| |
Years Ended December 31, |
|
$ change |
| (In millions) |
|
2006 |
2005 |
2004 |
|
|
2006 |
2005 |
| Cash flows from operating activities |
|
|
|
|
|
|
|
|
| Continuing operations: |
|
|
|
|
|
|
|
|
| Before contributions to VEBA |
$ |
257.2 |
259.8 |
281.9 |
|
$ |
(2.6) |
(22.1) |
| Contributions to VEBA |
|
(225.0) |
- |
(50.0) |
|
|
(225.0) |
50.0 |
| Subtotal |
|
32.2 |
259.8 |
231.9 |
|
|
(227.6) |
27.9 |
| Discontinued operations: |
|
|
|
|
|
|
|
|
| BAX Global |
|
5.8 |
54.2 |
52.8 |
|
|
(48.4) |
1.4 |
| Federal Black Lung Excise Tax refunds |
|
15.1 |
- |
- |
|
|
15.1 |
- |
| Settlement of pension withdrawal liabilities |
|
(20.4) |
- |
- |
|
|
(20.4) |
- |
| Other |
|
(0.4) |
- |
0.2 |
|
|
(0.4) |
(0.2) |
| Operating activities |
|
32.3 |
314.0 |
284.9 |
|
|
(281.7) |
29.1 |
| Cash flows from investing activities |
|
|
|
|
|
|
|
|
| Continuing operations: |
|
|
|
|
|
|
|
|
| Capital expenditures |
|
(279.3) |
(271.7) |
(194.9) |
|
|
(7.6) |
(76.8) |
| Net proceeds from disposal of: |
|
|
|
|
|
|
|
|
| BAX Global (a) |
|
1,010.5 |
- |
- |
|
|
1,010.5 |
- |
| Natural resource interests |
|
- |
5.0 |
28.6 |
|
|
(5.0) |
(23.6) |
| Acquisitions |
|
(14.4) |
(53.2) |
(14.8) |
|
|
38.8 |
(38.4) |
| Purchases of marketable securities, net |
|
(9.6) |
(6.0) |
(4.2) |
|
|
(3.6) |
(1.8) |
| Other |
|
5.7 |
3.5 |
11.9 |
|
|
2.2 |
(8.4) |
| Subtotal |
|
712.9 |
(322.4) |
(173.4) |
|
|
1,035.3 |
(149.0) |
| Discontinued operations: |
|
|
|
|
|
|
|
|
| BAX Global |
|
(5.2) |
(72.8) |
(48.3) |
|
|
67.6 |
(24.5) |
| Natural resources |
|
- |
- |
(0.8) |
|
|
- |
0.8 |
| Investing activities |
|
707.7 |
(395.2) |
(222.5) |
|
|
1,102.9 |
(172.7) |
| Cash flows before financing activities |
$ |
740.0 |
(81.2) |
62.4 |
|
$ |
821.2 |
(143.6) |
