Tyson Foods 2011 Annual Report Download - page 42

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42
TYSON FOODS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Three years ended October 1, 2011
in millions
2011
2010
2009
Cash Flows From Operating Activities:
Net income (loss)
$733
$765
$(551)
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation
433
416
445
Amortization
73
81
68
Deferred income taxes
86
18
(33)
Impairment of goodwill
0
29
560
Impairment of assets
18
36
32
Other, net
49
76
72
(Increase) decrease in accounts receivable
(114)
(79)
137
(Increase) decrease in inventories
(299)
(239)
493
Increase (decrease) in accounts payable
152
101
(216)
Increase (decrease) in income taxes payable/receivable
(73)
(53)
33
Increase (decrease) in interest payable
19
(4)
(60)
Net change in other current assets and liabilities
(31)
285
(20)
Cash Provided by Operating Activities
1,046
1,432
960
Cash Flows From Investing Activities:
Additions to property, plant and equipment
(643)
(550)
(368)
Purchases of marketable securities
(146)
(53)
(37)
Proceeds from sale of marketable securities
66
49
56
Proceeds from notes receivable
51
0
0
Proceeds from sale of discontinued operation
0
0
75
Change in restricted cash to be used for investing activities
0
43
(43)
Acquisitions, net of cash acquired
0
0
(93)
Other, net
28
11
(17)
Cash Used for Investing Activities
(644)
(500)
(427)
Cash Flows From Financing Activities:
Net borrowings (payments) on revolving credit facilities
0
0
15
Payments of debt
(500)
(1,034)
(380)
Net proceeds from borrowings
115
0
852
Debt issuance costs
(9)
0
(59)
Purchase of redeemable noncontrolling interest
(66)
0
0
Purchases of Tyson Class A common stock
(207)
(48)
(19)
Dividends
(59)
(59)
(60)
Change in restricted cash to be used for financing activities
0
140
(140)
Other, net
68
42
6
Cash Provided by (Used for) Financing Activities
(658)
(959)
215
Effect of Exchange Rate Change on Cash
(6)
1
6
Increase (Decrease) in Cash and Cash Equivalents
(262)
(26)
754
Cash and Cash Equivalents at Beginning of Year
978
1,004
250
Cash and Cash Equivalents at End of Year
$716
$978
$1,004
See accompanying notes.