Teleflex (TFX) 8-K Results of Operations and Financial Condition

Exhibit 99.2

TELEFLEX INCORPORATED AND SUBSIDIARIES
Pro Forma Condensed Consolidated Cash Flows
To Reflect Discontinued Operations
(Unaudited)

	For the Year Ended December 31,
	2009			2008			2007
	(Dollars in thousands)
Cash Flows from Operating Activities of Continuing Operations:
Net income	$	314,011		$	154,602		$	177,162
Adjustments to reconcile net income to net cash provided by operating activities:
Income from discontinued operations		(172,585	)		(58,563	)		(210,586	)
Depreciation expense		54,477			57,152			40,967
Amortization expense of intangible assets		44,917			45,163			19,438
Amortization expense of deferred financing costs		5,511			5,330			6,946
In-process research and development charge		—			—			30,000
Stock-based compensation		8,970			8,271			7,237
Net loss (gain) on sales of businesses and assets		2,597			(296	)		1,110
Impairment of long-lived assets		5,788			10,399			3,868
Impairment of goodwill		6,728			—			2,448
Other		3,131			13,093			8,427
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:
Accounts receivable		9,520			11,521			1,210
Inventories		37,000			(14,320	)		55,913
Prepaid expenses and other current assets		509			4,468			(730	)
Accounts payable and accrued expenses		(28,640	)		2,737			17,985
Income taxes receivable and payable, net and deferred income taxes		(107,019	)		(137,032	)		71,743
Net cash provided by operating activities from continuing operations		184,915			102,525			233,138
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings		10,018			92,897			1,620,000
Reduction in long-term borrowings		(357,608	)		(226,687	)		(463,391	)
Payments of debt issuance and amendment costs		—			(656	)		(21,565	)
(Decrease) increase in notes payable and current borrowings		(1,452	)		(492	)		1,321
Proceeds from stock compensation plans		1,553			7,955			24,171
Payments to noncontrolling interest shareholders		(702	)		(739	)		(189	)
Dividends		(54,022	)		(53,047	)		(48,929	)
Net cash (used in) provided by financing activities from continuing operations		(402,213	)		(180,769	)		1,111,418
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(28,833	)		(33,231	)		(39,676	)
Proceeds from sales of businesses and assets		314,513			8,464			702,314
Payments for businesses and intangibles acquired, net of cash acquired		(1,730	)		(6,083	)		(2,174,517	)
(Investments in) proceeds from affiliates		—			(320	)		446
Net cash provided by (used in) investing activities from continuing operations		283,950			(31,170	)		(1,511,433	)
Cash Flows from Discontinued Operations:
Net cash provided by operating activities		19,256			68,644			160,450
Net cash used in financing activities		(11,075	)		(37,240	)		(25,959	)
Net cash used in investing activities		(2,749	)		(8,281	)		(28,162	)
Net cash provided by discontinued operations		5,432			23,123			106,329
Effect of exchange rate changes on cash and cash equivalents		8,946			(7,776	)		13,481
Net increase (decrease) in cash and cash equivalents		81,030			(94,067	)		(47,067	)
Cash and cash equivalents at the beginning of the period		107,275			201,342			248,409
Cash and cash equivalents at the end of the period	$	188,305		$	107,275		$	201,342

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TELEFLEX INCORPORATED AND SUBSIDIARIES
Pro Forma Condensed Consolidated Cash Flows
To Reflect Discontinued Operations
(Unaudited)

	For the Three			For the Six			For the Nine
	Months Ended			Months Ended			Months Ended
	March 29,			June 28,			September 27,
	2009			2009			2009
	(Dollars in thousands)
Cash Flows from Operating Activities of Continuing Operations:
Net income	$	225,607		$	232,379		$	270,996
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Income from discontinued operations		(201,011	)		(173,685	)		(177,698	)
Depreciation expense		13,771			27,768			41,353
Amortization expense of intangible assets		10,918			21,795			32,917
Amortization expense of deferred financing costs		2,641			3,610			4,556
Stock-based compensation		2,151			4,063			6,711
Net loss on sales of businesses and assets		2,597			2,597			2,597
Impairment of long-lived assets		—			2,474			5,788
Impairment of goodwill		—			6,728			6,728
Other		717			2,932			195
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:
Accounts receivable		(16,170	)		1,950			11,587
Inventories		(11,004	)		(7,337	)		7,432
Prepaid expenses and other current assets		1,830			1,607			2,325
Accounts payable and accrued expenses		(34,089	)		(35,675	)		(44,868	)
Income taxes receivable and payable, net and deferred income taxes		(5,599	)		(118,474	)		(95,016	)
Net cash (used in) provided by operating activities from continuing operations		(7,641	)		(27,268	)		75,603
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings		10,000			10,000			10,018
Reduction in long-term borrowings		(249,178	)		(249,178	)		(300,268	)
Decrease in notes payable and current borrowings		(659	)		(651	)		(836	)
Proceeds from stock compensation plans		367			367			750
Payments to noncontrolling interest shareholders		(295	)		(295	)		(702	)
Dividends		(13,511	)		(27,014	)		(40,521	)
Net cash used in financing activities from continuing operations		(253,276	)		(266,771	)		(331,559	)
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(6,525	)		(14,206	)		(20,302	)
Proceeds from sales of businesses and assets		296,883			300,000			314,513
Payments for businesses and intangibles acquired, net of cash acquired		(1,108	)		(541	)		(1,730	)
Net cash provided by investing activities from continuing operations		289,250			285,253			292,481
Cash Flows from Discontinued Operations:
Net cash provided by operating activities		20,370			25,639			19,976
Net cash used in financing activities		(11,075	)		(11,075	)		(11,075	)
Net cash used in investing activities		(1,598	)		(1,975	)		(2,356	)
Net cash provided by discontinued operations		7,697			12,589			6,545
Effect of exchange rate changes on cash and cash equivalents		(254	)		3,192			8,444
Net increase in cash and cash equivalents		35,776			6,995			51,514
Cash and cash equivalents at the beginning of the period		107,275			107,275			107,275
Cash and cash equivalents at the end of the period	$	143,051		$	114,270		$	158,789

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