Owens & Minor (OMI) 8-K Results of Operations and Financial Condition

Exhibit 99.2

Owens & Minor, Inc.

Condensed Consolidated Statements of Cash Flows (unaudited)

(in thousands)

	2011 Year-to-Date Data
	9/30/2011			6/30/2011			3/31/2011
Operating activities:
Net income	$	91,256		$	57,904		$	28,740
Adjustments to reconcile net income to cash provided by operating activities of continuing operations:
Changes in operating assets and liabilities:
Accounts and notes receivable		(36,598	)		(33,606	)		(49,386	)
Merchandise inventories		(52,141	)		(42,762	)		(20,695	)
Accounts payable		81,188			50,033			72,742
Net change in other assets and liabilities		(18,465	)		(23,321	)		(8,096	)
Other, net and other reconciling adjustments		42,886			31,517			21,214
Cash provided by operating activities of continuing operations		108,126			39,765			44,519
Cash used for investing activities of continuing operations		(24,835	)		(13,704	)		(7,097	)
Cash used for financing activities of continuing operations		(45,488	)		(25,941	)		(10,684	)
Net cash used for discontinued operations		(164	)		(139	)		(101	)
Net increase (decrease) in cash and cash equivalents		37,639			(19	)		26,637
Cash and cash equivalents at beginning of period		159,213			159,213			159,213
Cash and cash equivalents at end of period	$	196,852		$	159,194		$	185,850

	2010 Year-to-Date Data
	12/31/2010			9/30/2010			6/30/2010			3/31/2010
Operating activities:
Net income	$	110,579		$	88,791		$	57,286		$	27,817
Adjustments to reconcile net income to cash provided by operating activities of continuing operations:
Changes in operating assets and liabilities:
Accounts and notes receivable		24,611			(4,863	)		28,604			18,446
Merchandise inventories		(41,315	)		(51,840	)		(30,622	)		11,623
Accounts payable		(15,254	)		39,296			31,638			(4,826	)
Net change in other assets and liabilities		9,334			822			(10,900	)		828
Other, net and other reconciling adjustments		55,228			33,985			24,732			13,282
Cash provided by operating activities of continuing operations		143,183			106,191			100,738			67,170
Cash used for investing activities of continuing operations		(37,423	)		(24,711	)		(18,687	)		(7,857	)
Cash used for financing activities of continuing operations		(41,023	)		(31,068	)		(19,609	)		(8,632	)
Net cash used for discontinued operations		(1,660	)		(1,478	)		(940	)		(460	)
Net increase in cash and cash equivalents		63,077			48,934			61,502			50,221
Cash and cash equivalents at beginning of period		96,136			96,136			96,136			96,136
Cash and cash equivalents at end of period	$	159,213		$	145,070		$	157,638		$	146,357

Owens & Minor, Inc.

Condensed Consolidated Statements of Cash Flows (unaudited)

(in thousands)

	2009 Year-to-Date Data
	12/31/2009			9/30/2009			6/30/2009			3/31/2009
Operating activities:
Net income	$	104,658		$	72,311		$	37,624		$	13,976
Adjustments to reconcile net income to cash provided by operating activities of continuing operations:
Changes in operating assets and liabilities:
Accounts and notes receivable		19,255			8,427			19,055			8,408
Merchandise inventories		(13,528	)		(5,330	)		(34,326	)		(39,624	)
Accounts payable		33,963			35,903			56,709			58,982
Net change in other assets and liabilities		13,756			(5,998	)		(18,479	)		6,476
Other, net and other reconciling adjustments		59,934			43,565			48,576			33,533
Cash provided by operating activities of continuing operations		218,038			148,878			109,159			81,751
Cash used for investing activities of continuing operations		(21,215	)		(14,042	)		(9,737	)		(1,139	)
Cash used for financing activities of continuing operations		(181,830	)		(173,403	)		(167,669	)		(155,117	)
Net cash provided by discontinued operations		73,257			73,612			75,084			77,139
Net increase in cash and cash equivalents		88,250			35,045			6,837			2,634
Cash and cash equivalents at beginning of period		7,886			7,886			7,886			7,886
Cash and cash equivalents at end of period	$	96,136		$	42,931		$	14,723		$	10,520