Tyson Foods 2008 Annual Report Download - page 48

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46 Tyson Foods, Inc.
Notes to Consolidated Financial Statements (continued)
Condensed Consolidating Balance Sheet as of September 29, 2007
Non-Guarantor
in millions TFI Parent TFM Parent Subsidiaries Eliminations Total
Assets
Current Assets:
Cash and cash equivalents $ 3 $ – $ 39 $ – $ 42
Accounts receivable, net 1 557 1,461 (773) 1,246
Inventories – 674 1,485 – 2,159
Other current assets 79 32 18 (59) 70
Assets of discontinued operation held for sale – – 164 – 164
Total Current Assets 83 1,263 3,167 (832) 3,681
Net Property, Plant and Equipment 44 1,015 2,549 – 3,608
Goodwill – 1,499 986 – 2,485
Intangible Assets – 57 69 – 126
Other Assets 137 113 139 (62) 327
Investment in subsidiaries 8,243 976 – (9,219) –
Total Assets $8,507 $4,923 $6,910 $(10,113) $10,227
Liabilities and Shareholders’ Equity
Current Liabilities:
Current debt $ 120 $ – $ 17 $ – $ 137
Trade accounts payable 79 517 454 – 1,050
Other current liabilities 1,008 143 609 (832) 928
Total Current Liabilities 1,207 660 1,080 (832) 2,115
Long-Term Debt 2,355 255 32 – 2,642
Deferred Income Taxes – 168 261 (62) 367
Other Liabilities 214 94 64 – 372
Shareholders’ Equity 4,731 3,746 5,473 (9,219) 4,731
Total Liabilities and Shareholders’ Equity $8,507 $4,923 $6,910 $(10,113) $10,227
Condensed Consolidating Statement of Cash Flows for the year ended September 27, 2008
Non-Guarantor
in millions TFI Parent TFM Parent Subsidiaries Eliminations Total
Cash Provided by (Used for) Operating Activities $(236) $ 271 $ 268 $(15) $ 288
Cash Flows From Investing Activities:
Additions to property, plant and equipment 6 (104) (327) – (425)
Proceeds from sale of investments 14 7 1 – 22
Purchases of marketable securities, net (1) – (2) – (3)
Other, net 5 4 (2) – 7
Cash Provided by (Used for) Investing Activities 24 (93) (330) – (399)
Cash Flows From Financing Activities:
Net change in debt 145 (5) (51) – 89
Net proceeds from Class A stock offering 274 – – – 274
Convertible note hedge transactions (94) – – – (94)
Warrant transactions 44 – – – 44
Purchase of treasury shares (30) – – – (30)
Dividends (56) – (15) 15 (56)
Other, net 72 2 20 – 94
Net change in intercompany balances (6) (175) 181 – –
Cash Provided by (Used for) Financing Activities 349 (178) 135 15 321
Effect of Exchange Rate Change on Cash – – (2) – (2)
Increase in Cash and Cash Equivalents 137 – 71 – 208
Cash and Cash Equivalents at Beginning of Year 3 – 39 – 42
Cash and Cash Equivalents at End of Year $ 140 $ – $ 110 $ – $ 250