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 
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Cash Flows from Financing Activities
 1HWFDVKSURYLGHGE\XVHGLQILQDQFLQJDFWLYLWLHVIRUWKH\HDUHQGHG'HFHPEHUZDVPLOOLRQFRPSDUHG
WRELOOLRQIRUWKH\HDUHQGHG'HFHPEHU7KHLQFUHDVHLQFDVKSURYLGHGE\ILQDQFLQJDFWLYLWLHVIRUWKH\HDU
HQGHG'HFHPEHUDVFRPSDUHGWRWKHSULRU\HDUZDVSULPDULO\DUHVXOWRIDPLOOLRQQHWLQFUHDVHLQGHEW
SULPDULO\DUHVXOWRIERUURZLQJVRIPLOOLRQIURPRXUVHQLRUQRWHVRIIHULQJLQ0DUFK6HQLRU1RWHVSDUWLDOO\
RIIVHWE\WKHPLOOLRQUHSD\PHQWRIRXUIORDWLQJUDWHVHQLRUQRWHVGXH0DUFKDQGDPLOOLRQGHFUHDVHLQ
UHSXUFKDVHVRIRXUFRPPRQVWRFNDVGLVFXVVHGLQShare RepurchasesEHORZ7KHVHLQFUHDVHVLQFDVKSURYLGHGE\ILQDQFLQJ
DFWLYLWLHVZHUHSDUWLDOO\RIIVHWE\DPLOOLRQGHFUHDVHLQSURFHHGVIURPWKHH[HUFLVHRIVWRFNRSWLRQV
 $OORIWKHERUURZLQJVLQXQGHURXUVHFXUHGUHFHLYDEOHVFUHGLWIDFLOLW\DQGVHQLRUXQVHFXUHGUHYROYLQJFUHGLW
IDFLOLW\ZHUHUHSDLGLQ
 7KH6HQLRU1RWHVDUHIXUWKHUGHVFULEHGLQ1RWHWRWKHFRQVROLGDWHGILQDQFLDOVWDWHPHQWV
 1HWFDVKXVHGLQILQDQFLQJDFWLYLWLHVIRUWKH\HDUHQGHG'HFHPEHUZDVELOOLRQFRPSDUHGWRPLOOLRQ
IRUWKH\HDUHQGHG'HFHPEHU7KHLQFUHDVHLQFDVKXVHGLQILQDQFLQJDFWLYLWLHVIRUWKH\HDUHQGHG'HFHPEHU
DVFRPSDUHGWRWKHSULRU\HDUZDVSULPDULO\DUHVXOWRIDPLOOLRQLQFUHDVHLQUHSXUFKDVHVRIRXUFRPPRQVWRFNSULPDULO\
DVVRFLDWHGZLWKLQFUHDVHGUHSXUFKDVHVLQXQGHUWKH$SULODQG6HSWHPEHUDFFHOHUDWHGVKDUHUHSXUFKDVH
DJUHHPHQWVDVGLVFXVVHGLQShare RepurchasesEHORZDQGDPLOOLRQLQFUHDVHLQGLYLGHQGVSDLGSULPDULO\DVVRFLDWHGZLWK
WKHLQFUHDVHLQWKHGLYLGHQGUDWHLQDVGLVFXVVHGLQDividendsEHORZ7KHVHLQFUHDVHVLQFDVKXVHGLQILQDQFLQJDFWLYLWLHV
ZHUHSDUWLDOO\RIIVHWE\DPLOOLRQLQFUHDVHLQSURFHHGVIURPERUURZLQJVDQGDPLOOLRQGHFUHDVHLQUHSD\PHQWVRI
GHEW
 7KHUHSXUFKDVHVRIRXUFRPPRQVWRFNLQZHUHODUJHO\IXQGHGE\WKHSURFHHGVIURPWKH,EUXWLQLE6DOHDQGWKH
+HPR&XHDQG(QWHUL[VDOHV
