8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 6, 2013

Mettler-Toledo International Inc.

(Exact name of registrant as specified in its charter)

Delaware	File No. 001-13595	13-3668641
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1900 Polaris Parkway Columbus, OH and Im Langacher, P.O. Box MT-100 CH Greifensee, Switzerland	43240 and 8606
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 1-614-438-4511 and +41-44-944-22-11

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition.” The information furnished in this Form 8-K and the Exhibit attached hereto shall not be treated as filed for purposes of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

On February 6, 2013, Mettler-Toledo International Inc. (“Mettler-Toledo”) issued a press release (the “Release”) setting forth its financial results for the three months and twelve months ended December 31, 2012. A copy of the Release is furnished hereto as Exhibit 99.1 to this report.

Non-GAAP Financial Measures

Mettler-Toledo supplements its U.S. GAAP results with non-GAAP financial measures. The principal non-GAAP financial measures Mettler-Toledo uses are Adjusted Earnings per Share, Adjusted Operating Income, Free Cash Flow and Local Currency Sales Growth.

Adjusted Earnings per Share

Mettler-Toledo defines Adjusted Earnings per Share as diluted earnings per common share excluding certain one-time discrete tax items, amortization of purchased intangible assets, net of tax, restructuring charges, net of tax and certain other one-time charges, net of tax. The most directly comparable U.S. GAAP financial measure is diluted earnings per common share.

Mettler-Toledo believes that Adjusted Earnings per Share is important supplemental information for investors. Mettler-Toledo uses this measure because it excludes certain one-time discrete tax items, amortization of purchased intangibles, net of tax, restructuring charges, net of tax and certain other one-time charges, net of tax, which management believes are not directly related to current and ongoing operations thereby providing investors with information that helps to compare ongoing operating performance.

Adjusted Earnings per Share is used in addition to and in conjunction with results presented in accordance with U.S. GAAP. Adjusted Earnings per Share is not intended to represent diluted earnings per common share under U.S. GAAP and should not be considered as an alternative to diluted earnings per common share as an indicator of Mettler-Toledo’s performance because of the following limitations.

Limitations of Mettler-Toledo’s non-GAAP measure, Adjusted Earnings per Share

Mettler-Toledo’s non-GAAP measure, Adjusted Earnings per Share, has certain material limitations as follows:

It does not include certain one-time discrete tax items, amortization expense of purchased intangibles, net of tax, restructuring charges, net of tax and certain other one-time charges, net of tax. Because one-time discrete tax items, amortization of purchased intangibles, restructuring charges and certain other one-time charges are components of diluted earnings per share under U.S. GAAP, any measure that excludes one-time discrete tax items, amortization of purchased intangibles, restructuring charges and certain other one-time charges, has material limitations.

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Adjusted Operating Income

Mettler-Toledo defines Adjusted Operating Income as gross profit less research and development and selling, general and administrative expenses before amortization, interest, restructuring charges and other charges (income), net and taxes. The most directly comparable U.S. GAAP financial measure is earnings before taxes.

Mettler-Toledo believes that Adjusted Operating Income is important supplemental information for investors. Adjusted Operating Income is used internally as the principal profit measurement by its segments in their reporting to management. Mettler-Toledo uses this measure because it excludes amortization, interest, restructuring charges and other charges (income), net and taxes, which are not allocated to the segments.

On a consolidated basis, Mettler-Toledo also believes Adjusted Operating Income is an important supplemental method of measuring profitability. It is used internally by senior management for measuring profitability and setting performance targets for managers, and has historically been used as one of the means of publicly providing guidance on possible future results. Mettler-Toledo also believes that Adjusted Operating Income is an important performance measure because it provides a measure of comparability to other companies with different capital or legal structures, which accordingly may be subject to disparate interest rates and effective tax rates, and to companies which may incur different amortization expenses or impairment charges related to intangible assets.

Adjusted Operating Income is used in addition to and in conjunction with results presented in accordance with U.S. GAAP. Adjusted Operating Income is not intended to represent operating income under U.S. GAAP and should not be considered as an alternative to earnings before taxes as an indicator of Mettler-Toledo’s performance because of the following limitations.

Limitations of Mettler-Toledo’s non-GAAP measure, Adjusted Operating Income

Mettler-Toledo’s non-GAAP measure, Adjusted Operating Income, has certain material limitations as follows:

• It does not include interest expense. Because Mettler-Toledo has borrowed money to finance some of its operations, interest is a necessary and ongoing part of its costs and has assisted Mettler-Toledo in generating revenue. Therefore any measure that excludes interest expense has material limitations.

• It excludes amortization expense. Because this item is recurring, any measure that excludes amortization expense has material limitations.

• It excludes other charges (income), net. Because other charges (income), net is a component of operating income under U.S. GAAP, any measure that excludes other charges (income), net, has material limitations.

• It excludes restructuring charges. Because restructuring charges are a component of operating income under U.S. GAAP, any measure that excludes restructuring charges, has material limitations.

Free Cash Flow

Mettler-Toledo defines Free Cash Flow as net cash provided by operating activities including proceeds from the sale of property, plant and equipment, less capital expenditures, before restructuring payments and excess tax benefits from share-based payment arrangements. The most directly comparable U.S. GAAP financial measure is net cash provided by operating activities.

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Mettler-Toledo believes Free Cash Flow is important supplemental information for investors. It is used internally by senior management for measuring operating cash flow generation and setting performance targets for managers, and has historically been used as one of the means of providing guidance on possible future cash flows.

Free Cash Flow is used in addition to and in conjunction with results presented in accordance with U.S. GAAP. Free Cash Flow is not intended to represent net cash provided by operating activities recorded under U.S. GAAP and should not be considered as an alternative to net cash provided by operating activities as an indicator of Mettler-Toledo’s performance because of the following limitations.

Limitations of Mettler-Toledo’s non-GAAP measure, Free Cash Flow

Mettler-Toledo’s non-GAAP measure, Free Cash Flow, has certain material limitations as follows:

• It includes proceeds from the sale of property, plant and equipment and purchases of property, plant and equipment, which are not considered to be components of net cash provided by operating activities under U.S. GAAP. Therefore any measure that includes proceeds from the sale of property, plant and equipment and purchases of property, plant and equipment has material limitations.

• It excludes restructuring payments and excess tax benefits from share-based payment arrangements, which are considered to be components of net cash provided by operating activities under U.S. GAAP. Therefore any measure that excludes these items has material limitations.

Local Currency Sales Growth

Mettler-Toledo defines Local Currency Sales Growth as sales growth excluding the effect of currency exchange rate fluctuations that result from translating activity outside of the United States into U.S. dollars. The most directly comparable U.S. GAAP financial measure is U.S. dollar sales growth.

Mettler-Toledo believes that Local Currency Sales Growth is important supplemental information for investors. Mettler-Toledo believes local currency information provides a helpful assessment of business performance and a useful measure of results between periods.

Local Currency Sales Growth is used in addition to and in conjunction with results presented in accordance with U.S. GAAP. Local Currency Sales Growth is not intended to represent U.S. dollar sales growth under U.S. GAAP and should not be considered as an alternative to U.S. dollar sales growth as an indicator of Mettler-Toledo’s performance because of the following limitations.

Limitations of Mettler-Toledo’s non-GAAP measure, Local Currency Sales Growth

Mettler-Toledo’s non-GAAP measure, Local Currency Sales Growth, has certain material limitations as follows:

It does not include the effect of currency exchange rate fluctuations that result from translating activity outside of the United States into U.S. dollars. Because the effect of changes in foreign currency exchange rates is a component of U.S. dollar sales growth under U.S. GAAP, any measure that excludes the effect of changes in foreign currency exchange rates, has material limitations.

4

Adjusted Earnings per Share, Adjusted Operating Income, Free Cash Flow and Local Currency Sales Growth should not be relied upon to the exclusion of U.S. GAAP financial measures, but reflect additional measures of comparability and means of viewing aspects of Mettler-Toledo’s operations that, when viewed together with its U.S. GAAP results and the accompanying reconciliations to net earnings, net cash provided by operating activities and diluted earnings per share, provide a more complete understanding of factors and trends affecting its business.

Because Adjusted Earnings per Share, Adjusted Operating Income, Free Cash Flow and Local Currency Sales Growth are not standardized, it may not be possible to compare with other companies’ non-GAAP financial measures having the same or similar names. We strongly encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure.

The Release provides a reconciliation of Adjusted Earnings per Share, Adjusted Operating Income and Free Cash Flow to the most comparable financial measures recorded under U.S. GAAP. The Release also presents Local Currency Sales Growth in conjunction with its most comparable financial measure recorded under U.S. GAAP.

