Emerson 2006 Annual Report Download - page 41
Download and view the complete annual report
Please find page 41 of the 2006 Emerson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.38 | 39
Consolidated Statements of Cash Flows
Years ended September 30 | Dollars in millions
See accompanying Notes to Consolidated Financial Statements.
2004 2005 2006
Net earnings $1,257 1,422
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization 557 562
Changes in operating working capital 322 110
Pension funding (167) (124)
Other 247 217
Net cash provided by operating activities 2,216 2,187
Capital expenditures (400) (518)
Purchases of businesses, net of cash and equivalents acquired (414) (366)
Other 126 (12)
Net cash used in investing activities (688) (896)
Net increase (decrease) in short-term borrowings (106) 320
Proceeds from long-term debt 29 251
Principal payments on long-term debt (16) (625)
Dividends paid (675) (694)
Purchases of treasury stock (149) (668)
Other (1) 15
Net cash used in financing activities (918) (1,401)
Effect of exchange rate changes on cash and equivalents 40 (3)
650 (113)
Beginning cash and equivalents 696 1,346
$1,346 1,233
Receivables $ (134) (261)
Inventories (8) 8
Other current assets 202 (44)
Accounts payable 123 161
Accrued expenses 114 77
Income taxes 25 169
$ 322 110