Comcast 2012 Annual Report Download - page 82

Table of Contents
Consolidated Statement of Cash Flows
See accompanying notes to consolidated financial statements.
Year ended December 31 (in millions)
2012
2011
2010
Operating Activities
Net income
$
7,865
$
5,157
$
3,668
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
7,798
7,636
6,616
Amortization of film and television costs
9,454
6,787
187
Share
-
based compensation
371
344
300
Noncash interest expense (income), net
193
146
141
Equity in net (income) losses of investees, net
(959
)
35
141
Cash received from investees
195
311
—
Net (gain) loss on investment activity and other
(1,062
)
23
(267
)
Deferred income taxes
139
1,058
549
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
Change in current and noncurrent receivables, net
(823
)
(427
)
(131
)
Change in film and television costs
(9,432
)
(7,080
)
(191
)
Change in accounts payable and accrued expenses related to trade creditors
366
(85
)
37
Change in other operating assets and liabilities
749
440
129
Net cash provided by (used in) operating activities
14,854
14,345
11,179
Investing Activities
Capital expenditures
(5,714
)
(5,307
)
(4,961
)
Cash paid for intangible assets
(923
)
(954
)
(536
)
Acquisitions, net of cash acquired
(90
)
(6,407
)
(183
)
Proceeds from sales of businesses and investments
3,102
277
99
Return of capital from investees
2,362
37
190
Purchases of investments
(297
)
(135
)
(260
)
Other
74
(19
)
(60
)
Net cash provided by (used in) investing activities
(1,486
)
(12,508
)
(5,711
)
Financing Activities
Proceeds from (repayments of) short
-
term borrowings, net
(544
)
544
—
Proceeds from borrowings
4,544
—
3,420
Repurchases and repayments of debt
(2,881
)
(3,216
)
(1,153
)
Repurchases and retirements of common stock
(3,000
)
(2,141
)
(1,200
)
Dividends paid
(1,608
)
(1,187
)
(1,064
)
Issuances of common stock
233
283
34
Distributions to NBCUniversal noncontrolling member
(473
)
(119
)
—
Distributions to other noncontrolling interests
(218
)
(206
)
(67
)
Other
(90
)
(159
)
(125
)
Net cash provided by (used in) financing activities
(4,037
)
(6,201
)
(155
)
Increase (decrease) in cash and cash equivalents
9,331
(4,364
)
5,313
Cash and cash equivalents, beginning of year
1,620
5,984
671
Cash and cash equivalents, end of year
$
10,951
$
1,620
$
5,984
79
Comcast 2012 Annual Report on Form 10-
K