Sigma-Aldrich (Nasdaq: SIAL) Q3 2007 Sales Increase 14.0%, Yielding Diluted EP...(/p ...)

Ended September 30,

2007 2006

Cash flows from operating activities:

Net income $226.2 $205.2

Adjustments to reconcile net income

to net cash provided by operating

activities:

Depreciation and amortization 72.5 66.8

Deferred income taxes (16.1) (24.3)

Stock-based compensation expense 14.9 10.2

Other 6.1 5.7

Changes in assets and liabilities:

Increase in accounts receivable (31.8) (35.8)

Increase in inventories (27.4) (14.5)

Increase in accrued income taxes 25.6 4.8

Other (0.6) 7.9

Net cash provided by operating

activities 269.4 226.0

Cash flows from investing activities:

Property, plant, and equipment

additions (53.0) (47.2)

Proceeds from sale of property, plant

and equipment 1.0 2.5

Acquisitions of businesses, net of

cash acquired (67.6) (15.2)

Other, net (5.2) (11.4)

Net cash used in investing activities (124.8) (71.3)

Cash flows from financing activities:

Net issuance of short-term debt 89.8 90.6

Repayment of long-term debt (67.4) (67.2)

Payment of dividends
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