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Zimmer Reports Fourth Quarter and 2008 Financial Results
Date:1/29/2009

69.9 70.1 Inventory step-up 7.0 0.5 Income tax benefits from employee stock compensation plans 12.5 40.8 Excess income tax benefits from employee stock compensation plans (6.5) (27.0) Changes in operating assets and liabilities Income taxes (75.3) 70.0 Receivables (44.4) (12.5) Inventories (148.1) (58.0) Accounts payable and accrued expenses 119.3 61.9 Other assets and liabilities (19.7) (71.1) Net cash provided by operating activities 1,038.1 1,084.4 Cash flows provided by (used in) investing activities Additions to instruments (237.9) (138.5) Additions to other property, plant and equipment (250.0) (192.7) Acquisition of intellectual property rights (109.4) - Proceeds from sale of other assets 54.9 - Abbott Spine acquisition, net of acquired cash (363.0) - Other acquisitions, net of acquired cash (18.8) (160.3) Net cash used in investing activities (924.2) (491.5) Cash flows provided by (used in) financing activities Net borrowings under credit facilities 330.0 - Proceeds from employee stock c
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SOURCE Zimmer Holdings, Inc.
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