| Exelis Inc. | |||
| First Quarter 2012 Free Cash Flow | |||
| ($ million) | |||
| Q1 2012 | |||
| Cash flow From Operating Activities | (298 | ) | |
| Subtract | |||
| Capital Expenditures | (24 | ) | |
| Free Cash Flow | (322 | ) | |
| Add: | |||
| Separation Costs, net of tax | 14 | ||
| Seperation related tax items | 4 | ||
| Free Cash Flow, as Adjusted | (304 | ) | |
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Exelis Reports Solid First-Quarter 2012 Financial Results Driven by Growth in Revenue and Operating Margin; Reaffirms 2012 Full-Year Outlook
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