Tyson Foods 2006 Annual Report Download - page 43

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Condensed Consolidating Statement of Cash Flows for the year ended September 30, 2006
Non-Guarantor
in millions TFI Parent TFM Parent Subsidiaries Eliminations Total
Cash Flows From Operating Activities:
Net income (loss) $(196) $(159) $ 186 $(27) $ (196)
Depreciation and amortization 33 138 346 – 517
Plant closing related charges – 38 13 – 51
Impairment and write-down of assets – 3 15 – 18
Equity in net earnings of subsidiaries (14) (13) – 27 –
Dividends received 60 – – (60) –
Cumulative effect of change in accounting principle, before tax – 2 7 – 9
Deferred taxes and other 9 (46) (114) – (151)
Net changes in working capital 210 111 (282) – 39
Cash Provided by Operating Activities 102 74 171 (60) 287
Cash Flows From Investing Activities:
Additions to property, plant and equipment (81) (153) (297) – (531)
Purchases of marketable securities (750) – (191) – (941)
Proceeds of marketable securities – – 214 – 214
Other, net 29 (15) 20 – 34
Cash Used for Investing Activities (802) (168) (254) – (1,224)
Cash Flows From Financing Activities:
Payments of debt, net 95 (101) (2) – (8)
Net proceeds from borrowings of debt 992 – – – 992
Purchase of treasury shares (42) – – – (42)
Dividends (55) – (60) 60 (55)
Stock options exercised and other 32 (6) 16 – 42
Net change in intercompany balances (326) 201 125 – –
Cash Provided by Financing Activities 696 94 79 60 929
Effect of Exchange Rate Change on Cash – – (4) – (4)
Decrease in Cash and Cash Equivalents (4) – (8) – (12)
Cash and Cash Equivalents at Beginning of Year 6 1 33 – 40
Cash and Cash Equivalents at End of Year $ 2 $ 1 $ 25 $ – $ 28
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 41
Notes to Consolidated Financial Statements continued