ADT 2008 Annual Report Download - page 276

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 28, 2007
($ 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 . $ (930) $ 6,560 $(3,816) $ — $ 1,814
Net cash provided by discontinued operating
activities ............................ — 78 2,420 — 2,498
Cash Flows From Investing Activities:
Capital expenditures ....................... — — (666) — (666)
Proceeds from disposal of assets ............... — — 23 — 23
Accounts purchased from ADT dealer program ..... — — (409) — (409)
Acquisition of businesses, net of cash acquired ..... — — (31) — (31)
Divestiture of businesses, net of cash retained ...... — — 8 — 8
Class action settlement escrow ................ (2,960) — — — (2,960)
Liquidation of rabbi trust investments ........... — — 271 — 271
Decrease in investments ..................... — — 4 — 4
Decrease (increase) in investment in subsidiaries .... 2,971 (4,507) 132 1,404 —
Net increase in intercompany loans ............. — (2,135) — 2,135 —
Decrease in restricted cash ................... — — 5 — 5
Other ................................. — — 15 — 15
Net cash provided by (used in) investing activities . . 11 (6,642) (648) 3,539 (3,740)
Net cash used in discontinued investing activities . . — (78) (810) 78 (810)
Cash Flows From Financing Activities:
Net repayments of debt ..................... — (5,924) (4) — (5,928)
Proceeds from exercise of share options .......... 369 — 37 — 406
Dividends paid ........................... (791) — — — (791)
Repurchase of common shares by subsidiary ....... — — (727) — (727)
(Decrease) increase in equity from parent ........ — (2,977) 4,381 (1,404) —
Net intercompany loan borrowings ............. 1,355 — 780 (2,135) —
Transfer from discontinued operations ........... — 7,825 760 — 8,585
Other ................................. — — 12 — 12
Net cash provided by (used in) financing activities . 933 (1,076) 5,239 (3,539) 1,557
Net cash used in discontinued financing activities . . — — (872) (78) (950)
Effect of currency translation on cash ........... — — 70 — 70
Effect of currency translation on cash related to
discontinued operations ................... — — 33 — 33
Net increase (decrease) in cash and cash equivalents . 14 (1,158) 1,616 — 472
Less: net increase in cash related to discontinued
operations ............................ — — (771) — (771)
Cash and cash equivalents at beginning of year .... 2 1,158 1,033 — 2,193
Cash and cash equivalents at end of year ......... $ 16 $ — $1,878 $ — $ 1,894
2008 Financials 173