Tyson Foods 2006 Annual Report Download - page 44

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Condensed Consolidating Statement of Cash Flows for the year ended October 1, 2005
Non-Guarantor
in millions TFI Parent TFM Parent Subsidiaries Eliminations Total
Cash Flows From Operating Activities:
Net income (loss) $ 372 $ 141 $ 367 $(508) $ 372
Depreciation and amortization 33 130 338 – 501
Plant closing related charges – – 10 – 10
Impairment and write-down of assets 3 – 22 – 25
Equity in net earnings of subsidiaries (333) (175) – 508 –
Deferred taxes and other, net (49) 1 (47) – (95)
Net changes in working capital 59 (81) 208 – 186
Cash Provided by Operating Activities 85 16 898 – 999
Cash Flows From Investing Activities:
Additions to property, plant and equipment (3) (124) (444) – (571)
Purchases of marketable securities – – (543) – (543)
Proceeds of marketable securities – – 504 – 504
Other, net (17) 5 61 – 49
Cash Used for Investing Activities (20) (119) (422) – (561)
Cash Flows From Financing Activities:
Payments of debt, net (709) – (11) – (720)
Net proceeds from borrowings of debt – – 353 – 353
Purchase of treasury shares (45) – – – (45)
Dividends (55) – – – (55)
Stock options exercised and other 21 3 – – 24
Net change in intercompany balances 723 95 (818) – –
Cash Provided by (Used for) Financing Activities (65) 98 (476) – (443)
Effect of Exchange Rate Change on Cash – – 12 – 12
Increase (Decrease) in Cash and Cash Equivalents – (5) 12 – 7
Cash and Cash Equivalents at Beginning of Year 6 6 21 – 33
Cash and Cash Equivalents at End of Year $ 6 $ 1 $ 33 $ – $ 40
42 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
Notes to Consolidated Financial Statements continued