DIRECTV 2002 Annual Report Download - page 130

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HUGHES ELECTRONICS CORPORATION
SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT — (continued)
CONDENSED STATEMENTS OF CASH FLOWS
(Parent Company Only)
Years Ended December 31,
2002 2001 2000
(Dollars in Millions)
Cash Flows from Operating Activities
NetCashProvidedby(Usedin)OperatingActivities .......... $ 598.5 $ (148.7) $ (58.7)
Cash Flows from Investing Activities
Net investments in subsidiaries ............................... (216.7) (1,080.6) 2,467.8
Net (increase) decrease in loans to subsidiaries .................. 108.3 (194.2) (127.5)
Proceeds from sale of investments ............................ — 71.1 38.3
Net Cash Provided by (Used in) Investing Activities ........... (108.4) (1,203.7) 2,378.6
Cash Flows from Financing Activities
Net increase (decrease) in notes and loans payable .............. (243.7) 750.0 (499.0)
Long-term debt borrowings ................................... — — 3,973.5
Repayment of long-term debt ................................. — — (4,473.5)
Debt issuance costs ........................................ (44.0) — —
Stock options exercised ..................................... 7.4 14.5 57.0
Preferred stock dividends paid to General Motors ................ (68.7) (93.7) (93.8)
Payment of Raytheon settlement .............................. (134.2) (500.0) —
Net Cash Provided by (Used in) Financing Activities .......... (483.2) 170.8 (1,035.8)
Net increase (decrease) in cash and cash equivalents ............ 6.9 (1,181.6) 1,284.1
Cash and cash equivalents at beginning of the year .............. 232.1 1,413.7 129.6
Cash and cash equivalents at the end of the year ................ $ 239.0 $ 232.1 $ 1,413.7
Reference should be made to the Notes to the Condensed Financial Statements.
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