Tyson Foods 2003 Annual Report Download - page 51

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Tyson Foods, Inc. 49
notes to consolidated financial statements
TYSON FOODS, INC. 2003 ANNUAL REPORT
Condensed Consolidating Statement of Cash Flows for year ended September 28, 2002
in millions Tyson IBP Adjustments Consolidated
Cash Flows From Operating Activities:
Net income $ 117 $ 266 $ – $ 383
Depreciation and amortization 295 172 467
Write-down of intangible asset – 27 27
Gain on sale of subsidiary – (22) (22)
Deferred taxes (19) 41 22
Other 7 13 20
Net changes in working capital 680 (403) 277
Cash Provided by Operating Activities 1,080 94 1,174
Cash Flows From Investing Activities:
Additions to property, plant and equipment (272) (161) (433)
Proceeds from sale of assets 12 2 14
Proceeds from sale of subsidiary – 131 131
Acquisitions of property, plant and equipment (73) – (73)
Net change in investment in commercial paper 94 – 94
Net change in other assets and liabilities (73) 12 (61)
Cash Used for Investing Activities (312) (16) (328)
Cash Flows From Financing Activities:
Net change in debt (701) (88) (789)
Purchase of treasury shares (19) – (19)
Dividends and other (54) (4) (58)
Cash Used for Financing Activities (774) (92) (866)
Effect of Exchange Rate Change on Cash 1 – 1
Decrease in Cash and Cash Equivalents (5) (14) (19)
Cash and Cash Equivalents at Beginning of Year 47 23 70
Cash and Cash Equivalents at End of Year $ 42 $ 9 $ – $ 51