Tyson Foods 2009 Annual Report Download - page 41

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41
CONSOLIDATED STATEMENTS OF CASH FLOWS
Three years ended October 3, 2009
in millions
2009
2008
2007
Cash Flows From Operating Activities:
Net income (loss)
$
(537
)
$
86
$
268
Adjustments to reconcile net income (loss) to cash provided by operating
activities:
Depreciation
445
468
482
Amortization
51
25
32
Deferred taxes
(26
)
35
5
Impairment of goodwill
560
-
-
Impairment and write-down of assets
32
57
14
Other, net
68
26
(15
)
(Increase) decrease in accounts receivable
137
(59
)
(66
)
(Increase) decrease in inventories
493
(376
)
(166
)
Increase (decrease) in trade accounts payable
(148
)
98
91
Increase (decrease) in income taxes payable/receivable
33
(22
)
24
Decrease in interest payable
(60
)
-
(35
)
Net change in other current assets and liabilities
(23
)
(50
)
44
Cash Provided by Operating Activities
1,025
288
678
Cash Flows From Investing Activities:
Additions to property, plant and equipment
(368
)
(425
)
(285
)
Proceeds from sale of property, plant and equipment
9
26
76
Purchases of marketable securities
(37
)
(115
)
(131
)
Proceeds from sale of marketable securities
56
112
147
Proceeds from sale of investments
15
22
-
Proceeds from sale of short-term investment
-
-
770
Change in restricted cash to be used for investing activities
(43
)
-
-
Proceeds from sale of discontinued operation
75
-
-
Acquisitions, net of cash acquired
(93
)
(17
)
-
Other, net
(41
)
(2
)
2
Cash Provided by (Used for) Investing Activities
(427
)
(399
)
579
Cash Flows From Financing Activities:
Net borrowings (payments) on revolving credit facilities
15
(213
)
53
Payments of debt
(380
)
(147
)
(1,263
)
Net proceeds from borrowings
852
449
-
Net proceeds from Class A stock offering
-
274
-
Convertible note hedge transactions
-
(94
)
-
Warrant transactions
-
44
-
Purchase of treasury shares
(19
)
(30
)
(61
)
Dividends
(60
)
(56
)
(56
)
Debt issuance costs
(59
)
-
-
Change in restricted cash to be used for financing activities
(140
)
-
-
Stock options exercised
1
9
74
Change in negative book cash balances
(65
)
67
9
Other, net
5
18
(8
)
Cash Provided by (Used for) Financing Activities
150
321
(1,252
)
Effect of Exchange Rate Change on Cash
6
(2
)
9
Increase in Cash and Cash Equivalents
754
208
14
Cash and Cash Equivalents at Beginning of Year
250
42
28
Cash and Cash Equivalents at End of Year
$
1,004
$
250
$
42
See accompanying notes.