(a) |
Accumulated other comprehensive income (loss) is net of tax. |
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(b) |
Includes $50.0 prepayment under a program share repurchase. See note 7. |
The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.
CELESTICA INC.
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(in millions of U.S. dollars)
(unaudited)
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Three months ended |
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Year ended | ||||||||||||
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December 31 |
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December 31 | ||||||||||||
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2013 |
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2014 |
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2013 |
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2014 | ||||||||
Cash provided by (used in): |
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Operating activities: |
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Net earnings (loss) for the period................................................................... |
$ |
22.1 |
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$ |
(4.4) |
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$ |
118.0 |
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$ |
108.2 |
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Adjustments to net earnings (loss) for items not affecting cash: |
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Depreciation and amortization................................................................... |
16.9 |
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17.8 |
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71.7 |
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68.7 |
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Equity-settled stock-based compensation................................................. |
6.6 |
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5.9 |
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29.2 |
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28.4 |
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Other charges (note 9)................................................................................ |
1.2 |
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40.8 |
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1.9 |
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47.1 |
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Finance costs.............................................................................................. |
0.8 |
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1.0 |
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2.9 |
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3.1 |
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Income tax expense (recovery)................................................................... |
(1.3) |
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10.1 |
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12.7 |
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16.4 |
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Other............................................................................................................... |
4.1 |
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(2.3) |
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3.8 |
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(14.7) |
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Changes in non-cash working capital items: |
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Accounts receivable.................................................................................... |
(0.7) |
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(3.1) |
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46.4 |
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(39.4) |
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Inventories.................................................................................................. |
64.6 |
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56.2 |
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(71.5) |
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98.2 |
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Other current assets................................................................................... |
(0.1) |
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(23.9) |
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3.6 |
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(18.9) |
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Accounts payable, accrued and other current liabilities and provisions.... |
(72.9) |
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(15.7) |
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(47.5) |
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(31.6) |
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Non-cash working capital changes.................................................................. |
(9.1) |
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13.5 |
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(69.0) |
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8.3 |
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Net income taxes paid..................................................................................... |
(7.2) |
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(4.4) |
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(21.8) |
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(24.0) |
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Net cash provided by operating activities...................................................... |
34.1 |
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78.0 |
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149.4 |
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241.5 |
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Investing activities: |
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Purchase of computer software and property, plant and equipment............. |
(11.1) |
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(16.6) |
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(52.8) |
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(61.3) |
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Proceeds from sale of assets........................................................................... |
1.3 |
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0.8 |
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4.2 |
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1.4 |
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Net cash used in investing activities............................................................... |
(9.8) |
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(15.8) |
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(48.6) |
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(59.9) |
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Financing activities: |
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Repayments under credit facilities (note 6).................................................... |
— |
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— |
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(55.0) |
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— |
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Issuance of capital stock (note 7)................................................................... |
1.0 |
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0.4 |
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7.1 |
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7.8 |
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Repurchase of capital stock for cancellation (note 7)..................................... |
(24.8) |
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(73.6) |
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(43.6) |
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(140.6) |
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Purchase of treasury stock (note 7)................................................................ |
(2.4) |
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— |
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(12.8) |
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(23.9) |
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Finance costs paid........................................................................................... |
(0.6) |
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(2.2) |
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(2.7) |
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(4.2) |
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Net cash used in financing activities............................................................... |
(26.8) |
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(75.4) |
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(107.0) |
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(160.9) |
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Net increase (decrease) in cash and cash equivalents...................................... |
(2.5) |
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(13.2) |
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(6.2) |
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20.7 |
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Cash and cash equivalents, beginning of period.............................................. |
546.8 |
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578.2 |
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550.5 |
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544.3 |
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Cash and cash equivalents, end of period....................................................... |
$ |
544.3 |
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|
$ |
565.0 |
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$ |
544.3 |
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$ |
565.0 |
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The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements .