Tyson Foods 2006 Annual Report Download - page 27

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Three years ended September 30, 2006
in millions 2006 2005 2004
Cash Flows From Operating Activities:
Net income (loss) $ (196) $ 372 $ 403
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation 481 465 458
Amortization 36 36 32
Plant closing related charges 51 10 28
Impairment and write-down of assets 18 25 46
Deferred taxes (130) (93) 8
Cumulative effect of change in accounting principle, before tax 9– –
Other, net (21) (2) 4
Decrease in accounts receivable 43 24 67
(Increase) decrease in inventories 813 (65)
Increase (decrease) in trade accounts payable (43) 11 109
Net change in other current assets and liabilities 31 138 (158)
Cash Provided by Operating Activities 287 999 932
Cash Flows From Investing Activities:
Additions to property, plant and equipment (531) (571) (486)
Proceeds from sale of assets 21 47 27
Purchases of marketable securities (191) (543) (99)
Proceeds from marketable securities 214 504 –
Purchase of short-term investment (750) – –
Other, net 13 2 (42)
Cash Used for Investing Activities (1,224) (561) (600)
Cash Flows From Financing Activities:
Payments of debt, net (8) (720) (242)
Net proceeds from borrowings of debt 992 353 –
Purchase of treasury shares (42) (45) (72)
Dividends (55) (55) (55)
Stock options exercised and other 42 24 43
Cash Provided by (Used for) Financing Activities 929 (443) (326)
Effect of Exchange Rate Change on Cash (4) 12 2
Increase (Decrease) in Cash and Cash Equivalents (12) 7 8
Cash and Cash Equivalents at Beginning of Year 40 33 25
Cash and Cash Equivalents at End of Year $ 28 $ 40 $ 33
See accompanying notes.
Ty s o n F o o d s , I n c . 2 0 0 6 A n n u a l R e p o r t 25
Consolidated Statements of Cash Flows