Cemex 2012 Annual Report Download - page 124

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124
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Years ended December 31,
Note 2012 2011 2010
Operating activities
Net loss $ (209) (20,271) (3,674)
Non-cash items:
Depreciation of buildings 8 10 4 6
Comprehensive financing result (1,266) 19,574 676
Income taxes 12 1,709 468 2,954
Changes in working capital 16,120 13,470 3,672
Net cash flow provided by operating
activities before interest and income taxes 16,364 13,245 3,634
Financial expense paid in cash (8,282) (6,383) (5,873)
Income taxes paid in cash 12 (1,092) (506) (325)
Net cash flows provided by (used in) operating activities 6,990 6,356 (2,564)
Investing activities
Investments in subsidiaries (3,587) – –
Long-term assets, net – 3 33
Land and buildings 170 – –
Net cash flows (used in) provided by investing activities (3,417) 3 33
Financing activities
Long-term related parties, net 11 2,350 (29,076) 5,633
Issuance of common stock 13A – 11 5
Derivative instruments 2,027 (5,118) (141)
Repayment of debt, net 10 (11,158) 32,277 (2,536)
Other financial expenses paid in cash 10 (875) (545) (235)
Net cash flows (used in) provided by financing activities (7,656) (2,451) 2,726
Increase (decrease) in cash and cash equivalents (4,083) 3,908 195
Cash and cash equivalents at beginning of the year 4,103 195 –
Cash and cash equivalents at end of year 5 $ 20 4,103 195
Changes in working capital:
Other accounts receivable $ (147) (722) (283)
Short-term related parties, net 11 15,076 12,371 4,036
Other accounts payable and accrued expenses 9 1,191 1,821 (81)
Changes in working capital, excluding income taxes $ 16,120 13,470 3,672
Statements
of cash
flows
CEMEX, S.A.B. DE C.V.
(Parent company-only)
(Millions of Mexican pesos)
The accompanying notes are part of these Parent
Company-only financial statements.