		(18.2	)			12.5
Accounts payable and accrued liabilities		122.2				123.6
Net cash provided by operating activities		355.1				316.9
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures		(125.4	)			(76.0	)
Acquisitions, net of cash acquired		(649.7	)			(60.4	)
Proceeds from sales of businesses and other		2.6				18.7
Net cash used in investing activities		(772.5	)			(117.7	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from common stock issued		5.8				4.0
Purchase of treasury stock		(2.6	)			(6.0	)
Tax benefits realized from prior exercises of employee stock options
and restricted stock		7.0				30.8
Borrowings on line of credit		215.0				30.0
Repayments on line of credit		(215.0	)			(30.0	)
Proceeds from long-term debt, inclusive of original issue premium		1,316.0				-
Debt prepayment costs		(71.7	)			-
Debt origination costs		(30.3	)			-
Principal payments on long-term debt		(600.5	)			(0.5	)
Net cash provided by financing activities		623.7				28.3
Effect of exchange rate changes on cash and cash equivalents		3.9				(2.7	)
Net increase in cash and cash equivalents		210.2				224.8
Cash and cash equivalents, beginning of period		303.5				78.7
Cash and cash equivalents, end of period	$	513.7			$	303.5

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