DELPHI 2015 Annual Report Download - page 152

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Table of Contents
130
Statement of Cash Flows for the Year Ended December 31, 2014
Parent
Subsidiary
Guarantors
Subsidiary
Issuer/
Guarantor
Non-
Guarantor
Subsidiaries Eliminations Consolidated
(in millions)
Net cash provided by operating activities from
continuing operations......................................... $ 32 $ 61 $ — $ 1,952 $ — $ 2,045
Net cash provided by operating activities from
discontinued operations ..................................... ———90—90
Net cash provided by operating activities......... 32 61 — 2,042 — 2,135
Cash flows from investing activities:
Capital expenditures ......................................... — — — (779) — (779)
Proceeds from sale of property / investments... ———15—15
Cost of business acquisitions, net of cash
acquired ........................................................ — — (345) — — (345)
Cost of technology investments........................ — — — (5) — (5)
Decrease in restricted cash ............................... — — — 2 — 2
Loans to affiliates ............................................. — (60) (1,075) (1,494) 2,629 —
Repayments of loans from affiliates................. — — 165 304 (469) —
Return of investments in subsidiaries............... — — 389 — (389) —
Net cash (used in) provided by investing
activities from continuing operations...... — (60) (866) (1,957) 1,771 (1,112)
Net cash used in investing activities from
discontinued operations........................... — — — (74) — (74)
Net cash used in investing activities ........... — (60) (866) (2,031) 1,771 (1,186)
Cash flows from financing activities:
Net proceeds from other short-term debt
agreements.................................................... — — — 7 — 7
Repayments under long-term debt agreements — — (164) — — (164)
Repayment of senior notes ............................... — — (526) — — (526)
Proceeds from issuance of senior notes, net of
issuance costs................................................ — — 691 — — 691
Dividend payments of consolidated affiliates
to minority shareholders ............................... — — — (73) — (73)
Proceeds from borrowings from affiliates........ 1,510 144 975 — (2,629) —
Payments on borrowings from affiliates........... (215) (144) (110) — 469 —
Capital distributions to affiliates....................... — — — (389) 389 —
Repurchase of ordinary shares.......................... (1,024) — — — — (1,024)
Distribution of cash dividends.......................... (301) — — — — (301)
Taxes withheld and paid on employees'
restricted share awards.................................. — — — (8) — (8)
Net cash (used in) provided by financing
activities .................................................. (30) — 866 (463) (1,771) (1,398)
Effect of exchange rate fluctuations on cash and
cash equivalents ................................................. — — — (36) — (36)
Increase (decrease) in cash and cash equivalents .. 2 1 — (488) — (485)
Cash and cash equivalents at beginning of year .... 7 — — 1,382 — 1,389
Cash and cash equivalents at end of year............... $ 9 $ 1 $ — $ 894 $ — $ 904
Cash and cash equivalents of discontinued
operations........................................................... $ — $ — $ — $ 45 $ — $ 45
Cash and cash equivalents of continuing
operations........................................................... $ 9 $ 1 $ — $ 849 $ — $ 859