DELPHI 2015 Annual Report Download - page 151

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Table of Contents
129
Statement of Cash Flows for the Year Ended December 31, 2015
Parent
Subsidiary
Guarantors
Subsidiary
Issuer/
Guarantor
Non-
Guarantor
Subsidiaries Eliminations Consolidated
(in millions)
Net cash (used in) provided by operating
activities from continuing operations................. $ (53) $ 171 $ — $ 1,649 $ (100) $ 1,667
Net cash provided by operating activities from
discontinued operations ..................................... ———36—36
Net cash (used in) provided by operating
activities........................................................ (53) 171 — 1,685 (100) 1,703
Cash flows from investing activities:
Capital expenditures ......................................... — — — (704) — (704)
Proceeds from sale of property / investments... ———10—10
Net proceeds from divestiture of discontinued
operations...................................................... — — — 730 — 730
Proceeds from business divestitures, net of
payments of $14 in 2015 .............................. — — (7) 18 — 11
Cost of business acquisitions, net of cash
acquired ........................................................ (1,606) — (104) 56 — (1,654)
Cost of technology investments........................ — — — (23) — (23)
Loans to affiliates ............................................. — (925) (342) (3,221) 4,488 —
Repayments of loans from affiliates................. — — 135 1,333 (1,468) —
Investments in subsidiaries............................... (753) — — — 753 —
Net cash (used in) provided by investing
activities from continuing operations...... (2,359) (925) (318) (1,801) 3,773 (1,630)
Net cash used in investing activities from
discontinued operations........................... — — — (69) — (69)
Net cash (used in) provided by investing
activities .................................................. (2,359) (925) (318) (1,870) 3,773 (1,699)
Cash flows from financing activities:
Net (repayments) proceeds under other short-
term debt agreements.................................... — — — (214) — (214)
Repayment of senior notes ............................... — — (546) — — (546)
Proceeds from issuance of senior notes, net of
issuance costs................................................ 2,043 — — — — 2,043
Dividend payments of consolidated affiliates
to minority shareholders ............................... — — — (63) — (63)
Proceeds from borrowings from affiliates........ 3,277 — 964 247 (4,488) —
Payments on borrowings from affiliates........... (1,468) — — — 1,468 —
Investment from parent..................................... — 753 — — (753) —
Dividends paid to affiliates............................... — — (100) — 100 —
Repurchase of ordinary shares.......................... (1,159) — — — — (1,159)
Distribution of cash dividends.......................... (286) — — — — (286)
Taxes withheld and paid on employees'
restricted share awards.................................. — — — (59) — (59)
Net cash provided by (used in) financing
activities .................................................. 2,407 753 318 (89) (3,673) (284)
Effect of exchange rate fluctuations on cash and
cash equivalents ................................................. — — — (45) — (45)
Decrease in cash and cash equivalents................... (5) (1) — (319) — (325)
Cash and cash equivalents at beginning of year .... 9 1 — 894 — 904
Cash and cash equivalents at end of year............... $ 4 $ — $ — $ 575 $ — $ 579
Cash and cash equivalents of discontinued
operations........................................................... $ — $ — $ — $ 44 $ — $ 44
Cash and cash equivalents of continuing
operations........................................................... $ 4 $ — $ — $ 531 $ — $ 535