STATEMENTS OF CASH FLOWS
Published on November 14, 2008
Exhibit 99.1
JBT CORPORATION
CONDENSED COMBINED STATEMENTS OF CASH FLOWS
(Unaudited and in millions)
| Nine Months Ended September 30, |
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| 2008 | 2007 | |||||||
| Cash provided (required) by operating activities of continuing operations: |
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| Income from continuing operations |
$ | 33.8 | $ | 25.4 | ||||
| Depreciation and amortization |
19.5 | 19.0 | ||||||
| Trade accounts receivable, net |
12.4 | (18.5 | ) | |||||
| Inventories |
5.3 | (31.4 | ) | |||||
| Accounts payable, trade and other |
(22.9 | ) | 11.1 | |||||
| Advance payments and progress billings |
7.9 | (1.1 | ) | |||||
| Other |
14.1 | 10.3 | ||||||
| Net cash provided by operating activities of continuing operations |
70.1 | 14.8 | ||||||
| Cash required by operating activities of discontinued operations |
(0.1 | ) | (2.1 | ) | ||||
| Cash provided (required) by investing activities of continuing operations: |
||||||||
| Acquisitions |
(4.5 | ) | — | |||||
| Capital expenditures |
(16.6 | ) | (14.2 | ) | ||||
| Proceeds on disposal of assets and other |
2.4 | 1.4 | ||||||
| Net cash required by investing activities of continuing operations |
(18.7 | ) | (12.8 | ) | ||||
| Cash provided by investing activities of discontinued operations |
0.7 | 5.1 | ||||||
| Cash provided (required) by financing activities: |
||||||||
| Net increase (decrease) in debt |
(0.4 | ) | 0.5 | |||||
| Issuance of long-term debt, net of payments |
140.0 | — | ||||||
| Distributions to former parent, net |
(169.2 | ) | (8.0 | ) | ||||
| Purchase of stock held in treasury |
(0.7 | ) | — | |||||
| Net cash required by financing activities |
(30.3 | ) | (7.5 | ) | ||||
| Effect of changes in foreign exchange rates on cash and cash equivalents |
(0.1 | ) | 0.6 | |||||
| Increase (decrease) in cash and cash equivalents |
21.6 | (1.9 | ) | |||||
| Cash and cash equivalents, beginning of period |
9.5 | 10.3 | ||||||
| Cash and cash equivalents, end of period |
$ | 31.1 | $ | 8.4 | ||||