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Zimmer Holdings, Inc. Reports First Quarter 2009 Financial Results
Date:4/23/2009
$7,239.0 ======== ======== ZIMMER HOLDINGS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2009 and 2008 (in millions, unaudited) 2009 2008 ---- ---- Cash flows provided by (used in) operating activities Net earnings of Zimmer Holdings, Inc. $202.2 $239.3 Depreciation and amortization 79.6 61.8 Share-based compensation 17.1 14.9 Inventory step-up 4.2 0.3 Income tax benefits from employee stock compensation plans 0.1 2.6 Excess income tax benefits from employee stock compensation plans - (1.6) Changes in operating assets and liabilities Income taxes 44.9 5.4 Receivables (6.3) (53.1) Inventories (32.2) (14.3) Accounts payable and accrued expenses (111.5) 12.7 Other assets and liabilities (13.5) (25.3) ----- ----- Net cash provided by operating activities 184.6 242.7 ----- ----- Cash flows used in investing activities Additions to instruments (45.3) (57.5) Additions to other property, plant and equipment (30.9) (53.4) Acquisition of intellectual property rights (7.6) - Investments in other assets (0.6) -
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