Q2 2013 Financial Results
Historical Free Cash Flow Generation
147
LTM
(USD $ in millions)
2009
2010
2011
2012
6/30/13
Adjusted EBITDA
$157.6
$314.7
$350.0
$373.8
$418.9
Cash Interest, net
(6.4)
(26.1)
(30.4)
(41.0)
(56.1)
Taxes (Cash)
(14.6)
(56.0)
(48.7)
(13.2)
(16.2)
Change in Working Capital
(11.6)
(2.6)
(74.4)
44.9
6.0
Capital Expenditures
(62.2)
(116.4)
(148.5)
(195.8)
(255.9)
Environmental Expenditures
(8.6)
(10.2)
(11.3)
(11.2)
(17.2)
Environmental Changes in Estimate
(4.7)
(8.3)
(2.9)
(8.5)
(5.8)
Stock Based Comp
1.0
7.2
8.2
7.5
7.8
| Free Cash Flow
$50.5
$102.3
$42.0
$156.5
$81.5
I
* For a reconciliation of Adjusted EBITDA to net income, please refer to the Company's Annual Report on Form 10-K filed each year and subsequent filings with the
Securities and Exchange Commission.
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