Medtronic 2016 Annual Report Download - page 137
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Table of Contents
Medtronic plc
Notes to Consolidated Financial Statements (Continued)
134
Condensed Consolidating Statement of Cash Flows
Fiscal Year Ended April 29, 2016
Medtronic Senior 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 (used in)
operating activities $ 297 $ 402 $ 696 $ 4,635 $ (812) $ 5,218
Investing Activities:
Acquisitions, net of cash acquired — (526) — (687) — (1,213)
Additions to property, plant, and equipment — (334) — (712) — (1,046)
Purchases of marketable securities — — — (5,406) — (5,406)
Sales and maturities of marketable securities — — — 9,924 — 9,924
Net (increase) decrease in intercompany loans
receivable — (2,368) (203) (7,921) 10,492 —
Capital contributions paid — (11) (4,959) (4,900) 9,870 —
Other investing activities, net — — — (14) — (14)
Net cash provided by (used in) investing
activities — (3,239) (5,162) (9,716) 20,362 2,245
Financing Activities:
Acquisition-related contingent consideration — — — (22) — (22)
Change in short-term borrowings, net — — — 7 — 7
Repayment of short-term borrowings
(maturities greater than 90 days) — — (139) — — (139)
Proceeds from short-term borrowings
(maturities greater than 90 days) — — 139 — — 139
Issuance of long-term debt — — — — — —
Payments on long-term debt — (2,988) — (2,144) — (5,132)
Dividends to shareholders (2,139) — — — — (2,139)
Issuance of ordinary shares 491 — — — — 491
Repurchase of ordinary shares (2,830) — — — — (2,830)
Net intercompany loan borrowings
(repayments) 3,918 (91) 4,296 2,369 (10,492) —
Intercompany dividend paid — — — (812) 812 —
Capital contributions received — 4,900 — 4,970 (9,870) —
Other financing activities — — — 82 — 82
Net cash provided by (used in)
financing activities (560) 1,821 4,296 4,450 (19,550) (9,543)
Effect of exchange rate changes on cash and
cash equivalents — — — 113 — 113
Net change in cash and cash equivalents (263) (1,016) (170) (518) — (1,967)
Cash and cash equivalents at beginning of
period 263 1,071 170 3,339 — 4,843
Cash and cash equivalents at end of period $ — $ 55 $ — $ 2,821 $ — $ 2,876