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Item 9.01 Financial Statements and Exhibits

Exhibit No.	Description
99.1	Press release, dated February 6, 2013, issued by Mettler-Toledo International Inc.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		METTLER-TOLEDO INTERNATIONAL INC.
Dated:	February 6, 2013	By:	/s/ William P. Donnelly
			William P. Donnelly
			Chief Financial Officer

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EX-99.1

FOR IMMEDIATE RELEASE Exhibit 99.1

METTLER-TOLEDO INTERNATIONAL INC. REPORTS

FOURTH QUARTER 2012 RESULTS

- - Improved Margins Drive Strong Earnings Growth - -

COLUMBUS, Ohio, USA - February 6, 2013 - Mettler-Toledo International Inc. (NYSE: MTD) today announced fourth quarter results for 2012. Provided below are the highlights:

• Sales in local currency increased by 2% in the quarter compared with the prior year. Reported sales increased 1%, which included a 1% negative currency impact.

• Net earnings per diluted share as reported (EPS) were $3.35, compared with $2.91 in the fourth quarter of 2011. Adjusted EPS was $3.47, an increase of 20% over the prior-year amount of $2.88. Adjusted EPS is a non-GAAP measure and excludes purchased intangible amortization, discrete tax items, restructuring charges and other one-time items. A reconciliation to EPS is provided on the last page of the attached schedules.

Fourth Quarter Results

Olivier Filliol, President and Chief Executive Officer, stated, “We continued to face reduced growth in customer demand throughout the world, particularly in Europe. However, we benefited from the pro-active gross margin and cost control measures we undertook in response to this challenging macro environment. Consequently, although sales growth was modest, we achieved strong improvement in operating margins and very strong growth in EPS.”

EPS was $3.35, compared with the prior-year amount of $2.91. Adjusted EPS was $3.47, an increase of 20% over the prior-year amount of $2.88.

Sales were $657.3 million, a 2% increase in local currency sales, compared with $648.4 million in the prior-year quarter. Reported sales increased 1%, which included a 1% negative currency impact. By region, local currency sales increased 5% in the Americas and 6% in Asia / Rest of World and decreased 4% in Europe. Adjusted operating income amounted to $153.4 million, a 17% increase from the prior-year amount of $131.7 million. Adjusted operating income is a non-GAAP measure, and a reconciliation to earnings before taxes is provided in the attached schedules.

Cash flow from operations was $111.7 million, compared with $103.2 million in the prior-year quarter.

Full Year Results

EPS was $9.14, compared with the prior-year amount of $8.21. Adjusted EPS was $9.67, an increase of 16% over the prior-year amount of $8.36.

Sales were $2.342 billion, a 4% increase in local currency sales, compared with $2.309 billion in the prior-year period. Reported sales growth was 1%, which included a 3% negative currency impact. For the year, local currency sales increased 5% in the Americas and 10% in Asia / Rest of World and decreased 2% in Europe. Adjusted operating income amounted to $444.5 million, a 12% increase from the prior-year amount of $398.5 million. Adjusted operating income is a non-GAAP measure, and a reconciliation to earnings before taxes is provided in the attached schedules.

Cash flow from operations was $327.7 million, compared with $280.9 million in the prior-year period.

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Cost Control Measures

As part of the cost control measures announced in the second quarter of 2012, the Company recorded pre-tax restructuring charges of $5.4 million in the fourth quarter and $16.7 million in 2012.

Outlook

The Company updated its outlook for 2013 and noted that uncertainty in demand exists in most of its markets, which makes forecasting difficult. Based on today's assessment, management anticipates that local currency sales growth in 2013 will be in the range of 1% to 3%, with growth stronger in the second half of the year. This sales growth is expected to result in Adjusted EPS in the range of $10.30 to $10.55, an increase of 7% to 9%. This compares to previous guidance of Adjusted EPS in the range of $10.00 to $10.30.

The Company stated that based on its assessment of market conditions today, management anticipates that sales in constant currency in the first quarter of 2013 will be in line with the prior year and Adjusted EPS will be in the range of $1.75 to $1.80, an increase of 5% to 8%.

Adjusted EPS excludes purchased intangible amortization, discrete tax items, restructuring charges and other one-time items. While the Company has provided an outlook for Adjusted EPS, it has not provided an outlook for EPS as it would require an estimate of non-recurring items, which are not yet known.

