Tyson Foods 2002 Annual Report Download - page 32

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consolidated
statements of
cash flows
p 30
Three years ended September 28, 2002
in millions
2002 2001 2000
Cash Flows From Operating Activities:
Net income $ 383 $ 88 $ 151
Adjustments to reconcile net income to cash provided
by operating activities:
Depreciation 431 294 257
Amortization 36 41 37
Write-down of intangible asset 27 ––
Gain on sale of subsidiary (22) ––
Deferred taxes 22 (47) 47
Other 16 19 29
(Increase) decrease in accounts receivable 48 (43) 57
(Increase) decrease in inventories (4) (15) 84
Increase (decrease) in trade accounts payable (30) 89 (46)
Net change in other current assets and liabilities 267 85 (29)
Cash Provided by Operating Activities 1,174 511 587
Cash Flows From Investing Activities:
Additions to property, plant and equipment (433) (261) (196)
Proceeds from sale of assets 14 33 4
Proceeds from sale of subsidiary 131 ––
Net cash paid for IBP acquisition –(1,670) –
Acquisitions of property, plant and equipment (73) (33) –
Purchase of Tyson de Mexico minority interest –(19) –
Net change in investment in commercial paper 94 (23) (2)
Net change in other assets and liabilities (61) (45) (12)
Cash Used for Investing Activities (328) (2,018) (206)
Cash Flows From Financing Activities:
Net change in debt (789) 1,584 (263)
Purchase of treasury shares (19) (48) (69)
Proceeds from exercise of IBP stock options –34 –
Dividends and other (58) (35) (34)
Cash Provided by (Used for) Financing Activities (866) 1,535 (366)
Effect of Exchange Rate Change on Cash 1(1) (2)
Increase (Decrease) in Cash and Cash Equivalents (19) 27 13
Cash and Cash Equivalents at Beginning of Year 70 43 30
Cash and Cash Equivalents at End of Year $51 $70 $43
See accompanying notes.
Tyson Foods, Inc. 2002 annual report