Motorola 2015 Annual Report Download - page 53

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52
Consolidated Statements of Cash Flows
Years ended December 31
(In millions) 2015 2014 2013
Operating
Net earnings attributable to Motorola Solutions, Inc. $610$1,299 $1,099
Earnings attributable to noncontrolling interests 316
Net earnings 613 1,300 1,105
Earnings (loss) from discontinued operations, net of tax (30) 1,996 166
Earnings (loss) from continuing operations, net of tax 643 (696) 939
Adjustments to reconcile earnings (loss) from continuing operations to net cash provided by (used
for) operating activities:
Depreciation and amortization 150 173 158
Non-cash other charges (income) 52 —(14)
Non-U.S. pension curtailment gain (32) ——
Gain on sale of building and land —(21) —
Loss on pension plan settlement —1,883 —
Share-based compensation expense 78 94 120
Gains on sales of investments and businesses, net (107) (5) (37)
Loss from the extinguishment of long-term debt —37 —
Deferred income taxes 160 (557)(334)
Changes in assets and liabilities, net of effects of acquisitions, dispositions, and foreign currency
translation adjustments:
Accounts receivable 21 (62) (36)
Inventories 16 (5) (8)
Other current assets 92 (47) 50
Accounts payable and accrued liabilities 10 (120)(232)
Other assets and liabilities (78) (1,359)(51)
Net cash provided by (used for) operating activities from continuing operations 1,005 (685) 555
Investing
Acquisitions and investments, net (586) (47) (57)
Proceeds from sales of investments and businesses, net 230 3,403 61
Capital expenditures (175) (181)(169)
Proceeds from sales of property, plant and equipment 333 66
Proceeds from sales of Sigma Fund investments and short-term investments, net ——2,133
Net cash provided by (used for) investing activities from continuing operations (528) 3,208 2,034
Financing
Repayment of debt (4) (465)(4)
Net proceeds from issuance of debt 971 1,375 593
Issuance of common stock 100 135 165
Purchase of common stock (3,177) (2,546)(1,694)
Excess tax benefit from share-based compensation 511 25
Payment of dividends (277) (318)(292)
Distributions from discontinued operations —93 365
Net cash used for financing activities from continuing operations (2,382) (1,715)(842)
Discontinued Operations
Net cash provided by operating activities from discontinued operations —95 389
Net cash provided by (used for) investing activities from discontinued operations —4(24)
Net cash used for financing activities from discontinued operations —(93) (365)
Effect of exchange rate changes on cash and cash equivalents from discontinued operations —(6) —
Net cash provided by discontinued operations ———
Effect of exchange rate changes on cash and cash equivalents from continuing operations (69) (79) 10
Net increase (decrease) in cash and cash equivalents (1,974) 729 1,757
Cash and cash equivalents, beginning of period 3,954 3,225 1,468
Cash and cash equivalents, end of period $1,980$3,954 $3,225
Supplemental Cash Flow Information
Cash paid during the period for:
Interest, net $163$ 128 $ 122
Income and withholding taxes, net of refunds 105 105 246
See accompanying notes to consolidated financial statements.