Tyson Foods 2012 Annual Report Download - page 41

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41
TYSON FOODS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Three years ended September 29, 2012
in millions
2012 2011 2010
Cash Flows From Operating Activities:
Net income $ 576 $ 733 $ 765
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation 443 433 416
Amortization 56 73 81
Deferred income taxes 140 86 18
Loss on early extinguishment of debt 167 — —
Impairment of goodwill — — 29
Impairment of assets 34 18 36
Other, net 18 49 76
Increase in accounts receivable (69)(114) (79)
Increase in inventories (259)(299) (239)
Increase in accounts payable 106 152 101
Increase (decrease) in income taxes payable/receivable 8 (73) (53)
Increase (decrease) in interest payable 5 19 (4)
Net change in other current assets and liabilities (38)(31) 285
Cash Provided by Operating Activities 1,187 1,046 1,432
Cash Flows From Investing Activities:
Additions to property, plant and equipment (690)(643) (550)
Purchases of marketable securities (58)(146) (53)
Proceeds from sale of marketable securities 47 66 49
Proceeds from notes receivable — 51 —
Change in restricted cash to be used for investing activities — — 43
Other, net 41 28 11
Cash Used for Investing Activities (660)(644) (500)
Cash Flows From Financing Activities:
Payments on debt (993)(500) (1,034)
Net proceeds from borrowings 1,116 115 —
Purchase of redeemable noncontrolling interest — (66) —
Change in restricted cash to be used for financing activities — — 140
Purchases of Tyson Class A common stock (264)(207) (48)
Dividends (57)(59) (59)
Other, net 27 59 42
Cash Used for Financing Activities (171)(658) (959)
Effect of Exchange Rate Change on Cash (1)(6) 1
Increase (Decrease) in Cash and Cash Equivalents 355 (262) (26)
Cash and Cash Equivalents at Beginning of Year 716 978 1,004
Cash and Cash Equivalents at End of Year $ 1,071 $ 716 $ 978
See accompanying notes.