VFC Reporting

http://reporting.vfc.com/

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2011 1 2 3 4
2010 1 2 3 4

VFC

VF Corporation
World Headquarters
105 Corporate Center Blvd.
Greensboro, NC 27408

Phone: (336) 424-6000
http://www.vfc.com/



Year ended December
In thousands, except per share amounts 2010 2009 2008
Operating Activities      
Net income $ 573,512 $ 458,458 $ 602,847
Adjustments to reconcile net income to cash provided
by operating activities of continuing operations:
     
Impairment of goodwill and intangible assets 201,738 121,953 -
Depreciation 116,837 113,207 105,059
Amortization of intangible assets 39,373 40,500 39,427
Other amortization 17,186 16,745 21,685
Stock-based compensation 63,538 36,038 31,592
Provision of doubtful accounts 7,441 24,836 22,062
Pension funding over expense (45,850) (114,149) (4,787)
Deferred income taxes (92,068) 54,674 23,654
Other, net
29,179 (6,923) (11,477)
Changes in operating assets and liabilities, net of acquisitions:
     
      Accounts receivable
(12,954) 75,449 52,679
      Inventories
(114,334) 209,439 (38,275)
      Other current assets
(7,689) 77,173 (66,866)
      Accounts payable
140,470 (69,560) (67,214)
      Accrued compensation
27,817 (11,714) 471
      Accrued income taxes
(14,649) 14,763 24,118
      Accrued liabilities
50,889 (25,182) (22,438)
      Other assets and liabilities
20,846 (42,222) (33,065)
Cash provided by operating activities of continuing operations
1,001,282 973,485 679,472
Investing Activities
     
Capital expenditures
(111,640) (85,859) (124,207)
Business acquisitions, net of cash acquired
(38,290) (212,339) (93,377)
Software purchases
(13,610) (9,735) (10,601)
Other, net
(16,940) (9,523) 11,862
Cash used by investing activities of continuing operations (180,480) (316,876) (215,786)
Financing Activities
     
Net decrease in short-term borrowings
(9,741) (11,019) (67,736)
Payments on long-term debt
(203,063) (3,242) (3,632)
Purchase of Common Stock
(411,838) (111,974) (149,729)
Cash dividends paid
(264,281) (261,682) (255,235)
Proceeds from issuance of Common Stock
137,732 62,590 64,972
Tax benefits of stock option exercises
8,599 6,464 22,504
Other, net
(240) (480) 905
Cash used by financing activities
(742,832) (319,343) (389,761)
Effect of Foreign Currency Rate Changes on Cash and Equivalents
(17,280) 12,439 (12,873)
Net Change in Cash and Equivalents
60,690 349,705 59,981
Cash and Equivalents - Beginning of Year
731,549 381,844 321,8634
Cash and Equivalents - End of Year $ 792,239 $ 731,549 $ 381,844