Quarterly
Annual
| Unit: USD | 2011-12-31 | 2011-10-08 |
|---|---|---|
cash flows from (disbursed for) operating activities: | ||
net income | 23,038,000 | 31,019,000 |
adjustments to reconcile net income to net cash from operating activities: | ||
stock-based compensation | ||
(gain) loss reclassified from accumulated other comprehensive income to net income | -4,236,000 | |
depreciation and amortization | 22,932,000 | 22,816,000 |
deferred income taxes | 8,820,000 | -4,801,000 |
impairment of assets | ||
benefit from inventory obsolescence | -169,000 | 172,000 |
allowances for accounts receivable | -46,000 | -97,000 |
pension and postretirement plans cost | ||
other | -75,000 | 97,000 |
changes in operating assets and liabilities, net of acquisitions and disposals: | ||
accounts receivable | ||
inventories | 9,388,000 | -7,448,000 |
hedging activities | ||
accounts payable | -8,752,000 | -6,513,000 |
other assets and accrued liabilities | ||
net cash from operating activities | 39,505,000 | 28,604,000 |
capex | -13,848,000 | -21,889,000 |
free cash flows | 25,657,000 | 6,715,000 |
cash flows from (disbursed for) investing activities: | ||
purchases of property, plant and equipment | ||
proceeds from sale of property, plant and equipment | 9,765,000 | 1,032,000 |
repurchase of independent distribution rights | ||
cash paid at issuance of notes receivable | ||
principal payments from notes receivable | ||
acquisition of business, net of cash acquired | ||
proceeds from insurance settlement | ||
other investing activities | ||
net cash disbursed for investing activities | -4,985,000 | -21,592,000 |
cash flows from (disbursed for) financing activities: | ||
dividends paid, including dividends on stock-based payment awards | ||
stock repurchases | 0 | -8,569,000 |
change in bank overdrafts | ||
proceeds from debt borrowings | 280,700,000 | 291,400,000 |
debt obligation payments | ||
payments on financing leases | ||
payments for financing fees | ||
net cash from (disbursed for) financing activities | -34,933,000 | -12,557,000 |
net increase in cash and cash equivalents | -413,000 | -5,545,000 |
cash and cash equivalents at beginning of period | 0 | 0 |
cash and cash equivalents at end of period | -413,000 | -5,545,000 |
loss on foreign currency exchange rates | ||
gain reclassified from accumulated other comprehensive income to net income | ||
pension and postretirement plans expense | -27,000 | -26,000 |
qualified pension plan contributions | ||
changes in operating assets and liabilities: | ||
repurchase of independent distributor territories | ||
proceeds from sales of property, plant and equipment | ||
acquisition of business | ||
investment in unconsolidated affiliate | ||
dividends paid, including dividends on share-based payment awards | ||
payments for debt issuance costs | ||
net cash disbursed for financing activities | ||
effect of exchange rates on cash | ||
net decrease in cash and cash equivalents | ||
schedule of non-cash investing and financing activities: | ||
issuance of executive deferred compensation plan common stock | ||
right-of-use assets obtained in exchange for new financing lease liabilities | ||
right-of-use assets obtained in exchange for new operating lease liabilities | ||
issuance of notes receivable on new distribution territories | ||
distributor routes sold with deferred gains | ||
purchase of property, plant and equipment included in accounts payable | ||
supplemental disclosures of cash flow information: | ||
cash paid during the period for: | ||
interest | ||
income taxes paid, net of refunds of 337, 120 and 9,797, respectively | ||
loss reclassified from accumulated other comprehensive income to net income | ||
changes in operating assets and liabilities, net of acquisitions: | ||
net cash (disbursed for) provided by financing activities | ||
acquisition of trademark | ||
purchase of leased warehouses | ||
income taxes paid, net of refunds of 120, 9,797 and 305, respectively | ||
restructuring and related impairment charges | ||
contingent consideration | ||
income taxes paid, net of refunds of 9,797, 305 and 917, respectively | ||
acquisition of trademarks | ||
cash flows disbursed for investing activities: | ||
cash flows disbursed for financing activities: | ||
cash flows (disbursed for) provided by financing activities: | ||
cash received from insurance proceeds | ||
contingent consideration payments | ||
income taxes paid, net of refunds of 305, 917 and 460, respectively | ||
acquisition of businesses, net of cash acquired | ||
exercise of stock options | 212,000 | 250,000 |
capital lease obligations | ||
income taxes paid, net of refunds of 917, 460 and 40, respectively | ||
gain on divestiture | ||
proceeds from sale of mix plant | ||
income taxes paid, net of refunds of 460, 40 and 236, respectively | ||
pension and postretirement plans (benefit) expense | ||
other assets | -10,191,000 | 5,565,000 |
other accrued liabilities | -15,393,000 | 4,399,000 |
debt and capital lease obligation payments | -293,105,000 | -273,030,000 |
schedule of non cash investing and financing activities: | ||
capital and right-to-use lease obligations | ||
increase in property, plant and equipment from financing | ||
income taxes paid, net of refunds of 40, 236 and 12,212, respectively | ||
other financing activities | ||
net cash (disbursed for) provided by investing activities | ||
stock repurchases, including accelerated stock repurchases | ||
acquisition of intangible assets | ||
shares issued for the alpine acquisition | ||
income taxes paid, net of refunds of 236, 12,212 and 7,587, respectively | ||
pension and postretirement plans income | ||
net cash from (disbursed for) investing activities | ||
net cash (disbursed for) financing activities | ||
accounts and notes receivable | 4,170,000 | |
contingently refundable consideration | ||
excess windfall tax benefit related to share-based payment awards | ||
income taxes paid, net of refunds of 12,212, 7,587 and 4,240, respectively | ||
