Waste Management 2012 Annual Report Download - page 223
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WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
WM
WM
Holdings
Non-Guarantor
Subsidiaries Eliminations Consolidated
Year Ended December 31, 2012
Cash flows from operating activities:
Consolidated net income .................. $ 817 $1,034 $ 1,089 $(2,080) $ 860
Equity in earnings of subsidiaries, net of
taxes ................................ (1,034) (1,046) — 2,080 —
Other adjustments ....................... 81 — 1,354 — 1,435
Net cash provided by (used in) operating
activities ............................... (136) (12) 2,443 — 2,295
Cash flows from investing activities:
Acquisitions of businesses, net of cash
acquired ............................. — — (250) — (250)
Capital expenditures ..................... — — (1,510) — (1,510)
Proceeds from divestitures of businesses (net of
cash divested) and other sales of assets ..... — — 44 — 44
Net receipts from restricted trust and escrow
accounts and other, net ................... — — (114) — (114)
Net cash provided by (used in) investing
activities ............................... — — (1,830) — (1,830)
Cash flows from financing activities:
New borrowings ......................... 895 — 285 — 1,180
Debt repayments ........................ (585) — (473) — (1,058)
Common stock repurchases ................ — — — — —
Cash dividends .......................... (658) — — — (658)
Exercise of common stock options .......... 43 — — — 43
Distributions paid to noncontrolling interests
and other ............................ 15 — (52) — (37)
(Increase) decrease in intercompany and
investments, net ....................... 367 12 (379) — —
Net cash provided by (used in) financing
activities ............................... 77 12 (619) — (530)
Effect of exchange rate changes on cash and cash
equivalents ............................. — — 1 — 1
Increase (decrease) in cash and cash
equivalents ............................. (59) — (5) — (64)
Cash and cash equivalents at beginning of
period ................................. 119 — 139 — 258
Cash and cash equivalents at end of period ...... $ 60 $ — $ 134 $ — $ 194
146