Medtronic 2015 Annual Report Download - page 149

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Medtronic plc
Notes to Consolidated Financial Statements (Continued)
Condensed Consolidating Statement of Cash Flows
Fiscal Year Ended April 26, 2013
Medtronic 2015 Senior Notes and Medtronic Outstanding Notes
(in millions)
Parent
Company
Guarantor
(Medtronic
plc)
Subsidiary
Issuer
(Medtronic,
Inc.)
Subsidiary
Guarantors
Subsidiary
Non-
guarantors
Consolidating
Adjustments Total
Operating Activities:
Net cash provided by operating
activities $ — $ 2,298 $ — $ 2,644 $ — $ 4,942
Investing Activities:
Acquisitions, net of cash acquired — — — (820) — (820)
Additions to property, plant, and equipment — (119) — (338) — (457)
Purchases of marketable securities — — — (12,321) — (12,321)
Sales and maturities of marketable securities — — — 10,511 — 10,511
Net decrease in intercompany loans ———17 (17) —
Increase in investment in subsidiary ———— — —
Other investing activities, net — — — (14) — (14)
Net cash used in investing activities — (119) — (2,965) (17) (3,101)
Financing Activities:
Acquisition-related contingent consideration — — — (18) — (18)
Change in short-term borrowings, net — (699) — (21) — (720)
Repayment of short-term borrowings
(maturities greater than 90 days) — (2,700) — — — (2,700)
Proceeds from short-term borrowings
(maturities greater than 90 days) — 2,628 — — — 2,628
Issuance of long-term debt — 2,980 — — — 2,980
Payments on long-term debt — (2,214) — — — (2,214)
Dividends to shareholders — (1,055) — — — (1,055)
Issuance of ordinary shares — 267 — — — 267
Repurchase of ordinary shares — (1,247) — — — (1,247)
Net intercompany loan borrowings
(repayments) — (17) — — 17 —
Other financing activities — (22) — — — (22)
Net cash used in financing activities — (2,079) — (39) 17 (2,101)
Effect of exchange rate changes on cash and
cash equivalents — — — 7 — 7
Net change in cash and cash equivalents — 100 — (353) — (253)
Cash and cash equivalents at beginning of
period — 96 — 1,076 — 1,172
Cash and cash equivalents at end of
period $ — $ 196 $ — $ 723 $ — $ 919
139