SEALY CORP (ZZ) [Rocket]

In millions, except per share items	Dec-02-12	Nov-27-11	Nov-28-10	Nov-29-09	Nov-30-08	Dec-02-07	Nov-26-06	Nov-27-05
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Operating activities:
Net loss	-1.2	-9.9	-13.7
Adjustments to reconcile net income to cash from (used in) operating activities:
Depreciation and amortization	26.4	24.2	28.7	33.4
Deferred income taxes	1.6	1.9	1.1	-10.4
Amortization of deferred gain on sale-leaseback	0.0	-0.6	-0.6	-0.6
Paid in kind interest on convertible notes	24.5	20.0	16.1	5.3
Amortization of discount on new senior secured notes	1.6	1.5	1.4	0.7
Amortization of debt issuance costs and other	4.0	4.7	4.8	4.1
Impairment charges	0.8	0.3	23.0	2.5
Share-based compensation	8.1	13.2	15.9	12.6
Excess tax benefits from share-based payment arrangements			-0.4
Loss (gain) on sale of assets	0.3	-0.2	0.3	1.0
Write-off of debt issuance costs related to debt extinguishments	1.9	0.6	2.7
Loss on repurchase of senior notes	1.1	0.3	1.1	2.2
Dividends received from unconsolidated affiliates	6.5	1.0
Equity in earnings of unconsolidated affiliates	-5.2	-3.4
Loss on disposition of subsidiary		0.2	2.4
Other, net	-2.9	-2.2	2.6	-3.8
Bad debt expense
Loss on rights for convertible notes
Payment to terminate interest rate swaps
Loss on termination of interest rate swaps
Changes in operating assets and liabilities:
Accounts receivable	-20.3	10.3	-3.2	7.2
Inventories	-20.3	-0.7	-12.1	7.1
Other current assets	-4.7	-6.4	-3.6	16.7
Other assets	-1.5	4.3	-3.8	-1.2
Accounts payable	29.9	4.8	-4.9	-13.1
Accrued expenses	28.8	-24.4	-8.7	8.2
Other liabilities	2.7	-5.8	-0.3	-10.2
Net cash provided by operating activities	82.1	33.8	48.5	78.7

Investing activities:
Purchase of property, plant and equipment	-15.9	-22.4	-16.6	-12.4
Acquisition of Comfort Revolution, net of cash acquired of $159	0.2
Proceeds from sale of property, plant and equipment	2.4	0.2	0.1	10.4
Net proceeds (outflow) from disposition of subsidiary			-0.3	1.2
Advances to Comfort Revolution	-7.8
Repayments of loans and capital from unconsolidated affiliate			3.2
Net cash used in investing activities	-21.2	-22.2	-13.6	-3.3

Financing activities:
Proceeds from issuance of long-term obligations	5.2	3.4	4.7	89.6
Repayments of long-term obligations	-47.5	-14.9	-51.1	-400.4
Repayment of senior secured notes, including premium of $1,050, $300 and $1,050	-47.5	-14.9	-51.1	-400.4
Borrowings under revolving credit facilities	29.0			141.2
Repayments of revolving credit facilities	-29.0			-205.6
Repurchase of common stock associated with vesting of employee share-based awards	-3.1	-3.7	-4.8
Exercise of employee stock options	0.1	0.6	0.7	0.0
Debt issuance costs	-0.9	-0.1		-27.6
Other		0.0	0.0	-0.4
Net cash used in financing activities	-46.1	-14.8	-50.5	26.5

Proceeds from issuance of new senior secured notes
Proceeds from issuance of related party notes
Repayment of related party notes
Proceeds from issuance of convertible notes
Repayment of subordinated notes, including discounts taken of $47
Repayment of senior term loans
Effect of exchange rate changes on cash	5.4	2.0	-6.5	2.9
Change in cash and equivalents	20.2	-1.3	-22.2	104.8

Cash and equivalents:
Beginning of period	108.0	109.3	131.4	26.6
End of period	128.2	108.0	109.3	131.4
Supplemental disclosures:
Taxes paid	10.5	16.2	20.1	12.9
Interest paid	58.8	61.9	66.1	69.4
Noncash investing transaction:
Extension of capital lease		2.2
Promotional displays transferred to property, plant and equipment	10.1
Cash contributed to Comfort Revolution for initial investment	10.0