Tyson Foods 2003 Annual Report Download - page 52

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Condensed Consolidating Statement of Cash Flows for year ended September 29, 2001
in millions Tyson IBP Adjustments Consolidated
Cash Flows From Operating Activities:
Net income $ 70 $ 18 $ – $ 88
Depreciation and amortization 303 32 335
Deferred taxes (73) 26 (47)
Other 6 15 21
Net changes in working capital 128 (14) 114
Cash Provided by Operating Activities 434 77 511
Cash Flows From Investing Activities:
Additions to property, plant and equipment (214) (47) (261)
Proceeds from sale of assets 32 1 33
Net cash paid for IBP acquisition (1,707) 37 (1,670)
Purchase of Tyson de Mexico minority interest (19) – (19)
Net change in other assets and liabilities (95) (6) (101)
Cash Used for Investing Activities (2,003) (15) (2,018)
Cash Flows From Financing Activities:
Net change in debt 1,656 (72) 1,584
Purchase of treasury shares (48) – (48)
Proceeds from exercise of IBP stock options – 34 34
Dividends and other (34) (1) (35)
Cash Provided by (Used for) Financing Activities 1,574 (39) 1,535
Effect of Exchange Rate Change on Cash (1) – (1)
Increase in Cash and Cash Equivalents 4 23 27
Cash and Cash Equivalents at Beginning of Year 43 – 43
Cash and Cash Equivalents at End of Year $ 47 $ 23 $ – $ 70
50 Tyson Foods, Inc.
notes to consolidated financial statements
TYSON FOODS, INC. 2003 ANNUAL REPORT