Organization And Business

12 Months Ended

Dec. 31, 2013

Organization And Business [Abstract]

Organization And Business

1.            ORGANIZATION AND BUSINESS

Since its inception in 1991, Lexmark International, Inc. (“Lexmark” or the “Company”) has become a leading developer, manufacturer and supplier of printing, imaging, device management, managed print services (“MPS”), document workflow and, more recently, business process and content management solutions. The Company operates in the office printing and imaging, and enterprise content and business process management (“ECM and BPM”), document output management (“DOM”), intelligent data capture and search software markets. Lexmark's products include laser printers and multifunction devices, dot matrix printers and the associated supplies/solutions/services, as well as ECM, BPM, DOM, intelligent data capture, search and the associated workflow software solutions and services. The major customers for Lexmark's products are large corporations, small and medium businesses (“SMBs”), and the public sector. The Company's products are principally sold through resellers, retailers and distributors in various countries in North and South America, Europe, the Middle East, Africa, Asia, the Pacific Rim and the Caribbean.

Revisions were made to the Consolidated Statements of Cash Flows for the years ended December 31, 2012 and December 31, 2011 to properly reflect the amortization and accretion of premiums and discounts and the realized gains and losses related to the Company's marketable securities. These revisions increased Net cash flows provided by operating activities for 2012 and 2011 by $8.2 million and $10.0 million, respectively, and increased Net cash flows used for investing activities by the same amounts. The revision to operating activities impacted Other in the Adjustments to reconcile net earnings to net cash provided by operating activities and Other assets and liabilities in the Changes in assets and liabilities, net of acquisitions and divestitures by $4.1 million each for 2012 and $6.8 million and $3.2 million, respectively, for 2011. The revision to investing activities impacted Proceeds from sales of marketable securities and Proceeds from maturities of marketable securities as an increase of $0.2 million and a decrease of $8.4 million, respectively, for 2012 and decreases of $6.9 million and $3.1 million, respectively, for 2011. The revisions in the Consolidated Statements of Cash Flows noted above represent errors that are not deemed material, individually or in the aggregate, to the current or prior periods consolidated financial statements.