Cash provided by continuing operations was $92 million in the first quarter, compared to cash used in continuing operations of $14 million a year ago. The increase in cash provided by continuing operations during the first quarter was primarily due to the collection of accounts receivable and a reduction in the year over year inventory build. These benefits were partially offset by a reduction in advance payments resulting from a decline in new original equipment order activity.Capital expenditures were $55 million in the first quarter of fiscal 2013, compared to $49 million in the prior year first quarter. The expenditures resulted from the investments in manufacturing capacity in emerging markets and aftermarket service infrastructure.
Joy Global Inc. Announces First Quarter Fiscal 2013 Operating Results
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