Interest expense, including preferred stock dividends, decreased $5.7 million to $85.6 million in 2012 compared to the same period last year, primarily due to refinancing the Company’s term loan credit facility in May 2011 at lower interest rates.The provision for income taxes was $43.7 million in 2012 compared to $36.8 million in 2011. The provision for income taxes included non-cash benefits of $15.8 million in 2012 and $16.9 million in 2011, in each case primarily associated with reductions in the Company’s deferred tax asset valuation allowances, which had no impact on the Company’s cash flow or liquidity. Cash paid for income taxes, net of refunds, in 2012 was $18.0 million as compared to $20.5 million in 2011.
Revlon Reports 2012 Results
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