Cemex 2013 Annual Report Download - page 134

Download and view the complete annual report

Please find page 134 of the 2013 Cemex annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 172

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172

Years ended December 31,
Note 2013 2012 2011
Operating activities
Netloss  $ (8,040) (209) (20,271)
Non-cashitems:
 Depreciationofbuildings 8 9 10 4
 Financialitems,net 10,020 (1,266) 19,574
 Incometaxes 12 1,742 1,709 468
 Changesinworkingcapital (33,074) 16,120 13,470
 Netcashow(usedin)providedbyoperatingactivities
  beforeinterestandincometaxes (29,343) 16,364 13,245
Financialexpensepaidincash   (8,672) (8,282) (6,383)
Incometaxespaidincash 12  (2,410) (1,092) (506)
 Netcashows(usedin)providedbyoperatingactivities (40,425) 6,990 6,356
Investing activities
Investmentsinsubsidiaries   – (3,587) –
Financialinstruments   (380) – –
Long-termassets,net   – – 3
Landandbuildings   – 170 –
 Netcashows(usedin)providedbyinvestingactivities (380) (3,417) 3
Financing activities
Long-termrelatedparties,net 11  1,114 2,350 (29,076)
Issuanceofcommonstock 13A  – – 11
Derivativenancialinstruments   (444) 2,027 (5,118)
Issuance(repayment)ofdebt,net 10  40,120 (11,158) 32,277
Othernancialexpensespaidincash 10  – (875) (545)
 Netcashowsprovidedby(usedin)nancingactivities 40,790 (7,656) (2,451)
 Increase(decrease)incashandcashequivalents (15) (4,083) 3,908
 Cashandcashequivalentsatbeginningoftheyear 20 4,103 195
Cash and cash equivalents at end of year 5 $ 5 20 4,103
Changes in working capital:
 Otheraccountsreceivable $ 142 (147) (722)
 Short-termrelatedparties,net 11 (34,884) 15,076 12,371
 Otheraccountspayableandaccruedexpenses 9 1,668 1,191 1,821
Changes in working capital, excluding income taxes $ (33,074) 16,120 13,470
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nancialstatements.
[133]