XML 59 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
3 Months Ended 6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Jul. 02, 2011
Jul. 03, 2010
OPERATING ACTIVITIES        
Net earnings (loss) $ 197.3 $ 46.3 $ 355.7 $ (62.2)
Less: Net (loss) earnings attributable to non-controlling interest   0.5 (0.3) 0.6
NET EARNINGS (LOSS) ATTRIBUTABLE TO STANLEY BLACK & DECKER, INC. 197.3 45.8 356.0 (62.8)
Depreciation and amortization 93.8 92.7 197.7 152.4
Inventory step-up amortization   117.7   159.3
Stock-based compensation 17.4 18.4 32.7 49.9
Settlement of income tax contingencies (48.5) (35.7) (69.2) (35.7)
Changes in working capital (5.4) (20.0) (75.7) (110.4)
Changes in other assets and liabilities (77.3) 2.1 (143.8) 35.6
Cash provided by operating activities 177.3 221.0 297.7 188.3
Investing Activities        
Capital expenditures and capitalized software (67.9) (35.1) (138.0) (57.2)
Business acquisitions and asset disposals (35.6) (10.9) (80.1) (18.1)
Cash acquired from Black & Decker       949.4
Interest rate swap terminations       30.0
Purchases of short-term investments (42.5)   (42.5)  
Investment in Niscayah (58.5)   (58.5)  
(Payments on) proceeds from net investment hedge settlements (6.5) 15.8 (29.2) (0.3)
Cash (used in) provided by investing activities (211.0) (30.2) (348.3) 903.8
FINANCING ACTIVITIES        
Payments on long-term debt (400.9) (0.8) (401.4) (201.6)
Proceeds from long-term debt 20.5   20.5  
Net premium paid for equity option (19.6)   (19.6)  
Stock purchase contract fees (0.8) (3.9) (1.6) (7.7)
Net short-term borrowings (repayments) 483.4 (357.1) 624.8 78.8
Cash dividends on common stock (68.9) (54.6) (137.5) (88.9)
Proceeds from the issuance of common stock 30.0 346.9 85.4 360.9
Purchase of common stock for treasury (5.4) (2.1) (6.1) (2.2)
Cash provided by (used in) financing activities 38.3 (71.6) 164.5 139.3
Effect of exchange rate changes on cash and cash equivalents 26.9 (26.2) 55.7 (33.7)
Change in cash and cash equivalents 31.5 93.0 169.6 1,197.7
Cash and cash equivalents, beginning of period 1,883.5 1,505.4 1,745.4 400.7
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 1,915.0 $ 1,598.4 $ 1,915.0 $ 1,598.4