Exhibit 99.2
 
Brunswick Corporation
         
Comparative Consolidated Condensed Statements of Cash Flows
         
(in millions)
         
(unaudited)
         
   
Three Months
Ended March 31
 
   
2006
 
2005
 
Cash flows from operating activities
         
Net earnings  
 
$
67.4
 
$
94.6
 
Depreciation and amortization 
   
42.4
   
38.4
 
Changes in noncash current assets and current liabilities 
   
(232.9
)
 
(213.1
)
Income taxes and other, net 
   
31.5
   
10.8
 
Net cash provided by (used for) operating activities 
   
(91.6
)
 
(69.3
)
               
Cash flows from investing activities
             
Capital expenditures 
   
(56.3
)
 
(32.5
)
Acquisitions of businesses, net of cash and debt acquired 
   
(62.9
)
 
(13.7
)
Investments 
   
(7.1
)
 
(8.1
)
Proceeds from sale of property, plant and equipment 
   
5.1
   
6.0
 
Proceeds from investment sale (1) 
   
-
   
57.9
 
Net cash provided by (used for) investing activities 
   
(121.2
)
 
9.6
 
               
Cash flows from financing activities
             
Net issuances (repayments) of commercial paper and  
             
other short-term debt 
   
-
   
(4.0
)
Payments of long-term debt including current maturities 
   
(0.3
)
 
(1.3
)
Stock repurchases 
   
(61.8
)
 
-
 
Stock options exercised 
   
3.7
   
4.9
 
Net cash provided by (used for) financing activities 
   
(58.4
)
 
(0.4
)
               
Net increase (decrease) in cash and cash equivalents
   
(271.2
)
 
(60.1
)
Cash and cash equivalents at January 1
   
487.7
   
499.8
 
               
Cash and cash equivalents at March 31
 
$
216.5
 
$
439.7
 
               
               
Free Cash Flow
             
Net cash provided by (used for) operating activities 
 
$
(91.6
)
$
(69.3
)
               
Net cash provided by (used for): 
             
Capital expenditures 
   
(56.3
)
 
(32.5
)
Proceeds from investment sale (1) 
   
-
   
57.9
 
Other, net 
   
5.1
   
6.0
 
               
Total Free Cash Flow 
 
$
(142.8
)
$
(37.9
)
               
 
(1)
Pre-tax proceeds from the sale of the Company's investment in MarineMax, Inc., net of selling costs.