Part II  iteM 8 Financial Statements and Supplementary Data Consolidated Statements of Cash Flows (in Millions) Year Ended December 31, 2010 2009 2008 Cash provided (required) by operating activities of continuing operations: Net income $184.9 $238.8 $321.6 Discontinued operations 33.6 18.2 24.9 Income from continuing operations $218.5 $257.0 $346.5 adjustments to reconcile income from continuing operations to cash provided (required)  by operating activities of continuing operations: Depreciation and amortization 133.6 127.2 124.2 Equity in (earnings) loss of affiliates (2.7) (2.3) (3.1) Restructuring and other charges (income) 151.9 132.8 49.6 Deferred income taxes 32.1 49.9 96.9 Pension and other postretirement benefits 39.4 14.3 6.9 Share-based compensation 14.7 11.2 10.6 Excess tax benefits from share-based compensation (56.3) — — Changes in operating assets and liabilities, net of effect of acquisitions and divestitures: Trade receivables, net (109.9) (59.3) (99.0) Guarantees of vendor financing (25.4) 29.2 (9.4) Inventories (7.9) 35.4 (83.7) Other current assets and other assets (31.6) (24.9) (43.0) Accounts payable 106.6 (71.5) 52.0 Accrued and other current liabilities and other liabilities (2.6) (3.6) (8.9) Accrued payroll 14.2 (6.4) 0.7 Accrued customer rebates 33.2 13.7 (1.8) Income taxes 59.4 (21.0) 0.6 Accrued pension and other postretirement benefits, net (105.2) (93.4) (46.8) Environmental spending, continuing, net of recoveries (8.9) (7.4) (13.6) Restructuring and other spending (53.4) (37.4) (21.3) Cash provided (required) by operating activities 399.7 343.5 357.4 Cash provided (required) by operating activities of discontinued operations: Environmental spending, discontinued, net of recoveries (17.1) (22.1) (32.2) Payments of other discontinued reserves (28.1) (19.9) (17.6) Cash provided (required) by operating activities of discontinued operations (45.2) (42.0) (49.8) Cash provided (required) by investing activities: Capital expenditures (142.3) (161.2) (174.8) Proceeds from disposal of property, plant and equipment 2.6 3.9 5.7 Proceeds from sale of Princeton property — — 59.4 Proceeds from sale of sodium sulfate assets 3.9 16.7 Acquisitions, net of cash acquired (7.5) (34.3) (90.6) Other investing activities (6.8) (13.0) (8.1) Cash provided (required) by investing activities (154.0) (200.7) (191.7) Cash provided (required) by financing activities: Net borrowings (repayments) under committed credit facilities — (369.2) 191.8 Increase (decrease) in other short-term debt (14.9) (5.1) (17.7) Proceeds from borrowings of long-term debt 35.0 379.1 — Financing fees — (2.6) Repayments of long-term debt (26.0) (3.5) (90.9) Distributions to noncontrolling interests (11.0) (13.4) (12.5) Dividends paid (36.4) (36.3) (34.4) Issuances of common stock, net 18.1 10.2 13.1 Excess tax benefits from share-based compensation 56.3 — — Repurchases of common stock (137.7) (36.6) (186.9) Other financing activities — (0.4) — Cash provided (required) by financing activities (116.6) (77.8) (137.5) Effect of exchange rate changes on cash and cash equivalents 1.0 1.2 (1.5) Increase (decrease) in cash and cash equivalents 84.9 24.2 (23.1) Cash and cash equivalents, beginning of period 76.6 52.4 75.5 Cash and cash equivalents, end of period $161.5 $76.6 $52.4 The accompanying notes are an integral part of these consolidated financial statements. Cash paid for interest was $45.9 million, $28.1 million and $37.8 million, and income taxes paid, net of refunds was $41.5 million, $24.1 million  and $24.0 million in 2010, 2009 and 2008, respectively. See Note 15 regarding quarterly cash dividend. 37 FMC Corporation    2010 Form 10K