Motorola 2001 Annual Report Download - page 31

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MOTOROLA, INC. AND SUBSIDIARIES 29
Operating
Net earnings (loss) $(3,937) $«1,318 $«÷«891
Adjustments to reconcile net earnings (loss) to
net cash provided by (used for) operating activities:
Depreciation and amortization 2,552 2,527 2,371
Charges for reorganization of businesses and other charges 5,998 1,483 1,893
Acquired in-process research and development charges 40 332 67
Gains on sales of investments and businesses (1,931) (1,570) (1,180)
Deferred income taxes (2,273) 239 (443)
Change in assets and liabilities, net of effects of
acquisitions and dispositions:
Accounts receivable 2,445 (1,471) (135)
Inventories 1,838 (2,305) (678)
Other current assets 249 (532) (16)
Accounts payable and accrued liabilities (3,030) (666) 361
Other assets and liabilities 25 (519) (991)
Net cash provided by (used for) operating activities 1,976 (1,164) 2,140
Investing
Acquisitions and investments, net (512) (1,912) (632)
Proceeds from dispositions of investments and businesses 4,063 1,433 2,556
Capital expenditures (1,321) (4,131) (2,856)
Proceeds from dispositions of property, plant and equipment 14 174 468
Sales (purchases) of short-term investments 233 345 (496)
Net cash provided by (used for) investing activities 2,477 (4,091) (960)
Financing
Net proceeds from (repayment of) commercial paper
and short-term borrowings (5,688) 3,884 (403)
Net proceeds from issuance of debt 4,167 1,190 501
Repayment of debt (305) (5) (47))
Issuance of preferred securities of subsidiary trust ––484
Issuance of common stock 362 383 544
Payment of dividends (356) (333) (291)
Net cash provided by (used for) financing activities (1,820) 5,119 788
Effect of exchange rate changes on cash and cash equivalents 148 (100) (33)
Net increase (decrease) in cash and cash equivalents $«2,781 $÷«(236) $«1,935
Cash and cash equivalents, beginning of year $«3,301 $«3,537 $«1,602
Cash and cash equivalents, end of year $«6,082 $«3,301 $«3,537
Cash flow information
Cash paid during the year for:
Interest $««««844 $÷««529 $÷««323
Income taxes $««««676 $÷««130 $÷««301
Consolidated statements of cash flows
In millions Years ended December 31, 2001 2000 1999