Scotts Company (SMG)

 

Cash used in investing activities was $59.1 million and $72.2 million for fiscal 2008 and 2007, respectively. Capital spending increased from $54.0 million in fiscal 2007 to $60.2 million in fiscal 2008. Capital spending in fiscal 2008 included a $4.1 million investment in intellectual property rights to certain organically derived herbicides, repellants and insecticides. For the three years ended September 30, 2008, the Company’s capital spending was allocated as follows: 50% for expansion and maintenance of Global Consumer productive assets; 12% for new productive assets supporting our Global Consumer business; 9% primarily for leasehold improvements associated with new Smith & Hawken^® retail stores; 5% for expansion and upgrades of Scotts LawnService^® facilities; 16% to expand our information technology capabilities; and 8% for other corporate assets. Acquisition activity in fiscal 2007 was restricted to our Scotts LawnService^® business, approximating $18.7 million. There was no acquisition activity in fiscal 2008.

 

 

Cash used in investing activities was $59.1 million and
$72.2 million for fiscal 2008 and 2007, respectively.
Capital spending increased from $54.0 million in fiscal
2007 to $60.2 million in fiscal 2008. Capital spending in
fiscal 2008 included a $4.1 million investment in
intellectual property rights to certain organically derived
herbicides, repellants and insecticides. For the three years
ended September 30, 2008, the Company’s capital
spending was allocated as follows: 50% for expansion and
maintenance of Global Consumer productive assets; 12% for new
productive assets supporting our Global Consumer business; 9%
primarily for leasehold improvements associated with new
Smith &
Hawken^®

retail stores; 5% for expansion and upgrades of Scotts
LawnService^®

facilities; 16% to expand our information technology
capabilities; and 8% for other corporate assets. Acquisition
activity in fiscal 2007 was restricted to our Scotts
LawnService^®

business, approximating $18.7 million. There was no
acquisition activity in fiscal 2008.

 

 

Cash used in investing activities was $59.1 million and $72.2 million for fiscal 2008 and 2007, respectively. Capital spending increased from $54.0 million in fiscal 2007 to $60.2 million in fiscal 2008. Capital spending in fiscal 2008 included a $4.1 million investment in intellectual property rights to certain organically derived herbicides, repellants and insecticides. For the three years ended September 30, 2008, the Company’s capital spending was allocated as follows: 50% for expansion and maintenance of Global Consumer productive assets; 12% for new productive assets supporting our Global Consumer business; 9% primarily for leasehold improvements associated with new Smith & Hawken^® retail stores; 5% for expansion and upgrades of Scotts LawnService^® facilities; 16% to expand our information technology capabilities; and 8% for other corporate assets. Acquisition activity in fiscal 2007 was restricted to our Scotts LawnService^® business, approximating $18.7 million. There was no acquisition activity in fiscal 2008.

 

 

Cash used in investing activities was $59.1 million and
$72.2 million for fiscal 2008 and 2007, respectively.
Capital spending increased from $54.0 million in fiscal
2007 to $60.2 million in fiscal 2008. Capital spending in
fiscal 2008 included a $4.1 million investment in
intellectual property rights to certain organically derived
herbicides, repellants and insecticides. For the three years
ended September 30, 2008, the Company’s capital
spending was allocated as follows: 50% for expansion and
maintenance of Global Consumer productive assets; 12% for new
productive assets supporting our Global Consumer business; 9%
primarily for leasehold improvements associated with new
Smith &
Hawken^®

retail stores; 5% for expansion and upgrades of Scotts
LawnService^®

facilities; 16% to expand our information technology
capabilities; and 8% for other corporate assets. Acquisition
activity in fiscal 2007 was restricted to our Scotts
LawnService^®

business, approximating $18.7 million. There was no
acquisition activity in fiscal 2008.

 

 

Cash used in investing activities was $72.2 million and $174.1 million for fiscal 2007 and fiscal 2006, respectively. Our acquisitions of Gutwein, RMC, and certain brands and assets of Landmark Seed Company and Turf-Seed in fiscal 2006 were the primary drivers behind the spending for investing activities. No such acquisitions were undertaken in fiscal 2007, with acquisition activity restricted to our Scotts LawnService^® business. Capital spending was consistent at $54.0 million in fiscal 2007 versus $57.0 million in fiscal 2006.