Comcast 2013 Annual Report Download - page 88

Table of Contents
Comcast Corporation
Consolidated Statement of Cash Flows
See accompanying notes to consolidated financial statements.
Year ended December 31 (in millions)
2013
2012
2011
Operating Activities
Net income
$
7,135
$
7,865
$
5,157
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
7,871
7,798
7,636
Amortization of film and television costs
8,249
9,454
6,787
Share-based compensation
419
371
344
Noncash interest expense (income), net
167
193
146
Equity in net (income) losses of investees, net
86
(959
)
35
Cash received from investees
120
195
311
Net (gain) loss on investment activity and other
(169
)
(1,062
)
23
Deferred income taxes
16
139
1,058
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
Change in current and noncurrent receivables, net
(721
)
(823
)
(427
)
Change in film and television costs
(8,205
)
(9,432
)
(7,080
)
Change in accounts payable and accrued expenses related to trade creditors
(667
)
366
(20
)
Change in other operating assets and liabilities
(141
)
749
375
Net cash provided by (used in) operating activities
14,160
14,854
14,345
Investing Activities
Capital expenditures
(6,596
)
(5,714
)
(5,307
)
Cash paid for intangible assets
(1,009
)
(923
)
(954
)
Acquisitions of real estate properties
(1,904
)
—
—
Acquisitions, net of cash acquired
(99
)
(90
)
(6,407
)
Proceeds from sales of businesses and investments
1,083
3,102
277
Return of capital from investees
149
2,362
37
Purchases of investments
(1,223
)
(297
)
(135
)
Other
85
74
(19
)
Net cash provided by (used in) investing activities
(9,514
)
(1,486
)
(12,508
)
Financing Activities
Proceeds from (repayments of) short-term borrowings, net
1,345
(544
)
544
Proceeds from borrowings
2,933
4,544
—
Repurchases and repayments of debt
(2,444
)
(2,881
)
(3,216
)
Repurchases and retirements of common stock
(2,000
)
(3,000
)
(2,141
)
Dividends paid
(1,964
)
(1,608
)
(1,187
)
Issuances of common stock
40
233
283
Purchase of NBCUniversal noncontrolling common equity interest
(10,761
)
—
—
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred
stock
(215
)
(691
)
(325
)
Settlement of Station Venture liability
(602
)
—
—
Other
(211
)
(90
)
(159
)
Net cash provided by (used in) financing activities
(13,879
)
(4,037
)
(6,201
)
Increase (decrease) in cash and cash equivalents
(9,233
)
9,331
(4,364
)
Cash and cash equivalents, beginning of year
10,951
1,620
5,984
Cash and cash equivalents, end of year
$
1,718
$
10,951
$
1,620
83
Comcast 2013 Annual Report on Form 10
-
K