purchase of property, plant and equipment | -13,848,000 | -21,889,000 |
gain on acquisition | ||
proceeds from sale of new distribution territories | ||
income taxes paid, net of refunds of 7,587, 4,240 and 323, respectively | ||
proceeds from sales of distribution territories | ||
dividends paid, including dividends on vested restricted stock awards | ||
deposit paid for potential acquisition | ||
payment of financing fees | 0 | 0 |
shares issued for the lepage acquisition | ||
deferred obligations issued for acquisition | ||
income taxes paid, net of refunds of 4,240, 323 and 7,194, respectively | ||
contingent acquisition consideration payments | 0 | 0 |
net cash from financing activities | ||
issuance of deferred compensation to common stock equivalent units | ||
shares issued for acquisition | ||
interest, net of capitalized interest | ||
income taxes paid, net of refunds of 323, 7,194 and 430, respectively | ||
stock based compensation | 1,816,000 | |
pension contributions | -1,268,000 | -7,640,000 |
deposit paid for the acquired hostess assets | ||
acquisitions, net of cash acquired | 0 | |
dividends paid | -20,311,000 | -20,337,000 |
change in bank overdraft | ||
cash flows (disbursed for) investing activities: | ||
repurchase of distributor territories | ||
deconsolidation of variable interest entity | ||
excess windfall tax benefit related to stock awards | ||
change in cash overdrafts | ||
deconsolidation of vie capital leases | ||
issuance of notes receivable | 10,978,000 | -3,672,000 |
income taxes paid, net of refunds of 7,194, 430 and 623, respectively | ||
proceeds from notes receivable | 2,978,000 | 2,937,000 |
change in book overdraft | -2,441,000 | -2,272,000 |
(issuance) conversion of deferred compensation to common stock equivalent units | ||
income taxes paid, net of refunds of 430, 623 and 1,167, respectively | ||
changes in assets and liabilities: | ||
derivative transactions | ||
income tax benefit related to stock awards | 1,000 | |
gain on sale of assets | ||
asset impairment | ||
accounts payable and other accrued liabilities | ||
change in book overdraft. | ||
stock issued for acquisitions | ||
income taxes paid, net of refunds of 623, 1,167 and 252, respectively | ||
changes in assets and liabilities, net of acquisitions and disposals: | ||
conversion of deferred compensation to common stock equivalent units | ||
income taxes paid, net of refunds of 1,167, 252 and 189, respectively | ||
excess tax benefits from stock based compensation | ||
increase of notes receivable | ||
proceeds (increase) of notes receivable | ||
non-cash expenses related to discontinued operations | ||
cumulative effect of a change in accounting principle | ||
reserve for hedging counterparty receivable | ||
minority interest in variable interest entity | ||
pension obligations | ||
proceeds from credit facility borrowings | ||
income taxes paid, net of refunds of 252, 189 and 10,533, respectively | ||
write-off of certain distributor notes | ||
stock issued for acquisition | ||
stock compensation transactions | ||
income taxes paid, net of refunds of 189, 10,533 and 316, respectively | ||
non-cash income related to discontinued operations | ||
purchase of notes receivable | ||
income tax windfall benefit related to stock awards | ||
facility closing costs and severance | ||
consolidation of variable interest entity | ||
other debt and capital lease obligation payments | ||
income taxes paid, net of refunds of 10,553, 316 and 287, respectively | ||
reserve for distributor notes | ||
(purchase of) proceeds from notes receivable | ||
income tax benefit related to stock options exercised | ||
payment of legal settlement | ||
discontinued operations | ||
proceeds from credit facility borrowing | ||
cash paid (refunded) during the period for: | ||
cash flows (disbursed for) provided by investing activities: | ||
proceeds from (purchase of) notes receivable | ||
proceeds from sale of mrs. smith’s bakeries’ frozen dessert business | ||
payment for termination of derivative instruments | ||
proceeds from sale of mrs. smith’s bakeries frozen dessert business | ||
adjustments to reconcile net income to net cash from (disbursed for) operating activities: | ||
stock appreciation rights | ||
net cash from (disbursed for) operating activities | ||
goodwill impairment | ||
acquisition of business, net of cash received | ||
net cash (disbursed for) financing activities: | ||
net cash (disbursed for) provided by financing activities: | ||
adjustments to reconcile net income to net cash disbursed for operating activities: | ||
net cash disbursed for operating activities | ||
cash flows from operating activities: | ||
changes in assets and liabilities, net of acquisitions: | ||
cash flows from investing activities: | ||
cash flows from financing activities: | ||
cash flows (disbursed for) received from operating activities: | ||
adjustments to reconcile net income to net cash (disbursed for) received from operating activities: | ||
extraordinary gain, net of tax | ||
unusual charges | ||
non-cash effect of derivative instruments | ||
net cash (disbursed for) received from operating activities | ||
cash flows (disbursed for) received from investing activities: | ||
proceeds from/(purchase of) notes receivable | ||
acquisitions net of divestitures | ||
dividends received | ||
proceeds from property disposals | ||
net cash (disbursed for) investing activities | ||
cash flows (disbursed for) received from financing activities: | ||
stock compensation and warrants exercised | ||
proceeds from new credit agreement | ||
purchase of debentures | ||
other net changes in debt and other liabilities in connection with the spin-off and merger | ||
net cash (disbursed for) received from financing activities | ||
proceeds from / (purchase of) notes receivable | ||
other debt and capital lease obligation proceeds / | ||
net cash received from financing activities |
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