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Zimmer Reports Fourth Quarter and 2009 Financial Results
Date:1/28/2010

FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2009 and 2008 (in millions, unaudited) 2009 2008 ---- ---- Cash flows provided by (used in) operating activities Net earnings of Zimmer Holdings, Inc. $717.4 $848.6 Depreciation and amortization 337.4 275.1 Goodwill impairment 73.0 - Gain on sale of investments - (38.8) In-process research and development - 38.5 Net curtailment and settlement (32.1) - Share-based compensation 75.3 69.9 Inventory step-up 12.5 7.0 Income tax benefits from employee stock compensation plans 3.5 12.5 Excess income tax benefits from employee stock compensation plans (0.4) (6.5) Changes in operating assets and liabilities Income taxes (12.7) (75.3) Receivables (4.6) (44.4) Inventories 36.2 (148.1) Accounts payable and accrued expenses (132.6) 119.3 Other assets and liabilities 44.6 (19.7) ---- ----- Net cash
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