Investor Presentaiton
22
Q1 2022 Reconciliation of Free Cash Flow to Cash
Provided by Operating Activities
(In thousands)
Cash provided by operating activities
Three Months Ended
March 31,
2022
2021
$
(52,212) $
Purchases of property, plant and equipment
(22,557)
71,728
(18,950)
Free cash flow
$
Net proceeds from real estate sales'
(74,769) $
3,366
52,778
Free cash flow including net proceeds from real estate sales $
(71,403) $
52,778
1. Continuing through 2022, we will deploy significant capital expenditures to accelerate the proactive streamlining of our real estate footprint. This initiative has succeeded in making certain real estate assets
redundant, enabling the Company to sell such assets to partially fund the initiative's gross capital expenditures.
¡Heart
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