Cemex 2009 Annual Report Download - page 31

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29
CONSOLIDATED STATEMENT OF CHANGES IN FINANCIAL POSITION
CEMEX, S.A.B. DE C.V. AND SUBSIDIARIES
(Millions of Mexican pesos)
Year ended
Notes December 31, 2007
OPERATING ACTIVITIES
Controlling interest net income $ 26,108
Non-cash items:
Depreciation of property, machinery and equipment 11 14,876
Amortization of intangible assets and deferred charges 12 2,790
Impairment of assets 8,11 and 12 195
Pensions and other postretirement benefits 15 995
Deferred income taxes 16 (427)
Deferred employees’ statutory profit sharing 25
Equity in income of associates 9A (1,487)
Non-controlling interest 837
Net resources provided by operating activities 43,912
Changes in working capital, excluding acquisition effects:
Trade receivables, net 2,837
Other accounts receivable and other assets 422
Inventories (1,185)
Trade payables (566)
Other accounts payable and accrued expenses 205
Net change in working capital 1,713
Net resources provided by operating activities 45,625
FINANCING ACTIVITIES
Proceeds from debt, net, excluding debt assumed through business acquisitions 114,065
Decrease of treasury shares owned by subsidiaries 158
Dividends paid (6,636)
Issuance of common stock under stock dividend elections and stock option programs 6,399
Issuance of perpetual debentures, net of coupons paid 17D 16,981
Other financing activities, net (618)
Net resources provided by financing activities 130,349
INVESTING ACTIVITIES
Property, machinery and equipment, net 11 (21,779)
Investment in subsidiaries and associates 9A and 12 (146,663)
Non-controlling interest (1,166)
Goodwill, intangible assets and other deferred charges 12 (1,408)
Other investments and monetary foreign currency effect (14,782)
Net resources used in investing activities (185,798)
Decrease in cash and investments (9,824)
Cash and investments at beginning of year 18,494
CASH AND INVESTMENTS AT END OF YEAR 5 $ 8,670
The accompanying notes are part of these consolidated financial statements.