Exelis Reports Solid Second-Quarter 2012 Financial Results; Maintains 2012 Full-Year Outlook

   
Exelis Inc.
Consolidated and Combined Statements of Cash Flows
(unaudited)
 
 
(IN MILLIONS) Six Months Ended June 30,
    2012   2011
Operating activities
Net income $ 156 $ 161
Adjustments to reconcile net income to cash (use in) provided by operating activities:
Depreciation and amortization 63 68
Stock-based compensation 13 8
Restructuring charges, net 2 5
Payments for restructuring (11 ) (14 )
Postretirement benefit plans expense 24 5
Postretirement benefit plans payments (275 ) (9 )
Change in assets and liabilities
Change in receivables (114 ) (67 )
Change in inventories (1 ) (54 )
Change in other assets (2 ) (40 )
Change in accounts payable (21 ) 86
Change in advance payments and billings in excess of costs (29 ) 7
Change in deferred taxes 130 76
Change in other liabilities (44 ) (15 )
Other, net     (1 )     (1 )
Net cash (used in) provided by operating activities     (110 )     216  
Investing activities
Capital expenditures (50 ) (35 )
Proceeds from the sale of assets 1
Acquisitions, net of cash acquired (24 )
Other, net     2       11  
Net cash used in investing activities     (71 )     (24 )
Financing activities
Proceeds from commercial paper, net 257
Dividend paid (39 )
Proceeds from the exercise of options 14
Transfers to parent, net (185 )
Other, net     (2 )     (5 )
Net cash provided by (used in) financing activities     230       (190 )
Exchange rate effects on cash and cash equivalents     1        
Net change in cash and cash equivalents 50 2
Cash and cash equivalents – beginning of year     116       18  
Cash and cash equivalents – end of year   $ 166     $ 20  

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »



Review Article Be the first to review this article
Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
Multiple Layers to the Inflation Watch Story
Jobs
Construction Project Manager for Gordon Prill, Inc at Sunnyvale, California
BIM/CAD Specialist for Gordon Prill, Inc at Sunnyvale, California
Electrical Engineer for Dinter Engineering at Reno, Nevada
Senior Project Architect for Gordon Prill, Inc at Sunnyvale, California
Electrical Designer for Dinter Engineering at Reno, Nevada
Senior Highway Engineer for RS&H at Jacksonville, Florida
Upcoming Events
ICSD 2021 : 9th International Conference on Sustainable Development, 8 - 9 September Rome, Italy at Roma Eventi, Pontifical Gregorian University Piazza della Pilotta, 4 Rome Rome Italy - Sep 8 - 9, 2021
Urban Planning & Architectural Design for Sustainable Development – 6th Edition at University of Florence Florence Italy - Sep 14 - 16, 2021
World Tunnel Congress 2021 at Copenhagen Denmark - Sep 20 - 24, 2021
NIBS Building Innovation 2021: Virtual Edition. at United States - Sep 27 - 29, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise