DuPont 2011 Annual Report Download - page 56

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Table of Contents
E. I. du Pont de Nemours and Company
Consolidated Financial Statements
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in millions)
For the year ended December 31, 2011 2010 2009
Operating activities
Net income $ 3,510 $ 3,052 $ 1,769
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation 1,283 1,204 1,251
Amortization of intangible assets 277 176 252
Other noncash charges and credits – net 992 809 976
Contributions to pension plans (341) (782) (306)
(Increase) decrease in operating assets:
Accounts and notes receivable (360) (481) 69
Inventories and other operating assets (902) (512) 481
Increase (decrease) in operating liabilities:
Accounts payable and other operating liabilities 526 1,010 (115)
Accrued interest and income taxes 167 83 364
Cash provided by operating activities 5,152 4,559 4,741
Investing activities
Purchases of property, plant and equipment (1,843) (1,508) (1,308)
Investments in affiliates (67) (100) (124)
Payments for businesses – net of cash acquired (6,459) (637) (13)
Proceeds from sale of assets – net of cash sold 214 195 91
Net decrease (increase) in short-term financial instruments 2,149 (457) (2,016)
Forward exchange contract settlements (227) 176 (927)
Other investing activities – net (5) (108) (1)
Cash used for investing activities (6,238) (2,439) (4,298)
Financing activities
Dividends paid to stockholders (1,533) (1,501) (1,492)
Net increase (decrease) in short-term (less than 90 days) borrowings 185 20 (317)
Long-term and other borrowings:
Receipts 2,539 2,061 3,685
Payments (1,163) (2,859) (1,977)
Repurchase of common stock (672) (250) —
Proceeds from exercise of stock options 952 708 1
Other financing activities – net 95 (8) 3
Cash provided by (used for) financing activities 403 (1,829) (97)
Effect of exchange rate changes on cash 6 (49) 30
(Decrease) increase in cash and cash equivalents (677) 242 376
Cash and cash equivalents at beginning of year 4,263 4,021 3,645
Cash and cash equivalents at end of year $ 3,586 $ 4,263 $ 4,021
Supplemental cash flow information:
Cash paid during the year for
Interest, net of amounts capitalized $ 455 $ 623 $ 403
Taxes 527 416 63
See Notes to the Consolidated Financial Statements beginning on page F-8.
F-7