ABD » Topics » Cash Flow from Investing Activities

These excerpts taken from the ABD 10-K filed Feb 26, 2010.

Cash Flow from Investing Activities

Cash used by investing activities was $3.9 million and $18.7 million for the years ended December 31, 2009 and 2008, respectively. Gross capital expenditures were $10.3 million and $43.5 million for the years ended December 31, 2009 and 2008, respectively. The decrease was driven by the completion of distribution facility and information technology projects in the prior year, as well as planned reductions in spending in 2009. The sale of discontinued operations during 2009 generated net cash proceeds of $9.2 million, net of selling costs. Additional cash proceeds of $3.8 million and additional costs associated with the sale of approximately $5.6 million are expected to be paid at a future date. Activity in 2008 included $24.8 million of net proceeds, primarily from the sale of four former manufacturing and administrative facilities.

Cash Flow from Investing Activities

Cash used by investing activities was $18.7 million and $55.2 million for the years ended December 31, 2008 and 2007, respectively. Gross capital expenditures in 2008 were $43.5 million and were $59.1 million in 2007. The capital spend in 2008 resulted from continued information technology investments and completion of distribution facilities, while the 2007 spend was driven by the cost of new distribution facilities and information technology investments. Proceeds from the sale of assets were $20.9 million higher than the prior year, and resulted primarily from the sale of four former manufacturing and administrative facilities.

This excerpt taken from the ABD 10-Q filed May 6, 2009.

Cash Flow from Investing Activities

Cash used by investing activities was $2.4 million and $15.7 million for the three months ended March 31, 2009 and 2008, respectively. Gross capital expenditures were $1.8 million and $16.3 million for the three months ended March 31, 2009 and 2008, respectively. The decrease was driven by the completion of distribution facility and information technology projects in the prior year, as well as planned reductions in spending in the current year.

These excerpts taken from the ABD 10-K filed Mar 2, 2009.

Cash Flow from Investing Activities

Cash used by investing activities was $18.7 million and $55.2 million for the years ended December 31, 2008 and 2007, respectively. Gross capital expenditures in 2008 were $43.5 million and were $59.1 million in 2007. The capital spend in 2008 resulted from continued information technology investments and completion of distribution facilities, while the 2007 spend was driven by the cost of new distribution facilities and information technology investments. Proceeds from the sale of assets were $20.9 million higher than the prior year, and resulted primarily from the sale of four former manufacturing and administrative facilities.

Cash Flow from Investing Activities

Cash used by investing activities was $55.2 million and $21.4 million for the years ended December 31, 2007 and 2006, respectively. Gross capital expenditure was $59.1 million and $33.1 million in for the years ended December 31, 2007. and 2006, respectively. The increase was driven by the cost of new distribution facilities and continued information technology investments.

This excerpt taken from the ABD 10-Q filed Nov 6, 2008.

Cash Flow from Investing Activities

 

Cash used by investing activities was $17.0 million and $37.3 million for the nine months ended September 30, 2008 and 2007, respectively.  Gross capital expenditures were $38.9 million and $38.1 million for the nine months ended September 30, 2008 and 2007, respectively. The capital spend in 2008 was led by continued information technology investments and completion of the Booneville, Mississippi distribution facility, while the 2007 spend was driven by the cost of new distribution facilities.  Proceeds from the sale of assets were $21.1 million higher than the prior year nine months, and resulted primarily from the sale of four former manufacturing and administrative facilities.

 

This excerpt taken from the ABD 10-Q filed Aug 6, 2008.

Cash Flow from Investing Activities

 

Cash used by investing activities was $26.1 million and $21.6 million for the six months ended June 30, 2008 and 2007, respectively.  Gross capital expenditures were $30.0 million and $21.9 million for the six months ended June 30, 2008 and 2007, respectively. The increase was driven by the cost of new distribution facilities and continued information technology investments.

 

This excerpt taken from the ABD 10-Q filed May 7, 2008.

Cash Flow from Investing Activities

 

Cash used by investing activities was $15.7 million and $8.9 million for the three months ended March 31, 2008 and 2007, respectively.  Gross capital expenditures were $16.3 million and $9.0 million in for the three months ended March 31, 2008 and 2007, respectively. The increase was driven by the cost of new distribution facilities and continued information technology investments.

 

These excerpts taken from the ABD 10-K filed Feb 29, 2008.

Cash Flow from Investing Activities

        Cash used by investing activities was $21.4 million and $32.4 million for 2006 and 2005, respectively. Gross capital expenditure was $33.1 million in 2006 and $34.5 million in 2005; both years included substantial investment in enhanced information technology systems of $12.2 million and $12.7 million in 2006 and 2005, respectively. In 2006, capital spending was partly offset by proceeds from the sale of assets of $9.6 million, of which $4.2 million related to the sale of our Perma business assets during the third quarter. In 2005, proceeds were $2.5 million, of which $1.8 million related to the sale of our Turin, Italy facility.

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Cash Flow from Investing Activities





        Cash used by investing activities was $21.4 million and $32.4 million for 2006 and 2005, respectively. Gross capital expenditure was
$33.1 million in 2006 and $34.5 million in 2005; both years included substantial investment in enhanced information technology systems of $12.2 million and $12.7 million in
2006 and 2005, respectively. In 2006, capital spending was partly offset by proceeds from the sale of assets of $9.6 million, of which $4.2 million related to the sale of our Perma
business assets during the third quarter. In 2005, proceeds were $2.5 million, of which $1.8 million related to the sale of our Turin, Italy facility.



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This excerpt taken from the ABD 10-K filed Mar 1, 2007.
Cash Flow from Investing Activities
 
Cash used by investing activities was $32.4 million in 2005 and $6.1 million in 2004. Gross capital expenditure was $34.5 million and $27.6 million in 2005 and 2004, respectively; both years include substantial investment in enhanced information technology systems of $12.7 million and $16.8 million in 2005 and 2004, respectively. In 2005, capital spending was partly offset by proceeds from the sale of certain properties for $2.5 million, of which $1.8 million relates to the sale of our Turin, Italy facility. In 2004, proceeds of $21.5 million were generated primarily from the sale of the Company’s Wheeling, Illinois and St. Charles, Illinois plants, and its University Park, Illinois distribution center (all closed under the Company’s restructuring program).


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Table of Contents

 
This excerpt taken from the ABD 10-K filed Mar 22, 2006.
Cash Flow from Investing Activities
 
Cash used by investing activities was $6.1 million and $1.7 million for the fiscal years 2004 and 2003, respectively. Gross capital expenditure was $27.6 million and $16.3 million, for the fiscal years 2004 and 2003, respectively. The increase in capital expenditure in 2004 was largely due to costs associated with the implementation of Oracle systems modules in the U.S. Further, capital spending in recent years was suppressed as the Company placed focus on restructuring-related initiatives, including the overall reduction of its facility footprint. Capital expenditure was partly offset by proceeds, principally from the sale of facilities, of $21.5 million and $14.6 million for the fiscal years 2004 and 2003, respectively. In 2004, proceeds were generated primarily from the sale of the company’s Wheeling, Illinois and St. Charles, Illinois plants and its University Park, Illinois distribution center. In 2003, proceeds were substantially related to the sale of one manufacturing plant in Nogales, Mexico and the sale of our former European headquarters facility in the U.K.
 

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Avery Dennison (AVY)
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