Managing Cash Flow
Undrawn Revolver and Cash about $83M as of 6/30/02
Sale of JV Interest
- Sold 10% point interest for $10 million
- Cash received in Q3 02
- Option to sell remaining equity interest for $23 million as of July 1, 2003
- Inventories reduced by $32.3M (20%) in Q4 01 ahead of drop in demand
- Includes $25.4M in cash restructuring costs since 9/11
- Cash June 2002 LTM Capital expenditures $22.1M
- $11.1M litigation gain in Q2 02
Debt, Net of Cash $ Millions