Tyson Foods 2014 Annual Report Download - page 92

The majority of our operations are domiciled in the United States. Approximately 96% , 96% and 95% of sales to external customers for fiscal
2014 , 2013 and 2012 , respectively, were sourced from the United States. Approximately $17.4 billion and $6.1 billion of long-lived assets
were located in the United States at September 27, 2014 , and September 28, 2013 , respectively. Approximately $324 million and
$485 million
of long-lived assets were located in foreign countries, primarily Brazil, China and India, at September 27, 2014 , and September 28, 2013 ,
respectively.
We sell certain products in foreign markets, primarily Brazil, Canada, Central America, China, the European Union, Japan, Mexico, the Middle
East, South Korea, Taiwan, and Vietnam. Our export sales from the United States totaled $4.7 billion , $4.2 billion and $4.0 billion for fiscal
2014 , 2013 and 2012
, respectively. Substantially all of our export sales are facilitated through unaffiliated brokers, marketing associations and
foreign sales staffs. Sales of products produced in a country other than the United States were less than 10% of consolidated sales for each of
fiscal 2014 , 2013 and 2012 .
NOTE 18: SUPPLEMENTAL CASH FLOWS INFORMATION
The following table summarizes cash payments for interest and income taxes:
NOTE 19: TRANSACTIONS WITH RELATED PARTIES
We have operating leases for two wastewater facilities with an entity owned by the Donald J. Tyson Revocable Trust (for which Mr. John
Tyson, Chairman of the Company, is a trustee), Berry Street Waste Water Treatment Plant, LP ( 90% of which is owned by TLP), and the
sisters of Mr. Tyson. Total payments of approximately $1 million in each of fiscal 2014 , 2013 and 2012 were paid to lease the facilities.
In fiscal 2014, we purchased real estate from JHT, LLC, for $0.5 million to build a new data center. The JHT, LLC (for which Mr. John Tyson
is the manager), is owned 50% by the Donald J. Tyson Revocable Trust and 50% by the Randal W. Tyson Testamentary Trust.
As of September 27, 2014, the TLP, of which John Tyson and director Barbara Tyson are general partners, owned 70 million shares, or
99.985% of Class B stock and, along with the members of the Tyson family, owned 5.5 million shares of Class A stock, giving it control of
approximately 70.14% of the total voting power of our outstanding voting stock. In fiscal 2013, as part of the Company's previously approved
stock repurchase plan, we purchased one million shares of Class A stock from the TLP for $29.85 million or $29.85 per share.
In fiscal 2012 , we had an aircraft lease agreement with Tyson Family Aviation, LLC, of which Mr. Don Tyson (formerly our Senior
Chairman), Mr. John Tyson and the Randal W. Tyson Testamentary Trust were members. Upon Mr. Don Tyson’
s death on January 6, 2011, his
membership interest passed to a trust in which Mr. John Tyson is a trustee. During fiscal 2012, Tyson Family Aviation, LLC sold the aircraft to
a non-related party and we entered into an aircraft lease agreement with the new owner. Total payments to Tyson Family Aviation, LLC of
approximately $0.4 million were paid in fiscal 2012 .
84
in millions
2014
2013
2012
Interest, net of amounts capitalized
$
118
$
114
$
274
Income taxes, net of refunds
590
310
187