Tyson Foods 2013 Annual Report Download - page 79

Download and view the complete annual report

Please find page 79 of the 2013 Tyson Foods annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

79
Condensed Consolidating Balance Sheet as of September 29, 2012 in millions
TFI
Parent TFM
Parent Non-
Guarantors Eliminations Total
Assets
Current Assets:
Cash and cash equivalents $ 1 $ 9 $ 1,061 $ — $ 1,071
Accounts receivable, net 1 499 878 — 1,378
Inventories — 950 1,859 — 2,809
Other current assets 139 100 90 (184) 145
Total Current Assets 141 1,558 3,888 (184) 5,403
Net Property, Plant and Equipment 31 873 3,118 — 4,022
Goodwill — 881 1,010 — 1,891
Intangible Assets — 26 103 — 129
Other Assets 1,257 151 251 (1,208) 451
Investment in Subsidiaries 11,849 2,005 — (13,854) —
Total Assets $ 13,278 $ 5,494 $ 8,370 $ (15,246) $ 11,896
Liabilities and Shareholders’ Equity
Current Liabilities:
Current debt $ 439 $ — $ 167 $ (91) $ 515
Accounts payable 10 558 804 — 1,372
Other current liabilities 4,887 144 766 (4,854) 943
Total Current Liabilities 5,336 702 1,737 (4,945) 2,830
Long-Term Debt 1,774 809 486 (1,152) 1,917
Deferred Income Taxes — 135 432 (9) 558
Other Liabilities 156 146 294 (47) 549
Total Tyson Shareholders’ Equity 6,012 3,702 5,391 (9,093) 6,012
Noncontrolling Interests ——30—30
Total Shareholders’ Equity 6,012 3,702 5,421 (9,093) 6,042
Total Liabilities and Shareholders’ Equity $ 13,278 $ 5,494 $ 8,370 $ (15,246) $ 11,896
Condensed Consolidating Statement of Cash Flows for the year ended September 28, 2013 in millions
TFI
Parent TFM
Parent Non-
Guarantors Eliminations Total
Cash Provided by (Used for) Operating Activities $ 294 $ 337 $ 696 $ (13) $ 1,314
Cash Flows from Investing Activities:
Additions to property, plant and equipment (4) (113) (441) — (558)
(Purchases of)/Proceeds from marketable securities, net — (13) (5) — (18)
Proceeds from notes receivable —————
Acquisitions, net of cash acquired — — (106) — (106)
Other, net — 3 36 — 39
Cash Provided by (Used for) Investing Activities (4) (123) (516) — (643)
Cash Flows from Financing Activities:
Net change in debt 5 — (28) — (23)
Purchase of redeemable noncontrolling interest —————
Purchases of Tyson Class A common stock (614) — — — (614)
Dividends (104) — (13) 13 (104)
Stock options exercised 123 — — — 123
Other, net 18———18
Net change in intercompany balances 281 (202) (79) — —
Cash Provided by (Used for) Financing Activities (291) (202) (120) 13 (600)
Effect of Exchange Rate Change on Cash — — 3 — 3
Increase (Decrease) in Cash and Cash Equivalents (1) 12 63 — 74
Cash and Cash Equivalents at Beginning of Year 1 9 1,061 — 1,071
Cash and Cash Equivalents at End of Year $ — $ 21 $ 1,124 $ — $ 1,145