Tyson Foods 2000 Annual Report Download - page 34

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CONSOLIDATED STATEMENTS OF CASH FLOWS
TYSON FOODS, INC. 2000 ANNUAL REPORT
in millions
Three years ended September 30, 2000 2000 1999 1998
Cash Flows From Operating Activities:
Net income $ 151 $ 230 $ 25
Adjustments to reconcile net income to
cash provided by operating activities:
Depreciation 257 255 243
Amortization 34 36 33
Amortization of deferred compensation 3––
Provision for doubtful accounts 25 16 2
Asset impairment and other charges –77 215
Deferred income taxes 47 (13) (145)
Minority interest –12 –
Foreign currency exchange loss –(3) –
Loss (gain) on dispositions of property, plant and equipment 4(1) (2)
Decrease in accounts receivable 57 931
Decrease (increase) in inventories 84 (99) 80
(Decrease) increase in trade accounts payable (46) 21 (7)
Net change in other current assets and liabilities (29) 721
Cash Provided by Operating Activities 587 547 496
Cash Flows From Investing Activities:
Net cash paid for acquisitions –– (259)
Additions to property, plant and equipment (196) (363) (310)
Proceeds from sale of assets 4234 136
Net change in other assets and liabilities (14) (37) (13)
Cash Used for Investing Activities (206) (166) (446)
Cash Flows From Financing Activities:
Decrease in notes payable (4) (19) (74)
Proceeds from long-term debt 776 1,027
Repayments of long-term debt (266) (382) (955)
Purchase of treasury shares (69) (52) (22)
Other (34) (18) (3)
Cash Used for Financing Activities (366) (395) (27)
Effect of Exchange Rate Change on Cash (2) (2) –
Increase (Decrease) in Cash and Cash Equivalents 13 (16) 23
Cash and Cash Equivalents at Beginning of Year 30 46 23
Cash and Cash Equivalents at End of Year $43 $30 $ 46
see accompanying notes
32