Conclusion

Filliol concluded, “Uncertainty continues to exist in our markets and conditions will likely remain challenging until the second half of this year. We have made adjustments to our cost structure in light of the current macro environment but also continue to make meaningful investments for our long term growth. These include investments in emerging markets, sales and marketing programs, product development and our Blue Ocean initiative. We are confident in our ability to successfully execute our business strategies in this environment and believe we can continue to outgrow our markets and build our competitive position.”

Other Matters

The Company will host a conference call to discuss its quarterly results today (Wednesday, February 6) at 5:00 p.m. Eastern Time. To hear a live webcast or replay of the call, visit the investor relations page on the Company's website at www.mt.com/investors. The presentation referenced in the conference call will be located on the website prior to the call.

METTLER TOLEDO is a leading global supplier of precision instruments and services. The Company has strong leadership positions in all businesses and believes it holds global number-one market positions in a majority of them. Specifically, METTLER TOLEDO is the largest provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a leading provider in analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes. In addition, METTLER TOLEDO is the largest supplier of end-of-line inspection systems used in production and packaging for food, pharmaceutical and other industries. Additional information about METTLER TOLEDO can be found at www.mt.com/investors.

Statements in this press release which are not historical facts constitute “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These statements involve known and unknown risks, uncertainties and other factors that may cause our or our businesses' actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by any forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of those terms or other comparable terminology. For a discussion of these risks and uncertainties, please see the discussion on forward-looking statements in our current report on Form 8-K to which this release has been furnished as an exhibit. All of the forward-looking statements are qualified in their entirety by reference to the factors discussed under the captions “Factors affecting our future operating results” and in the “Business” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” sections of our annual report on Form 10-K for the most recently completed fiscal year, which describe risks and factors that could cause results to differ materially from those projected in those forward-looking statements.

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METTLER-TOLEDO INTERNATIONAL INC. CONSOLIDATED STATEMENTS OF OPERATIONS (amounts in thousands except share data) (unaudited)
		Three months ended				Three months ended
		December 31, 2012			% of sales	December 31, 2011			% of sales
Net sales		$	657,292	(a)	100.0	$	648,360		100.0
Cost of sales		300,504			45.7	302,201			46.6
Gross profit		356,788			54.3	346,159			53.4
Research and development		28,001			4.3	30,115			4.6
Selling, general and administrative		175,379			26.7	184,368			28.4
Amortization		5,586			0.8	5,066			0.8
Interest expense		5,667			0.9	5,930			1.0
Restructuring charges		5,426			0.8	3,081			0.5
Other charges (income), net		767			0.1	95			0.0
Earnings before taxes		135,962			20.7	117,504			18.1
Provision for taxes		31,329			4.8	23,222			3.6
Net earnings		$	104,633		15.9	$	94,282		14.5
Basic earnings per common share:
Net earnings		$	3.43			$	2.99
Weighted average number of common shares		30,532,491				31,542,400
Diluted earnings per common share:
Net earnings		$	3.35			$	2.91
Weighted average number of common
and common equivalent shares		31,271,377				32,387,459
Note:
(a)	Local currency sales increased 2% as compared to the same period in 2011.
RECONCILIATION OF EARNINGS BEFORE TAXES TO ADJUSTED OPERATING INCOME
		Three months ended				Three months ended
		December 31, 2012			% of sales	December 31, 2011			% of sales
Earnings before taxes		$	135,962			$	117,504
Amortization		5,586				5,066
Interest expense		5,667				5,930		(b)
Restructuring charges		5,426				3,081
Other charges (income), net		767				95
Adjusted operating income		$	153,408	(c)	23.3	$	131,676		20.3
Note:
(b)	Includes a $0.3 million charge associated with the termination of the Company's $950 million Credit Agreement, which was replaced with the Company's new $880 million Credit Agreement during the three months ended December 31, 2011.
(c)	Adjusted operating income increased 17% as compared to the same period in 2011.

