Ingram Micro 2000 Annual Report Download - page 40

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|.3 3
INGRAM MICRO
Fiscal Year
2 0 0 0 1 9 9 9 1 9 9 8
Cash Flows From Operating Activities:
N e t inco m e $ 2 2 6, 1 7 3 $ 1 8 3, 4 1 9 $ 2 4 5, 1 7 5
Adjustments to re concile net income to
cash provided (used) by operating activities:
D e p re c i a tion 8 6, 4 7 1 7 4, 7 0 1 5 7, 6 7 3
A m o r t i zation of goodwill 2 2, 0 3 9 2 2, 9 0 0 1 0, 2 6 9
D efe r red income taxe s 5 0, 7 5 7 2 2, 5 2 4 3, 5 3 2
P re-t ax gain on sale of ava i l a b l e-fo r-sale securities ( 1 1 1, 4 5 8 ) ( 2 0 1, 3 1 8 ) —
Gain on re p u rchase of debentures (net of tax) ( 2, 4 2 0 ) ( 3, 7 7 8 ) —
N o n cash co m p e n s ation charg e 2 , 9 2 2 2, 4 2 8 4, 5 6 2
N o n cash inte rest expense on debenture s 2 0, 2 2 3 2 6, 4 4 2 1 4, 2 4 8
Changes in operating assets and liabilities,
n e t of effects of acq u i s i t i o n s :
Changes in amounts sold under acco u n t s
re ce i vable pro g ra m s 6 4 7, 0 0 0 1 6 3, 0 0 0 ( 6 0, 0 0 0 )
A c counts re ce i va b l e ( 1 4 1, 7 5 7 ) ( 2 5 7, 2 6 6 ) ( 7 2 6, 7 2 7 )
I n ve n to r i e s 5 5 6, 2 2 2 ( 3 0 7, 9 4 0 ) ( 4 4 5, 3 2 4 )
Other current asset s 5 3, 8 5 0 ( 1 0 1, 1 2 7 ) ( 1 7, 4 7 3 )
A c counts paya b l e ( 6 1 4, 3 9 8 ) 8 9 9, 5 7 4 6 9 4, 8 8 0
A c crued ex p e n s e s 4 0, 7 8 2 4 9, 4 4 9 ( 5 9, 3 4 8 )
Cash provided (used) by operating activities 8 3 6, 4 0 6 5 7 3, 0 0 8 ( 2 7 8, 5 3 3 )
Cash Flows From Investing Activities:
P u r chase of property and equipment ( 1 4 6, 1 0 4 ) ( 1 3 5, 2 6 0 ) ( 1 4 3, 2 3 6 )
P ro c eeds from sale of property and equipment 1 6, 4 0 0 1 0, 4 3 3 7 5, 3 2 1
A cq u i s i t i o n s , net of cash acq u i re d ( 4, 6 2 0 ) ( 2 4 1, 9 2 8 ) ( 9 6, 5 5 0 )
P u r chase of ava i l a b l e- fo r-sale securities — — ( 5 0, 2 6 2 )
N e t pro ceeds from sale of ava i l a b l e -fo r -sale securities 1 1 9, 2 2 8 2 3 0, 1 0 9 —
O t h e r ( 4, 3 8 5 ) ( 1, 7 9 5 ) ( 3, 8 6 7 )
Cash used by investing activities ( 1 9, 4 8 1 ) ( 1 3 8, 4 4 1 ) ( 2 1 8, 5 9 4 )
Cash Flows From Financing Activities:
Re p u rchase of Redeemable Class B Common Sto c k ( 8 9 ) ( 1 0 7 ) ( 6 5 0 )
Ex e rcise of stock options including tax benef i t s 1 3, 0 6 8 2 0, 8 3 2 9 3, 8 6 3
P ro c eeds from issuance of co nvertible debenture s,
n e t of issuance co s t s — — 4 4 9, 6 0 4
Re p u rchase of co nvertible debenture s ( 2 3 1, 3 3 0 ) ( 5 0, 3 2 1 ) —
( Re p ayment of) pro ceeds from debt ( 1 5 6, 2 3 2 ) 1 2 3, 9 9 9 ( 8 0, 6 8 9 )
N e t (re p ayments) borrowings under
revolving credit fa c i l i t i e s ( 4 2 8, 0 5 3 ) ( 5 0 8, 2 5 0 ) 3 4, 9 7 8
Cash (used) provided by financing activities ( 8 0 2, 6 3 6 ) ( 4 1 3, 8 4 7 ) 4 9 7, 1 0 6
E f fect of exchange rate changes on ca s h 8, 1 1 9 1 0, 7 5 0 4, 4 9 1
I n c rease in ca s h 2 2, 4 0 8 3 1, 4 7 0 4, 4 7 0
Cash, beginning of yea r 1 2 8, 1 5 2 9 6, 6 8 2 9 2, 2 1 2
Cash, end of yea r $ 1 5 0, 5 6 0 $ 1 2 8, 1 5 2 $ 9 6, 6 8 2
Supplemental Disclosure of Cash Flow Info r m at i o n :
Cash payments during the yea r :
I n te re s t $ 7 2, 9 5 3 $ 7 2, 3 4 3 $ 6 1, 7 0 6
I n c ome taxes 4 0, 4 3 8 9 6, 6 8 2 1 0 9, 1 0 8
See accompanying notes to these consolidated financial statements.
Co n s o l i d a ted St a t e m e nt of Cash Fl ow s
( D o llars in 000s)