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Christopher M. Connor Sean P. Hennessy ... - Sherwin-Williams

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Net Operating Cash<br />

($ in Millions)<br />

900<br />

800<br />

700<br />

600<br />

500<br />

400<br />

300<br />

200<br />

100<br />

0<br />

874.8 876.2<br />

815.8<br />

716.7<br />

544.7<br />

593.9<br />

546.6<br />

460.0 460.0<br />

340.9<br />

2004 2005 2006 2007 2008<br />

Uses of Cash<br />

• Acquisitions<br />

• Capital Expenditures<br />

• Buy Back Stock<br />

• Manage Debt<br />

• Pay Dividends<br />

Net Operating Cash less Cap. Ex. & Dividends<br />

Net Operating Cash<br />

The <strong>Sherwin</strong>-<strong>Williams</strong> Company – 1 st Quarter 2009

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