Exelis reports third-quarter 2012 financial results; maintains 2012 full-year outlook

     
Exelis Inc.
Quarterly Free Cash Flow
 
Three Months Ended Nine Months Ending Six Months Ended
September 30, September 30,   June 30,
($ million)   2012 2012   2012
Cash Flow From Operating Activities   207   97     (110 )
Subtract          
Capital Expenditures (36 ) (86 ) (50 )
           
           
Free Cash Flow   171   11     (160 )
 
Add:          
Separation Costs, net of tax 4 19 15
Reversal of Separation Related Tax Receivable Write-down (4 ) (4 ) -
Reversal of Separation Related Tax Items   (4 ) -     4  
Free Cash Flow, as Adjusted   167   26     (141 )

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