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METTLER-TOLEDO INTERNATIONAL INC. CONSOLIDATED STATEMENTS OF OPERATIONS (amounts in thousands except share data) (unaudited)
		Twelve months ended				Twelve months ended
		December 31, 2012			% of sales	December 31, 2011			% of sales
Net sales		$	2,341,528	(a)	100.0	$	2,309,328		100.0
Cost of sales		1,100,473			47.0	1,091,054			47.2
Gross profit		1,241,055			53.0	1,218,274			52.8
Research and development		112,530			4.8	116,139			5.0
Selling, general and administrative		684,026			29.2	703,632			30.5
Amortization		21,357			0.9	17,808			0.8
Interest expense		22,764			1.0	23,226			1.0
Restructuring charges		16,687			0.7	5,912			0.3
Other charges (income), net		1,090			0.1	2,380			0.1
Earnings before taxes		382,601			16.3	349,177			15.1
Provision for taxes		91,754			3.9	79,684			3.4
Net earnings		$	290,847		12.4	$	269,493		11.7
Basic earnings per common share:
Net earnings		$	9.37			$	8.45
Weighted average number of common shares		31,044,532				31,897,779
Diluted earnings per common share:
Net earnings		$	9.14			$	8.21
Weighted average number of common
and common equivalent shares		31,824,077				32,839,365
Note:
(a)	Local currency sales increased 4% as compared to the same period in 2011.
RECONCILIATION OF EARNINGS BEFORE TAXES TO ADJUSTED OPERATING INCOME
		Twelve months ended				Twelve months ended
		December 31, 2012			% of sales	December 31, 2011			% of sales
Earnings before taxes		$	382,601			$	349,177
Amortization		21,357				17,808
Interest expense		22,764				23,226		(b)
Restructuring charges		16,687				5,912
Other charges (income), net		1,090				2,380
Adjusted operating income		$	444,499	(c)	19.0	$	398,503		17.3
Note:
(b)	Includes a $0.3 million charge associated with the termination of the Company's $950 million Credit Agreement, which was replaced with the Company's new $880 million Credit Agreement during the twelve months ended December 31, 2011.
(c)	Adjusted operating income increased 12% as compared to the same period in 2011.

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METTLER-TOLEDO INTERNATIONAL INC. CONDENSED CONSOLIDATED BALANCE SHEETS (amounts in thousands) (unaudited)
	December 31, 2012		December 31, 2011
Cash and cash equivalents	$	101,702	$	235,601
Accounts receivable, net	437,390		425,147
Inventories	198,939		241,421
Other current assets and prepaid expenses	126,889		116,694
Total current assets	864,920		1,018,863
Property, plant and equipment, net	469,421		410,007
Goodwill and other intangible assets, net	569,915		569,153
Other non-current assets	213,144		205,451
Total assets	$	2,117,400	$	2,203,474
Short-term borrowings and maturities of long-term debt	$	41,600	$	28,300
Trade accounts payable	142,362		168,109
Accrued and other current liabilities	378,715		413,435
Total current liabilities	562,677		609,844
Long-term debt	347,131		476,715
Other non-current liabilities	380,373		335,778
Total liabilities	1,290,181		1,422,337
Shareholders’ equity	827,219		781,137
Total liabilities and shareholders’ equity	$	2,117,400	$	2,203,474

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METTLER-TOLEDO INTERNATIONAL INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (amounts in thousands) (unaudited)
	Three months ended						Twelve months ended
	December 31,						December 31,
	2012			2011			2012			2011
Cash flow from operating activities:
Net earnings	$	104,633		$	94,282		$	290,847		$	269,493
Adjustments to reconcile net earnings to
net cash provided by operating activities:
Depreciation	9,143			8,319			33,421			31,689
Amortization	5,586			5,066			21,357			17,808
Deferred tax benefit	12,309			14,771			5,420			5,018
Excess tax benefits from share-based payment arrangements	(8,863		)	(6,353		)	(9,365		)	(12,612		)
Other	4,034			3,485			14,640			11,746
Increase (decrease) in cash resulting from changes in
operating assets and liabilities	(15,116		)	(16,354		)	(28,616		)	(42,262		)
Net cash provided by operating activities	111,726			103,216			327,704			280,880
Cash flows from investing activities:
Proceeds from sale of property, plant and equipment	82			83			426			2,485
Purchase of property, plant and equipment	(31,296		)	(33,994		)	(95,588		)	(98,500		)
Acquisitions	—			(711		)	(2,098		)	(35,373		)
Other investing activities	—			—			—			(903		)
Net cash used in investing activities	(31,214		)	(34,622		)	(97,260		)	(132,291		)
Cash flows from financing activities:
Proceeds from borrowings	148,070			403,606			477,998			469,599
Repayments of borrowings	(175,603		)	(476,968		)	(595,682		)	(647,694		)
Proceeds from exercise of stock options	5,741			9,581			21,927			20,770
Excess tax benefits from share-based payment arrangements	8,863			6,353			9,365			12,612
Repurchases of common stock	(70,822		)	(33,399		)	(278,672		)	(204,578		)
Debt issuance costs	(363		)	(3,144		)	(363		)	(3,144		)
Acquisition contingent consideration paid	(325		)	—			(325		)	(7,750		)
Other financing activities	139			(173		)	(645		)	(284		)
Net cash used in financing activities	(84,300		)	(94,144		)	(366,397		)	(360,469		)
Effect of exchange rate changes on cash and cash equivalents	116			(1,322		)	2,054			(96		)
Net decrease in cash and cash equivalents	(3,672		)	(26,872		)	(133,899		)	(211,976		)
Cash and cash equivalents:
Beginning of period	105,374			262,473			235,601			447,577
End of period	$	101,702		$	235,601		$	101,702		$	235,601
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW
Net cash provided by operating activities	$	111,726		$	103,216		$	327,704		$	280,880
Excess tax benefits from share-based payment arrangements	8,863			6,353			9,365			12,612
Payments in respect of restructuring activities	4,354			2,194			12,591			6,297
Proceeds from sale of property, plant and equipment	82			83			426			2,485
Purchase of property, plant and equipment	(31,296		)	(33,994		)	(95,588		)	(98,500		)
Free cash flow	$	93,729		$	77,852		$	254,498		$	203,774

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METTLER-TOLEDO INTERNATIONAL INC. OTHER OPERATING STATISTICS
SALES GROWTH BY DESTINATION
(unaudited)
						Europe				Americas		Asia/RoW				Total
U.S. Dollar Sales Growth
	Three Months Ended December 31, 2012					(7		)%		6	%	7		%		1		%
	Twelve Months Ended December 31, 2012					(8		)%		4	%	11		%		1		%
Local Currency Sales Growth
	Three Months Ended December 31, 2012					(4		)%		5	%	6		%		2		%
	Twelve Months Ended December 31, 2012					(2		)%		5	%	10		%		4		%
RECONCILIATION OF DILUTED EPS AS REPORTED TO ADJUSTED DILUTED EPS
(unaudited)
		Three months ended										Twelve months ended
		December 31,										December 31,
		2012				2011				% Growth		2012				2011				% Growth
EPS as reported, diluted		$	3.35			$	2.91			15%		$	9.14			$	8.21			11%
Restructuring charges, net of tax		0.13			(a)	0.07			(a)			0.39			(a)	0.13			(a)
Purchased intangible amortization, net of tax		0.03			(b)	0.03			(b)			0.14			(b)	0.12			(b)
Benefit in Q4 of adjusting Q3 YTD tax rate		(0.04		)	(c)	(0.14		)	(c)			—				—
Debt extinguishment and financing costs, net of tax		—				0.01			(d)			—				0.01			(d)
Discrete tax items		—				—						—				(0.11		)	(e)
Adjusted EPS, diluted		$	3.47			$	2.88			20%		$	9.67			$	8.36			16%
Notes:
(a)	Represents the EPS impact of restructuring charges of $5.4 million ($4.0 million after tax) and $3.1 million ($2.3 million after tax) for the three months ended December 31, 2012 and 2011, respectively and $16.7 million ($12.5 million after tax) and $5.9 million ($4.4 million after tax) for the twelve months ended December 31, 2012 and 2011, respectively.
(b)	Represents the EPS impact of purchased intangibles amortization, net of tax, of $1.0 million and $1.1 million for the three months ended December 31, 2012 and 2011, respectively and $4.5 million and $4.1 million for the twelve months ended December 31, 2012 and 2011, respectively.
(c)	Represents the EPS impact of adjusting the annual effective tax rate from 24.5% to 24% and 26% to 24% during the three months ended December 31, 2012 and 2011, respectively related to the nine months ended September 30, 2012 and 2011, respectively.
(d)	Represents the EPS impact of costs associated with the termination of the Company's $950 million Credit Agreement that was replaced with the Company's new $880 million Credit Agreement totaling $0.3 million ($0.2 million after tax) for the three and twelve months ended December 31, 2011.
(e)	Represents the EPS impact of discrete tax items of $3.8 million for the twelve months ended December 31, 2011, primarily related to the favorable resolution of certain prior year tax matters.

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