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Sensata Technologies Holding N.V.'s SEC Filings

S-1/A
SENSATA TECHNOLOGIES HOLDING PLC filed this Form S-1/A on 03/09/2010
Entire Document
 


Table of Contents

SENSATA TECHNOLOGIES HOLDING N.V.

 

Consolidated Statements of Cash Flows

(Thousands of U.S. dollars)

 

    For the year ended  
    December 31,
2009
    December 31,
2008
    December 31,
2007
 

Cash flows from operating activities:

     

Net loss

  $ (27,681   $ (134,531   $ (252,497

Net loss from discontinued operations

    (395     (20,082     (18,260
                       

Loss from continuing operations

   
(27,286

    (114,449     (234,237

Adjustments to reconcile net loss from continuing operations to net cash provided by operating activities from continuing operations:

     

Depreciation

    48,427        51,361        58,204   

Amortization of deferred financing costs

    9,055        10,698        9,640   

Currency translation loss / (gain) on debt

    13,559        (53,209     111,946   

Gain on repurchases of outstanding Senior and Senior Subordinated Notes

    (120,123     (14,961       

Share-based compensation

    2,233        2,108        2,015   

Amortization of intangible assets and capitalized software

    153,081        148,762        131,064   

Effect of inventory purchase accounting adjustments

                  4,454   

Loss on sale and disposal of assets

    3,665        364        457   

Deferred income taxes

    25,763        29,153        43,510   

Impairment of goodwill

    19,867        13,173          

Increase / (decrease) from changes in operating assets and liabilities, net of effects of acquisitions:

     

Accounts receivable, net

    (35,080     66,475        4,693   

Inventories

    13,853        26,662        (18,980

Prepaid expenses and other current assets

    13,142        (4,770     5,932   

Accounts payable and accrued expenses

    61,576        (108,096     45,863   

Income taxes payable

    (912     6,019        (1,079

Accrued profit sharing and retirement

    577        (4,627     4,821   

Other

    6,583        7,255        (231
                       

Net cash provided by operating activities from continuing operations

   
187,980
  
    61,918        168,072   

Net cash used in operating activities from discontinued operations

    (403     (14,437     (12,794
                       

Net cash provided by operating activities

   
187,577
  
    47,481        155,278   
                       

Cash flows from investing activities:

     

Additions to property, plant and equipment and capitalized software

    (14,959     (40,963     (66,701

Proceeds from sale of assets

    585        2,300        123   

Payments on Euro call option

    (1,075              

Acquisition of FTAS business

                  419   

Acquisition of Airpax business, net of cash received

           175        (277,521
                       

Net cash used in investing activities from continuing operations

    (15,449     (38,488     (343,680

Net cash used in investing activities from discontinued operations

    372        (225     (12,030
                       

Net cash used in investing activities

    (15,077     (38,713     (355,710
                       

Cash flows from financing activities:

     

Proceeds from issuance of restricted securities

   
6
  
             

Advance to shareholder

    (266              

Payments to repurchase Ordinary Shares

   

  
    (136       

Proceeds from issuance of Euro term loan

                  195,010   

(Payments on) / proceeds from revolving credit facility, net

    (25,000     25,000          

Proceeds from capital lease and other financial arrangements

           12,597          

Payments on U.S. term loan facility

    (9,500     (9,500     (9,500

Payments on Euro term loan facility

    (5,587     (5,968     (5,548

Payments on capitalized lease and other financing obligations

    (4,159     (1,217     (468

Payment for repurchases of outstanding Senior and Senior Subordinated Notes

    (57,242     (6,674       

Payments of debt issuance cost

           (5,211     (3,758
                       

Net cash (used in) / provided by financing activities from continuing operations

    (101,748     8,891        175,736   

Net cash (used in) / provided by financing activities from discontinued operations

                    
                       

Net cash (used in) / provided by financing activities

    (101,748     8,891        175,736   
                       

Net change in cash and cash equivalents

    70,752        17,659        (24,696

Cash and cash equivalents, beginning of period

    77,716        60,057        84,753   
                       

Cash and cash equivalents, end of period

  $ 148,468      $ 77,716      $ 60,057   
                       

Supplemental cash flow items:

     

Cash paid for interest

  $ 112,389      $ 205,997      $ 173,174   

Cash paid for income taxes

  $ 18,524      $ 17,599      $ 25,838   

The accompanying notes are an integral part of these financial statements

 

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