Cemex 2013 Annual Report Download - page 47

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Years ended December 31,
Notes 2013 2012 2011
Operating activities
Consolidatednetloss $ (9,611) (11,338) (24,932)
Non-cashitems:
Depreciationandamortizationofassets 5 14,459 17,505 17,848
Impairmentlosses 6 1,591 1,661 1,751
 Equityingain(loss)ofassociates 13A (229) (728) 334
 Otherexpenses(income),net 476 1,593 (1,559)
Financialitems,net 18,231 17,534 19,092
 Incometaxes 19 6,210 6,043 12,135
 Changesinworkingcapital,excludingincometaxes (4,082) (2,048) (727)
 Netcashowprovidedbyoperatingactivitiesbeforeinterest,coupons
  onperpetualdebenturesandincometaxes 27,045 30,222 23,942
Financialexpensepaidincashincludingcouponsonperpetualdebentures 20D (19,110) (19,564) (13,352)
Incometaxespaidincash (6,665) (4,709) (3,778)
Netcashowsprovidedby(usedin)operatingactivities 1,270 5,949 6,812
Investing activities
Property,machineryandequipment,net 14 (5,570) (5,922) (3,524)
Disposal(acquisition)ofsubsidiariesandassociates,net 13,15  1,259 (895) 1,232
Intangibleassetsandotherdeferredcharges 15 (1,203) (438) (932)
Long-termassetsandothers,net 118 4,696 1,406
Netcashowsusedininvestingactivities (5,396) (2,559) (1,818)
Financing activities
Issuanceofcommonstock 20A  – – 11
Issuanceofcommonstockbysubsidiaries 20D  – 12,442 –
Derivativeinstruments (256) 1,633 (5,464)
Issuance(repayment)ofdebt,net 16A  5,933 (17,239) 5,702
Securitizationoftradereceivables   (1,854) (193) 2,890
Non-currentliabilities,net   (568) (1,679) 1,430
Netcashowsprovidedby(usedin)nancingactivities 3,255 (5,036) 4,569
 Increase(decrease)incashandcashequivalents (871) (1,646) 9,563
 Cashconversioneffect,net 3,569 (2,004) (1,789)
 Cashandcashequivalentsatbeginningofyear 12,478 16,128 8,354
Cash and cash equivalents at end of year 8 $ 15,176 12,478 16,128
Changes in working capital, excluding income taxes:
Tradereceivables,net $ (2,187) 2,956 (2,211)
 Otheraccountsreceivableandotherassets (1,033) (2,010) 1,306
 Inventories (616) 1,412 (575)
 Tradepayables 1,620 (424) (454)
 Otheraccountspayableandaccruedexpenses (1,866) (3,982) 1,207
Changes in working capital, excluding income taxes $ (4,082) (2,048) (727)
Consolidated statements of cash flows
CEMEX, S.A.B. de C.V. and subsidiaries
(Millions of Mexican pesos)
Theaccompanyingnotesarepartoftheseconsolidatednancialstatements.
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