Symantec 2013 Annual Report Download - page 149

Net cash provided by operating activities was $1.8 billion for fiscal 2011, which resulted from net income of
$593 million adjusted for non-cash items, including depreciation and amortization charges of $743 million and
stock-based compensation expense of $145 million, and an increase in deferred revenue of $442 million. These
amounts were partially offset by a decrease in income taxes payable of $128 million.
Investing activities
Net cash used in investing activities was $319 million for fiscal 2013 and was primarily due to payments of
$336 million for capital expenditures, partially offset by $46 million in net proceeds from the sale of our short-
term investments.
Net cash used in investing activities was $318 million for fiscal 2012, which was used to pay for fiscal 2012
acquisitions, net of cash acquired, of $508 million, payments of $286 million for capital expenditures, and $47
million in purchases of short-term investments, partially offset by the gross proceeds from the sale of the joint
venture of $530 million.
Net cash used in investing activities of $1.8 billion for fiscal 2011 was due to $1.5 billion of payments for
our fiscal 2011 acquisitions, net of cash acquired, and $268 million paid for capital expenditures.
Financing activities
Net cash provided by financing activities of $308 million for fiscal 2013 was primarily due to the proceeds
from our issuance of $600 million in principal amount of 2.75% interest-bearing senior notes due June 2017 and
$400 million in principal amount of 3.95% interest-bearing senior notes due June 2022, net of discount, of $996
million, and net proceeds from sales of common stock through employee stock plans of $281 million, partially
offset by repurchases of our common stock of $826 million and the purchase of additional equity interest in
subsidiary of $111 million.
Net cash used in financing activities was $1.4 billion for fiscal 2012, which was due to the repurchases of
our common stock of $893 million and repayment of our debt and other obligations of $607 million under the
0.75% notes, partially offset by net proceeds from sales of common stock through employee stock plans of $147
million.
Net cash used in financing activities of $184 million for fiscal 2011 was primarily due to repurchases of
common stock of $872 million and repayment of our debt and other obligations of $513 million, partially offset
by proceeds from debt issuance, net of discount, of $1.1 billion and net proceeds from sales of common stock
through employee stock plans of $122 million.
Contractual obligations
The following is a schedule by years of our significant contractual obligations as of March 29, 2013:
Payments Due by Period
Total
Fiscal
2014
Fiscal 2015
and 2016
Fiscal 2017
and 2018
Fiscal 2019
and Thereafter Other
(In millions)
Senior Notes(1) .......................... $2,100 $ — $350 $600 $1,150 $ —
Interest payments on Senior Notes(1) ......... 474 73 143 114 144 —
Convertible Senior Notes(2) ................ 1,000 1,000 — — — —
Interest payments on Convertible Senior
Notes(2) .............................. 2 2 — — — —
Purchase obligations(3) .................... 440 391 43 6 — —
Operating leases(4) ....................... 420 97 131 88 104 —
Uncertain tax positions(5) .................. 318 — — — — 318
Total .................................. $4.754 $1.563 $667 $808 $1,398 $318
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