ADT 2008 Annual Report Download - page 275

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
24. Tyco International Finance S.A. (Continued)
CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended September 26, 2008
($ in millions)
Tyco Tyco
International International Other Consolidating
Ltd. Finance S.A Subsidiaries Adjustments Total
Cash Flows From Operating Activities:
Net cash (used in) provided by operating activities . $(4,034) $(1,814) $ 4,976 $ — $ (872)
Net cash used in discontinued operating activities . . — — (18) — (18)
Cash Flows From Investing Activities:
Capital expenditures ....................... — — (734) — (734)
Proceeds from disposal of assets ............... — — 28 — 28
Accounts purchased from ADT dealer program ..... — — (376) — (376)
Acquisition of businesses, net of cash acquired ..... — — (347) — (347)
Divestiture of businesses, net of cash retained ...... — — 1 — 1
Class action settlement escrow ................ 2,960 — — — 2,960
Intercompany dividend from subsidiary .......... — 62 — (62) —
Decrease in investments ..................... — — 32 — 32
Decrease in investment in subsidiaries ........... — 2,450 — (2,450) —
Net increase in intercompany loans ............. — (75) — 75 —
Increase in restricted cash ................... — — (17) — (17)
Other ................................. — — (1) — (1)
Net cash provided by (used in) investing activities . . 2,960 2,437 (1,414) (2,437) 1,546
Net cash provided by discontinued investing
activities ............................ — — 911 — 911
Cash Flows From Financing Activities:
Net repayments of debt ..................... — (546) (1) — (547)
Proceeds from exercise of share options .......... 47 — 2 — 49
Dividends paid ........................... (292) — — — (292)
Intercompany dividend to parent ............... — — (62) 62 —
Repurchase of common shares by subsidiary ....... — — (854) — (854)
Repurchase of common shares held in treasury ..... (192) — — — (192)
Decrease in equity from parent ................ — — (2,450) 2,450 —
Net intercompany loan borrowings (repayments) .... 1,496 — (1,421) (75) —
Transfer from discontinued operations ........... — — 897 — 897
Other ................................. — (76) 4 — (72)
Net cash provided by (used in) financing activities . 1,059 (622) (3,885) 2,437 (1,011)
Net cash used in discontinued financing activities . . — — (893) — (893)
Effect of currency translation on cash ........... — — (38) — (38)
Net (decrease) increase in cash and cash equivalents . (15) 1 (361) — (375)
Cash and cash equivalents at beginning of year .... 16 — 1,878 — 1,894
Cash and cash equivalents at end of year ......... $ 1 $ 1 $1,517 $ — $ 1,519
172 2008 Financials