 7KHLQFUHDVHLQSURFHHGVIURPERUURZLQJVZDVSULPDULO\DVVRFLDWHGZLWKERUURZLQJXQGHURXUVHFXUHGUHFHLYDEOHV
FUHGLWIDFLOLW\7KHGHFUHDVHLQUHSD\PHQWVRIGHEWZDVSULPDULO\DVVRFLDWHGZLWKWKHPLOOLRQUHSD\PHQWRIRXUWHUPORDQ
GXHLQZKLFKZDVSDUWLDOO\RIIVHWE\DQLQFUHDVHLQUHSD\PHQWVDVVRFLDWHGZLWKRXUVHFXUHGUHFHLYDEOHVFUHGLWIDFLOLW\
Dividends
 'XULQJHDFKRIWKHTXDUWHUVRIRXU%RDUGRI'LUHFWRUVGHFODUHGDTXDUWHUO\FDVKGLYLGHQGRISHUFRPPRQ
VKDUH'XULQJHDFKRIWKHTXDUWHUVRIRXU%RDUGRI'LUHFWRUVGHFODUHGDTXDUWHUO\FDVKGLYLGHQGRISHUFRPPRQ
VKDUH'XULQJHDFKRIWKHILUVWWKUHHTXDUWHUVLQRXU%RDUGRI'LUHFWRUVGHFODUHGDTXDUWHUO\FDVKGLYLGHQGRISHU
FRPPRQVKDUHDQGLQ1RYHPEHUGHFODUHGDQLQFUHDVHLQWKHTXDUWHUO\FDVKGLYLGHQGIURPSHUFRPPRQVKDUHWR
SHUFRPPRQVKDUH
  2Q-DQXDU\ZHDQQRXQFHGWKDWRXU%RDUGRI'LUHFWRUVDXWKRUL]HGDLQFUHDVHLQRXUTXDUWHUO\GLYLGHQG
IURPSHUVKDUHWRSHUVKDUHRUDQQXDOO\FRPPHQFLQJZLWKWKHGLYLGHQGSD\DEOHLQ$SULO
 :HH[SHFWWRIXQGIXWXUHGLYLGHQGSD\PHQWVZLWKFDVKIORZVIURPRSHUDWLRQVDQGGRQRWH[SHFWWKHGLYLGHQGWRKDYHD
PDWHULDOLPSDFWRQRXUDELOLW\WRILQDQFHIXWXUHJURZWK
Share Repurchases
 ,Q$XJXVWRXU%RDUGRI'LUHFWRUVDXWKRUL]HGWKHUHSXUFKDVHRIDQDGGLWLRQDOELOOLRQRIRXUFRPPRQVWRFN
LQFUHDVLQJWKHWRWDODYDLODEOHDXWKRUL]DWLRQDWWKDWWLPHWRELOOLRQ7KLVVKDUHUHSXUFKDVHDXWKRUL]DWLRQKDVQRVHWH[SLUDWLRQ
RUWHUPLQDWLRQGDWH$W'HFHPEHUPLOOLRQUHPDLQHGDYDLODEOHXQGHUWKHVKDUHUHSXUFKDVHDXWKRUL]DWLRQ
 ,Q-DQXDU\RXU%RDUGRI'LUHFWRUVDXWKRUL]HGWKHUHSXUFKDVHRIDQDGGLWLRQDOELOOLRQRIRXUFRPPRQVWRFN
LQFUHDVLQJWKHWRWDODYDLODEOHDXWKRUL]DWLRQDWWKDWWLPHWRELOOLRQ
 )RUWKH\HDUHQGHG'HFHPEHUZHUHSXUFKDVHGPLOOLRQVKDUHVRIRXUFRPPRQVWRFNDWDQDYHUDJHSULFHRI
SHUVKDUHIRUDWRWDORIPLOOLRQ
 2Q$SULODQG6HSWHPEHUZHHQWHUHGLQWRDFFHOHUDWHGVKDUHUHSXUFKDVHDJUHHPHQWV$65ZLWK
ILQDQFLDOLQVWLWXWLRQVWRUHSXUFKDVHPLOOLRQDQGPLOOLRQUHVSHFWLYHO\RIRXUFRPPRQVWRFNDVSDUWRIRXU&RPPRQ
48(67',$*1267,&6)250
.