Emerson 2008 Annual Report Download - page 40
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Please find page 40 of the 2008 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.A Powerful Force for Innovation [ 33 ]
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended September 30 | Dollars in millions
See accompanying Notes to Consolidated Financial Statements.
2006 2007 2008
Net earnings $ 1,845 2,136
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization 607 656
Changes in operating working capital (152) 137
Pension funding (124) (136)
Other 336 223
Net cash provided by operating activities 2,512 3,016
Capital expenditures (601) (681)
Purchases of businesses, net of cash and equivalents acquired (752) (295)
Other 137 106
Net cash used in investing activities (1,216) (870)
Net increase (decrease) in short-term borrowings 89 (800)
Proceeds from long-term debt 6 496
Principal payments on long-term debt (266) (5)
Dividends paid (730) (837)
Purchases of treasury stock (862) (853)
Other 32 5
Net cash used in financing activities (1,731) (1,994)
Effect of exchange rate changes on cash and equivalents 12 46
(423) 198
Beginning cash and equivalents 1,233 810
$ 810 1,008
Receivables $ (246) (349)
Inventories (274) 96
Other current assets 36 36
Accounts payable 324 104
Accrued expenses 71 200
Income taxes (63) 50
$ (152) 137