| |
|
|
|
|
|
|
|
|
| |
Years Ended December 31, |
|
$ change |
| (In millions) |
|
2005 |
2004 |
2003 |
|
|
2005 |
2004 |
| Cash flows from operating activities |
|
|
|
|
|
|
|
|
| Continuing operations: |
|
|
|
|
|
|
|
|
| Before changes in operating assets and liabilities |
$ |
266.3 |
199.5 |
184.4 |
|
$ |
66.8 |
15.1 |
| Changes in assets and liabilities, including working capital |
|
(6.5) |
32.4 |
39.8 |
|
|
(38.9) |
(7.4) |
| Subtotal |
|
259.8 |
231.9 |
224.2 |
|
|
27.9 |
7.7 |
| Discontinued operations: |
|
|
|
|
|
|
|
|
| BAX Global |
|
54.2 |
52.8 |
60.3 |
|
|
1.4 |
(7.5) |
| Natural gas, timber and gold |
|
- |
0.2 |
19.2 |
|
|
(0.2) |
(19.0) |
| Operating activities |
|
314.0 |
284.9 |
303.7 |
|
|
29.1 |
(18.8) |
| Cash flows from investing activities |
|
|
|
|
|
|
|
|
| Continuing operations: |
|
|
|
|
|
|
|
|
| Capital expenditures |
|
(271.7) |
(194.9) |
(179.1) |
|
|
(76.8) |
(15.8) |
| Net proceeds from: |
|
|
|
|
|
|
|
|
| Disposal of former natural resource interests |
|
5.0 |
28.6 |
119.4 |
|
|
(23.6) |
(90.8) |
| Notes receivable and settlement of royalty agreement |
|
- |
- |
26.0 |
|
|
- |
(26.0) |
| Subtotal of natural resource cash proceeds |
|
5.0 |
28.6 |
145.4 |
|
|
(23.6) |
(116.8) |
| Contributions to VEBA (a) |
|
- |
- |
(82.0) |
|
|
- |
82.0 |
| Acquisitions |
|
(53.2) |
(14.8) |
(7.2) |
|
|
(38.4) |
(7.6) |
| Other |
|
(2.5) |
7.7 |
16.6 |
|
|
(10.2) |
(8.9) |
| Subtotal |
|
(322.4) |
(173.4) |
(106.3) |
|
|
(149.0) |
(67.1) |
| Discontinued operations: |
|
|
|
|
|
|
|
|
| BAX Global |
|
(72.8) |
(48.3) |
(47.1) |
|
|
(24.5) |
(1.2) |
| Natural gas, timber and gold |
|
- |
(0.8) |
(8.8) |
|
|
0.8 |
8.0 |
| Investing activities |
|
(395.2) |
(222.5) |
(162.2) |
|
|
(172.7) |
(60.3) |
| Cash flows before financing activities |
$ |
(81.2) |
62.4 |
141.5 |
|
$ |
(143.6) |
(79.1) |