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This excerpt taken from the TFX 10-K filed Mar 20, 2006. Statement of Cash Flows
Data:
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Net cash provided by operating
activities from continuing operations
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$ | 335,892 | $ | 254,795 | $ | 225,696 | $ | 193,000 | $ | 183,253 | |||||||||||
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Free cash
flow(3)
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$ | 226,721 | $ | 167,282 | $ | 118,517 | $ | 93,131 | $ | 74,094 |
| (1) | Certain reclassifications have been made to the prior years’ selected financial data to conform to current year presentation. Certain financial information is presented on a rounded basis, which may cause minor differences. |
| (2) | Amounts exclude the impact of certain businesses sold or discontinued, which have been presented in our consolidated financial results as discontinued operations. |
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Table of Contents
(3)
Free cash flow may be considered a non-GAAP financial measure.
Regulation G, “Conditions for Use of Non-GAAP Financial
Measures,” and other provisions of the Securities Exchange
Act of 1934 (“1934 Act”) define and prescribe the
conditions for use of certain non-GAAP financial information. We
use this non-GAAP financial measure for internal managerial
purposes, when publicly providing guidance on possible future
results, and as a means to evaluate
period-to-period
comparisons. This non-GAAP financial measure is used in addition
to and in conjunction with results presented in accordance with
GAAP. This non-GAAP financial measure should not be relied upon
to the exclusion of GAAP financial measures. This non-GAAP
financial measure reflects an additional way of viewing an
aspect of our operations that, when viewed with our GAAP results
and the accompanying reconciliation to the corresponding GAAP
financial measure, provides a more complete understanding of
factors and trends affecting our business. Management strongly
encourages investors to review our financial statements and
publicly-filed reports in their entirety and to not rely on any
single financial measure. The following is a reconciliation of
this non-GAAP financial measure to the nearest GAAP measure as
required under Securities and Exchange Commission rules.
| 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||
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Free cash flow
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$ | 226,721 | $ | 167,282 | $ | 118,517 | $ | 93,131 | $ | 74,094 | ||||||||||
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Capital expenditures
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69,851 | 52,938 | 76,298 | 72,008 | 83,573 | |||||||||||||||
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Dividends
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39,320 | 34,575 | 30,881 | 27,861 | 25,586 | |||||||||||||||
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Net cash provided by operating
activities from continuing operations
|
$ | 335,892 | $ | 254,795 | $ | 225,696 | $ | 193,000 | $ | 183,253 | ||||||||||
| ITEM 7. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
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