| CTS
CORPORATION AND SUBSIDIARIES OTHER SUPPLEMENTAL INFORMATION (In thousands of dollars) |
|
|
| Three Months Ended | ||||||||||||
| July 3, | April 3, | |||||||||||
| 2005 | 2005 | |||||||||||
| (In thousands of dollars) | ||||||||||||
| Net cash provided by (used in) operations | $13,725 | $10,875 | ||||||||||
| Capital expenditures | (2,907) | (3,004) | ||||||||||
| Free cash flow | $10,818 | $7,871 | ||||||||||
| Free
cash flow is a non-GAAP financial measure which CTS defines as the sum of
new cash provided by operations and cash used for capital expenditures.
The most directly comparable GAAP financial measure is net cash
provided by operations. Management believes that free cash flow provides
useful information to investors regarding the Company's ability to generate
cash from business operations that is available for internal growth, service
of debt principal, dividends, share repurchase and acquisitions and other
investments. Management uses free cash flow as one measure to monitor and
evaluate the performance of the Company. |
||||||||||||