Cemex 2009 Annual Report Download - page 34

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32
STATEMENTS OF CASH FLOWS
CEMEX, S.A.B. DE C.V.
(Millions of Mexican pesos)
Years ended December 31,
Note 25 2009 2008
OPERATING ACTIVITIES
Net income $ 1,409 2,278
Non-cash items:
Depreciation and amortization of assets E 6 6
Amortization of deferred charges F 287 28
Equity in income of subsidiaries and associates D (11,621) (4,091)
Comprehensive financing result 9,336 7,494
Income taxes J 541 (5,111)
Changes in working capital, excluding financial expenses and income tax (7,076) (16,848)
Net cash flows used in operating activities before income taxes (7,118) (16,244)
Income taxes paid in cash J – 738
Net cash flows used in operating activities (7,118) (15,506)
INVESTING ACTIVITIES
Investment derivatives – 1,916
Dividends obtained from associates – 70
Investment in subsidiaries D 4,359 (54)
Deferred charges (2,678) (14)
Long-term assets, net 490 (43)
Others, net – 1,679
Net cash flows provided by investing activities 2,171 3,554
FINANCING ACTIVITIES
Long-term related parties, net I 14,293 25,788
Financial expenses paid in cash (4,645) (4,844)
Issuance of common stock K 23,953 –
Financing derivatives (7,585) (6,252)
Dividends paid – (215)
Repayment of debt, net H (19,373) (2,647)
Long-term liabilities, net (1,696) 122
Net cash flows provided by financing activities 4,947 11,952
Decrease in cash and investments – –
Net conversion effect – –
Cash and investments at beginning of year – –
CASH AND INVESTMENTS AT END OF YEAR $ – –
Changes in working capital:
Other accounts receivable $ 2,867 (239)
Short-term related parties, net I (9,484) (16,705)
Other accounts payable and accrued expenses G (459) 96
Changes in working capital, excluding income taxes $ (7,076) (16,848)
The accompanying notes are part of these financial statements.