This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

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  




Stock quotes in this article: BEAV 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,501.65 -12.72 -0.08%
S&P 500 1,875.39 -4.16 -0.22%
NASDAQ 4,126.9670 -34.4910 -0.83%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs