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Guarantor Subsidiaries
3 Months Ended
Mar. 31, 2014
Guarantor Subsidiaries [Abstract]  
Schedules Of Condensed Financial Statements [Text Block]

The 2020 Notes, the 2025 Notes, the 2042 Notes, and the 3.50% Convertible Senior Subordinated Notes, due 2044 are fully and unconditionally guaranteed, subject to certain customary release provisions, on an unsecured, joint and several basis by certain wholly-owned subsidiaries of the Company (the “Guarantor Subsidiaries”).  The following condensed consolidating unaudited financial data illustrates the composition of Omnicare, Inc. (“Parent”), the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries as of March 31, 2014 and December 31, 2013 for the balance sheets, as well as the three months ended March 31, 2014 and 2013 for the statements of comprehensive income (loss) and the statements of cash flows.  Management believes separate complete financial statements of the Guarantor Subsidiaries would not provide information that would be necessary for evaluating the sufficiency of the Guarantor Subsidiaries, and thus are not presented.  The equity method has been used with respect to the Parent company’s investment in subsidiaries.  No consolidating/eliminating adjustment column is presented for the condensed consolidating statements of cash flows since there were no significant consolidating/eliminating adjustment amounts during the periods presented.

Summary Consolidating
Statements of Comprehensive Income (Loss)
(in thousands)
 
 
For the three months ended March 31,
2014:
 
Parent
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating / 
Eliminating Adjustments
 
Omnicare, Inc. and Subsidiaries
Net sales
 
$

 
$
1,540,006

 
$
31,032

 
$

 
$
1,571,038

Cost of sales
 

 
1,194,399

 
18,185

 

 
1,212,584

Gross profit
 

 
345,607

 
12,847

 

 
358,454

Selling, general and administrative expenses
 
987

 
182,120

 
3,706

 

 
186,813

Provision for doubtful accounts
 

 
21,047

 
514

 

 
21,561

Settlement, litigation and other related charges
 

 
7,052

 

 

 
7,052

Other charges
 

 
10,276

 

 

 
10,276

Operating income (loss)
 
(987
)
 
125,112

 
8,627

 

 
132,752

Interest expense, net of investment income
 
(29,156
)
 
(285
)
 

 

 
(29,441
)
Income (loss) before income taxes
 
(30,143
)
 
124,827

 
8,627

 

 
103,311

Income tax (benefit) expense
 
(11,671
)
 
48,004

 
3,340

 

 
39,673

Income (loss) from continuing operations
 
(18,472
)
 
76,823

 
5,287

 

 
63,638

Income (loss) from discontinued operations
 

 
171

 
(35
)
 

 
136

Equity of net income of subsidiaries
 
82,246

 

 

 
(82,246
)
 

Net income
 
$
63,774

 
$
76,994

 
$
5,252

 
$
(82,246
)
 
$
63,774

Comprehensive income
 
$
63,997

 
$
76,994

 
$
5,252

 
$
(82,246
)
 
$
63,997

2013:
 
 

 
 

 
 

 
 

 
 

Net sales
 
$

 
$
1,427,130

 
$
31,815

 
$

 
$
1,458,945

Cost of sales
 

 
1,091,162

 
18,079

 

 
1,109,241

Gross profit
 

 
335,968

 
13,736

 

 
349,704

Selling, general and administrative expenses
 
1,006

 
184,978

 
4,709

 

 
190,693

Provision for doubtful accounts
 

 
23,532

 
478

 

 
24,010

Settlement, litigation and other related charges
 

 
22,619

 

 

 
22,619

Other charges
 

 
4,006

 

 

 
4,006

Operating income (loss)
 
(1,006
)
 
100,833

 
8,549

 

 
108,376

Interest expense, net of investment income
 
(28,991
)
 
(293
)
 
(178
)
 

 
(29,462
)
Income (loss) before income taxes
 
(29,997
)
 
100,540

 
8,371

 

 
78,914

Income tax (benefit) expense
 
(11,546
)
 
38,924

 
3,222

 

 
30,600

Income (loss) from continuing operations
 
(18,451
)
 
61,616

 
5,149

 

 
48,314

Income (loss) from discontinued operations
 

 
6,063

 
(23
)
 

 
6,040

Equity of net income of subsidiaries
 
72,805

 

 

 
(72,805
)
 

Net income
 
$
54,354

 
$
67,679

 
$
5,126

 
$
(72,805
)
 
$
54,354

Comprehensive income
 
$
54,330

 
$
67,679

 
$
5,126

 
$
(72,805
)
 
$
54,330



Note 10 - Guarantor Subsidiaries (Continued)
Condensed Consolidating Balance Sheets
(in thousands)
As of March 31, 2014:
 
Parent
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Omnicare, Inc. and Subsidiaries
ASSETS
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
284,410

 
$
49,777

 
$
12,800

 
$

 
$
346,987

Accounts receivable, net (including intercompany)
 

 
752,924

 
336,511

 
(333,815
)
 
755,620

Inventories
 

 
435,847

 
6,787

 

 
442,634

Deferred income tax benefits, net-current
 

 
126,717

 
21

 

 
126,738

Other current assets
 
1,407

 
250,744

 
24,962

 

 
277,113

Current assets of discontinued operations
 

 
46,537

 
122

 

 
46,659

Total current assets
 
285,817

 
1,662,546

 
381,203

 
(333,815
)
 
1,995,751

Properties and equipment, net
 

 
313,016

 
4,840

 

 
317,856

Goodwill
 

 
4,028,651

 
28,805

 

 
4,057,456

Identifiable intangible assets, net
 

 
120,093

 
1,964

 

 
122,057

Other noncurrent assets
 
42,079

 
53,855

 
65

 

 
95,999

Noncurrent assets of discontinued operations
 

 
85,028

 
31

 

 
85,059

Investment in subsidiaries
 
5,059,898

 

 

 
(5,059,898
)
 

Total assets
 
$
5,387,794

 
$
6,263,189

 
$
416,908

 
$
(5,393,713
)
 
$
6,674,178

LIABILITIES AND STOCKHOLDERS' EQUITY
 
 

 
 

 
 

 
 

 
 

Current liabilities (including intercompany)
 
$
37,402

 
$
852,060

 
$
28,745

 
$
(333,815
)
 
$
584,392

Current portion of long term debt
 
528,475

 

 

 

 
528,475

Current liabilities of discontinued operations
 

 
17,404

 
3

 

 
17,407

Long-term debt, notes and convertible debentures
 
1,405,876

 
11,615

 

 

 
1,417,491

Deferred income tax liabilities
 
368,532

 
640,955

 
13,928

 

 
1,023,415

Other noncurrent liabilities
 

 
52,960

 
1,689

 

 
54,649

Noncurrent liabilities of discontinued operations
 

 
840

 

 

 
840

Convertible debt
 
329,425

 

 

 

 
329,425

Stockholders' equity
 
2,718,084

 
4,687,355

 
372,543

 
(5,059,898
)
 
2,718,084

Total liabilities and stockholders' equity
 
$
5,387,794

 
$
6,263,189

 
$
416,908

 
$
(5,393,713
)
 
$
6,674,178

As of December 31, 2013:
 
 

 
 

 
 

 
 

 
 

ASSETS
 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents
 
$
275,910

 
$
68,050

 
$
12,041

 
$

 
$
356,001

Accounts receivable, net (including intercompany)
 

 
693,729

 
315,323

 
(313,368
)
 
695,684

Inventories
 

 
505,567

 
6,851

 

 
512,418

Deferred income tax benefits, net-current
 

 
135,148

 

 
(54
)
 
135,094

Other current assets
 
1,989

 
242,166

 
21,381

 

 
265,536

Current assets of discontinued operations
 

 
49,128

 
867

 

 
49,995

Total current assets
 
277,899

 
1,693,788

 
356,463

 
(313,422
)
 
2,014,728

Properties and equipment, net
 

 
301,200

 
4,688

 

 
305,888

Goodwill
 

 
4,028,651

 
28,805

 

 
4,057,456

Identifiable intangible assets, net
 

 
127,798

 
2,176

 

 
129,974

Other noncurrent assets
 
41,825

 
54,834

 
63

 

 
96,722

Noncurrent assets of discontinued operations
 

 
87,047

 
31

 

 
87,078

Investment in subsidiaries
 
5,131,280

 

 

 
(5,131,280
)
 

Total assets
 
$
5,451,004

 
$
6,293,318

 
$
392,226

 
$
(5,444,702
)
 
$
6,691,846

LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
 
Current liabilities (including intercompany)
 
$
83,028

 
$
793,461

 
$
23,986

 
$
(313,368
)
 
$
587,107

Current portion of long term debt
 
527,204

 

 

 

 
527,204

Current liabilities of discontinued operations
 

 
18,829

 
17

 

 
18,846

Long-term debt, notes and convertible debentures
 
1,405,628

 
13,191

 

 

 
1,418,819

Deferred income tax liabilities
 
363,240

 
635,640

 
13,907

 
(54
)
 
1,012,733

Other noncurrent liabilities
 

 
52,072

 
1,763

 

 
53,835

Noncurrent liabilities of discontinued operations
 

 
1,398

 

 

 
1,398

Convertible debt
 
331,101

 

 

 

 
331,101

Stockholders' equity
 
2,740,803

 
4,778,727

 
352,553

 
(5,131,280
)
 
2,740,803

Total liabilities and stockholders' equity
 
$
5,451,004

 
$
6,293,318

 
$
392,226

 
$
(5,444,702
)
 
$
6,691,846

 
 
 
 
 
 
 
 
 
 
 

Note 10 - Guarantor Subsidiaries (Continued)

Condensed Consolidating Statements of Cash Flows
(in thousands)
 
 
Three months ended March 31,
2014:
 
Parent
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Omnicare, Inc. and Subsidiaries
Cash flows from operating activities:
 
 
 
 
 
 
 
 
Net cash flows (used in) from operating activities
 
$
(1,854
)
 
$
178,130

 
$
1,222

 
$
177,498

Cash flows from investing activities:
 
 

 
 

 
 

 
 

Divestiture of businesses, net
 

 
3,629

 

 
3,629

Capital expenditures
 

 
(25,702
)
 
(463
)
 
(26,165
)
Other
 

 
(284
)
 

 
(284
)
Net cash flows (used in) investing activities
 

 
(22,357
)
 
(463
)
 
(22,820
)
Cash flows from financing activities:
 
 

 
 

 
 

 
 

Payments on terms loans
 
(5,313
)
 

 

 
(5,313
)
Payments on long-term borrowings and obligations
 
(39,030
)
 

 

 
(39,030
)
Decrease in cash overdraft balance
 
(2,611
)
 
(926
)
 

 
(3,537
)
Payments for Omnicare common stock repurchase
 
(95,417
)
 

 

 
(95,417
)
Dividends paid
 
(19,596
)
 

 

 
(19,596
)
Other
 
172,321

 
(167,504
)
 

 
4,817

Net cash flows from (used in) financing activities
 
10,354

 
(168,430
)
 

 
(158,076
)
Net increase (decrease) in cash and cash equivalents
 
8,500

 
(12,657
)
 
759

 
(3,398
)
Increase (decrease) from discontinued operations
 

 
5,616

 

 
5,616

Net increase (decrease) from continuing operations
 
8,500

 
(18,273
)
 
759

 
(9,014
)
Cash and cash equivalents at beginning of period
 
275,910

 
68,050

 
12,041

 
356,001

Cash and cash equivalents at end of period
 
$
284,410

 
$
49,777

 
$
12,800

 
$
346,987

2013:
 
 

 
 

 
 

 
 

Cash flows from operating activities:
 
 

 
 

 
 

 
 

Net cash flows (used in) from operating activities
 
$
(3,365
)
 
$
114,407

 
$
(2,147
)
 
$
108,895

Cash flows from investing activities:
 
 

 
 

 
 

 
 

Capital expenditures
 

 
(22,099
)
 
(316
)
 
(22,415
)
Other
 
(227
)
 
367

 

 
140

Net cash flows used in investing activities
 
(227
)
 
(21,732
)
 
(316
)
 
(22,275
)
Cash flows from financing activities:
 
 

 
 

 
 

 
 

Payments on term loans
 
(5,313
)
 

 

 
(5,313
)
Payments on long-term borrowings and obligations
 
(1,684
)
 

 

 
(1,684
)
Increase (decrease) in cash overdraft balance
 
(10,900
)
 
1,126

 

 
(9,774
)
Payments for Omnicare common stock repurchases
 
(302
)
 

 

 
(302
)
Dividends paid
 
(14,479
)
 

 

 
(14,479
)
Other
 
89,860

 
(89,323
)
 

 
537

Net cash flows from (used in) financing activities
 
57,182

 
(88,197
)
 

 
(31,015
)
Net increase (decrease) in cash and cash equivalents
 
53,590

 
4,478

 
(2,463
)
 
55,605

Increase (decrease) from discontinued operations
 

 
1,717

 

 
1,717

Net increase (decrease) from continuing operations
 
53,590

 
2,761

 
(2,463
)
 
53,888

Cash and cash equivalents at beginning of period
 
383,674

 
49,108

 
11,838

 
444,620

Cash and cash equivalents at end of period
 
$
437,264

 
$
51,869

 
$
9,375

 
$
498,508


Note 10 - Guarantor Subsidiaries (Continued)

The Company’s 3.25% Convertible Senior Debentures due 2035 (with optional redemption by Omnicare on or after, or an optional repurchase right of holders on, December 15, 2015, at par) are fully and unconditionally guaranteed, subject to certain customary release provisions, on an unsecured basis by Omnicare Purchasing Company, LP, a wholly-owned subsidiary of the Company (the “Guarantor Subsidiary”).  The following condensed consolidating unaudited financial data illustrates the composition of Omnicare, Inc. (“Parent”), the Guarantor Subsidiary and the Non-Guarantor Subsidiaries as of March 31, 2014 and December 31, 2013 for the balance sheets, as well as the three months ended March 31, 2014 and 2013 for the statements of comprehensive income (loss) and the statements of cash flows.  Management believes separate complete financial statements of the Guarantor Subsidiary would not provide information that would be necessary for evaluating the sufficiency of the Guarantor Subsidiary, and thus are not presented.  The Guarantor Subsidiary does not have any material net cash flows in the condensed consolidating statements of cash flows.  The equity method has been used with respect to the Parent company’s investment in subsidiaries.  No consolidating/eliminating adjustments column is presented for the condensed consolidating statements of cash flows since there were no significant consolidating/eliminating adjustment amounts during the periods presented.

Summary Consolidating
Statements of Comprehensive Income (Loss)
(in thousands)
 
 
For the three months ended March 31,
2014:
 
Parent
 
Guarantor Subsidiary
 
Non-Guarantor Subsidiaries
 
Consolidating / 
Eliminating Adjustments
 
Omnicare, Inc. and Subsidiaries
Net sales
 
$

 
$

 
$
1,571,038

 
$

 
$
1,571,038

Cost of sales
 

 

 
1,212,584

 

 
1,212,584

Gross profit
 

 

 
358,454

 

 
358,454

Selling, general and administrative expenses
 
987

 
436

 
185,390

 

 
186,813

Provision for doubtful accounts
 

 

 
21,561

 

 
21,561

Settlement, litigation and other related charges
 

 

 
7,052

 

 
7,052

Other charges
 

 

 
10,276

 

 
10,276

Operating income (loss)
 
(987
)
 
(436
)
 
134,175

 

 
132,752

Interest expense, net of investment income
 
(29,156
)
 

 
(285
)
 

 
(29,441
)
Income (loss) before income taxes
 
(30,143
)
 
(436
)
 
133,890

 

 
103,311

Income tax (benefit) expense
 
(11,671
)
 
(169
)
 
51,513

 

 
39,673

Income (loss) from continuing operations
 
(18,472
)
 
(267
)
 
82,377

 

 
63,638

Income from discontinued operations
 

 

 
136

 

 
136

Equity of net income of subsidiaries
 
82,246

 

 

 
(82,246
)
 

Net income (loss)
 
$
63,774

 
$
(267
)
 
$
82,513

 
$
(82,246
)
 
$
63,774

Comprehensive income (loss)
 
$
63,997

 
$
(267
)
 
$
82,513

 
$
(82,246
)
 
$
63,997

2013:
 
 

 
 

 
 

 
 

 
 

Net sales
 
$

 
$

 
$
1,458,945

 
$

 
$
1,458,945

Cost of sales
 

 

 
1,109,241

 

 
1,109,241

Gross profit
 

 

 
349,704

 

 
349,704

Selling, general and administrative expenses
 
1,006

 
399

 
189,288

 

 
190,693

Provision for doubtful accounts
 

 

 
24,010

 

 
24,010

Settlement, litigation and other related charges
 

 

 
22,619

 

 
22,619

Other charges
 

 

 
4,006

 

 
4,006

Operating income (loss)
 
(1,006
)
 
(399
)
 
109,781

 

 
108,376

Interest expense, net of investment income
 
(28,991
)
 

 
(471
)
 

 
(29,462
)
Income (loss) before income taxes
 
(29,997
)
 
(399
)
 
109,310

 

 
78,914

Income tax (benefit) expense
 
(11,546
)
 
(154
)
 
42,300

 

 
30,600

Income (loss) from continuing operations
 
(18,451
)
 
(245
)
 
67,010

 

 
48,314

Income from discontinued operations
 

 

 
6,040

 

 
6,040

Equity of net income of subsidiaries
 
72,805

 

 

 
(72,805
)
 

Net income (loss)
 
$
54,354

 
$
(245
)
 
$
73,050

 
$
(72,805
)
 
$
54,354

Comprehensive income (loss)
 
$
54,330

 
$
(245
)
 
$
73,050

 
$
(72,805
)
 
$
54,330



Note 10 - Guarantor Subsidiaries (Continued)
Condensed Consolidating Balance Sheets
(in thousands)
As of March 31, 2014:
 
Parent
 
Guarantor Subsidiary
 
Non-Guarantor Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Omnicare, Inc. and Subsidiaries
ASSETS
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
284,410

 
$

 
$
62,577

 
$

 
$
346,987

Accounts receivable, net (including intercompany)
 

 
188

 
755,620

 
(188
)
 
755,620

Inventories
 

 

 
442,634

 

 
442,634

Deferred income tax benefits, net-current
 

 

 
126,738

 

 
126,738

Other current assets
 
1,407

 

 
275,706

 

 
277,113

Current assets of discontinued operations
 

 

 
46,659

 

 
46,659

Total current assets
 
285,817

 
188

 
1,709,934

 
(188
)
 
1,995,751

Properties and equipment, net
 

 
17

 
317,839

 

 
317,856

Goodwill
 

 

 
4,057,456

 

 
4,057,456

Identifiable intangible assets, net
 

 

 
122,057

 

 
122,057

Other noncurrent assets
 
42,079

 
19

 
53,901

 

 
95,999

Noncurrent assets of discontinued operations
 

 

 
85,059

 

 
85,059

Investment in subsidiaries
 
5,059,898

 

 

 
(5,059,898
)
 

Total assets
 
$
5,387,794

 
$
224

 
$
6,346,246

 
$
(5,060,086
)
 
$
6,674,178

LIABILITIES AND STOCKHOLDERS' EQUITY
 
 

 
 

 
 

 
 

 
 

Current liabilities (including intercompany)
 
$
37,402

 
$

 
$
547,178

 
$
(188
)
 
$
584,392

Current portion of long term debt
 
528,475

 

 

 

 
528,475

Current liabilities of discontinued operations
 

 

 
17,407

 

 
17,407

Long-term debt, notes and convertible debentures
 
1,405,876

 

 
11,615

 

 
1,417,491

Deferred income tax liabilities
 
368,532

 

 
654,883

 

 
1,023,415

Other noncurrent liabilities
 

 

 
54,649

 

 
54,649

Noncurrent liabilities of discontinued operations
 

 

 
840

 

 
840

Convertible debt
 
329,425

 

 

 

 
329,425

Stockholders' equity
 
2,718,084

 
224

 
5,059,674

 
(5,059,898
)
 
2,718,084

Total liabilities and stockholders' equity
 
$
5,387,794

 
$
224

 
$
6,346,246

 
$
(5,060,086
)
 
$
6,674,178

As of December 31, 2013:
 
 

 
 

 
 

 
 

 
 

ASSETS
 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents
 
$
275,910

 
$

 
$
80,091

 
$

 
$
356,001

Accounts receivable, net (including intercompany)
 

 
210

 
695,684

 
(210
)
 
695,684

Inventories
 

 

 
512,418

 

 
512,418

Deferred income tax benefits, net-current
 

 

 
135,094

 

 
135,094

Other current assets
 
1,989

 

 
263,547

 

 
265,536

Current assets of discontinued operations
 

 

 
49,995

 

 
49,995

Total current assets
 
277,899

 
210

 
1,736,829

 
(210
)
 
2,014,728

Properties and equipment, net
 

 
19

 
305,869

 

 
305,888

Goodwill
 

 

 
4,057,456

 

 
4,057,456

Identifiable intangible assets, net
 

 

 
129,974

 

 
129,974

Other noncurrent assets
 
41,825

 
19

 
54,878

 

 
96,722

Noncurrent assets of discontinued operations
 

 

 
87,078

 

 
87,078

Investment in subsidiaries
 
5,131,280

 

 

 
(5,131,280
)
 

Total assets
 
$
5,451,004

 
$
248

 
$
6,372,084

 
$
(5,131,490
)
 
$
6,691,846

LIABILITIES AND STOCKHOLDERS' EQUITY
 
 

 
 

 
 

 
 

 
 

Current liabilities (including intercompany)
 
$
83,028

 
$

 
$
504,289

 
$
(210
)
 
$
587,107

Current portion of long term debt
 
527,204

 

 

 

 
527,204

Current liabilities of discontinued operations
 

 

 
18,846

 

 
18,846

Long-term debt, notes and convertible debentures
 
1,405,628

 

 
13,191

 

 
1,418,819

Deferred income tax liabilities
 
363,240

 

 
649,493

 

 
1,012,733

Other noncurrent liabilities
 

 

 
53,835

 

 
53,835

Noncurrent liabilities of discontinued operations
 

 

 
1,398

 

 
1,398

Convertible debt
 
331,101

 

 

 

 
331,101

Stockholders' equity
 
2,740,803

 
248

 
5,131,032

 
(5,131,280
)
 
2,740,803

Total liabilities and stockholders' equity
 
$
5,451,004

 
$
248

 
$
6,372,084

 
$
(5,131,490
)
 
$
6,691,846

 
 
 
 
 
 
 
 
 
 
 

Note 10 - Guarantor Subsidiaries (Continued)

Condensed Consolidating Statements of Cash Flows - Unaudited
(in thousands)
 
 
Three months ended March 31,
2014:
 
Parent
 
Guarantor Subsidiary
 
Non-Guarantor Subsidiaries
 
Omnicare, Inc. and Subsidiaries
Cash flows from operating activities:
 
 
 
 
 
 
 
 
Net cash flows (used in) from operating activities
 
$
(1,854
)
 
$

 
$
179,352

 
$
177,498

Cash flows from investing activities:
 
 

 
 

 
 

 
 

Disposition of businesses
 

 

 
3,629

 
3,629

Capital expenditures
 

 

 
(26,165
)
 
(26,165
)
Other
 

 

 
(284
)
 
(284
)
Net cash flows used in investing activities
 

 

 
(22,820
)
 
(22,820
)
Cash flows from financing activities:
 
 

 
 

 
 

 
 

Payments on terms loans
 
(5,313
)
 

 

 
(5,313
)
Payments on long-term borrowings and obligations
 
(39,030
)
 

 

 
(39,030
)
Decrease in cash overdraft balance
 
(2,611
)
 

 
(926
)
 
(3,537
)
Payments for Omnicare common stock repurchase
 
(95,417
)
 

 

 
(95,417
)
Dividends paid
 
(19,596
)
 

 

 
(19,596
)
Other
 
172,321

 

 
(167,504
)
 
4,817

Net cash flows from (used in) financing activities
 
10,354

 

 
(168,430
)
 
(158,076
)
Net increase in cash and cash equivalents
 
8,500

 

 
(11,898
)
 
(3,398
)
Less increase in cash and cash equivalents of discontinued operations
 

 

 
5,616

 
5,616

Increase (decrease) in cash and cash equivalents of continuing operations
 
8,500

 

 
(17,514
)
 
(9,014
)
Cash and cash equivalents at beginning of period
 
275,910

 

 
80,091

 
356,001

Cash and cash equivalents at end of period
 
$
284,410

 
$

 
$
62,577

 
$
346,987

2013:
 
 

 
 

 
 

 
 

Cash flows from operating activities:
 
 

 
 

 
 

 
 

Net cash flows (used in) from operating activities
 
$
(3,365
)
 
$

 
$
112,260

 
$
108,895

Cash flows from investing activities:
 
 

 
 

 
 

 
 

Capital expenditures
 

 

 
(22,415
)
 
(22,415
)
Other
 
(227
)
 

 
367

 
140

Net cash flows used in investing activities
 
(227
)
 

 
(22,048
)
 
(22,275
)
Cash flows from financing activities:
 
 

 
 

 
 

 
 

Payments on term loans
 
(5,313
)
 

 

 
(5,313
)
Payments on long-term borrowings and obligations
 
(1,684
)
 

 

 
(1,684
)
Increase (decrease) in cash overdraft balance
 
(10,900
)
 

 
1,126

 
(9,774
)
Payments for Omnicare common stock repurchases
 
(302
)
 

 

 
(302
)
Dividends paid
 
(14,479
)
 

 

 
(14,479
)
Other
 
89,860

 

 
(89,323
)
 
537

Net cash flows from (used in) financing activities
 
57,182

 

 
(88,197
)
 
(31,015
)
Net increase (decrease) in cash and cash equivalents
 
53,590

 

 
2,015

 
55,605

Less increase in cash and cash equivalents of discontinued operations
 

 

 
1,717

 
1,717

Increase in cash and cash equivalents of continuing operations
 
53,590

 

 
298

 
53,888

Cash and cash equivalents at beginning of period
 
383,674

 

 
60,946

 
444,620

Cash and cash equivalents at end of period
 
$
437,264

 
$

 
$
61,244

 
$
498,508