Comcast 2014 Annual Report Download - page 92

Table of Contents
Comcast Corporation
Consolidated Statement of Cash Flows
See accompanying notes to consolidated financial statements.
Year ended December 31 (in millions)
2014
2013
2012
Operating Activities
Net income
$
8,592
$
7,135
$
7,865
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
8,019
7,871
7,798
Share-based compensation
513
419
371
Noncash interest expense (income), net
180
167
193
Equity in net (income) losses of investees, net
(97
)
86
(959
)
Cash received from investees
104
120
195
Net (gain) loss on investment activity and other
4
(169
)
(1,062
)
Deferred income taxes
1,165
16
139
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
Current and noncurrent receivables, net
(33
)
(721
)
(823
)
Film and television costs, net
(562
)
44
22
Accounts payable and accrued expenses related to trade creditors
153
(667
)
366
Other operating assets and liabilities
(1,093
)
(141
)
749
Net cash provided by operating activities
16,945
14,160
14,854
Investing Activities
Capital expenditures
(7,420
)
(6,596
)
(5,714
)
Cash paid for intangible assets
(1,122
)
(1,009
)
(923
)
Acquisitions and construction of real estate properties
(43
)
(1,904
)
—
Acquisitions, net of cash acquired
(477
)
(99
)
(90
)
Proceeds from sales of businesses and investments
666
1,083
3,102
Return of capital from investees
25
149
2,362
Purchases of investments
(191
)
(1,223
)
(297
)
Other
(171
)
85
74
Net cash provided by (used in) investing activities
(8,733
)
(9,514
)
(1,486
)
Financing Activities
Proceeds from (repayments of) short-term borrowings, net
(504
)
1,345
(544
)
Proceeds from borrowings
4,182
2,933
4,544
Repurchases and repayments of debt
(3,175
)
(2,444
)
(2,881
)
Repurchases and retirements of common stock
(4,251
)
(2,000
)
(3,000
)
Dividends paid
(2,254
)
(1,964
)
(1,608
)
Issuances of common stock
35
40
233
Purchase of NBCUniversal noncontrolling common equity interest
—
(
10,761
)
—
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred
stock
(220
)
(215
)
(691
)
Settlement of Station Venture liability
—
(
602
)
—
Other
167
(211
)
(90
)
Net cash provided by (used in) financing activities
(6,020
)
(13,879
)
(4,037
)
Increase (decrease) in cash and cash equivalents
2,192
(9,233
)
9,331
Cash and cash equivalents, beginning of year
1,718
10,951
1,620
Cash and cash equivalents, end of year
$
3,910
$
1,718
$
10,951
87
Comcast 2014 Annual Report on Form 10
-
K