Honeywell 2005 Annual Report Download - page 50
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Investing activities (2,010) (584) (680)
Financing activities (2,716) (1,223) (895)
Effect of exchange rate changes on cash (68) 190 305
Net (decrease) increase in cash and cash equivalents $ (2,352) $ 636 $ 929
Cash provided by operating activities increased by $189 million during 2005 compared with 2004 due primarily to increased cash
earnings and improvements in working capital (receivables, inventories and accounts payable) of $270 million partially offset by an
increase in asbestos liability payments, net of insurance receipts, of $139 million. Cash provided by operating activities increased by
$54 million during 2004 compared with 2003 due primarily to increased cash earnings and a decrease in voluntary
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