Federal Express 2009 Annual Report Download - page 73
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Please find page 73 of the 2009 Federal Express 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.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
71
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Year Ended May 31, 2008
Guarantor Non-Guarantor
Parent Subsidiaries Subsidiaries Eliminations Consolidated
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES $ (44) $ 3,070 $ 439 $ – $ 3,465
INVESTING ACTIVITIES
Capital expenditures (1) (2,683) (263) – (2,947)
Business acquisitions, net of cash acquired – – (4) – (4)
Collection on (payment of) loan to Parent (5,971) 5,971 – – –
Proceeds from asset dispositions and other – 34 20 – 54
CASH USED IN INVESTING ACTIVITIES (5,972) 3,322 (247) – (2,897)
FINANCING ACTIVITIES
Net transfers (to) from Parent 463 (296) (167) – –
Dividend paid (to) from Parent 5,971 (5,971) – – –
Principal payments on debt (551) (85) (3) – (639)
Proceeds from stock issuances 108 – – – 108
Excess tax benefi ts on the exercise of stock options 38 – – – 38
Dividends paid (124) – – – (124)
Other, net – – – – –
CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES 5,905 (6,352) (170) – (617)
CASH AND CASH EQUIVALENTS
Effect of exchange rate changes on cash – 2 17 – 19
Net (decrease) increase in cash and cash equivalents (111) 42 39 – (30)
Cash and cash equivalents at beginning of period 1,212 124 233 – 1,569
Cash and cash equivalents at end of period $ 1,101 $ 166 $ 272 $ – $ 1,539
Year Ended May 31, 2007
Guarantor Non-Guarantor
Parent Subsidiaries Subsidiaries Eliminations Consolidated
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES $ (57) $ 2,741 $ 873 $ – $ 3,557
INVESTING ACTIVITIES
Capital expenditures (1) (2,631) (250) – (2,882)
Business acquisitions, net of cash acquired (175) (36) (1,099) – (1,310)
Proceeds from asset dispositions – 47 21 – 68
CASH USED IN INVESTING ACTIVITIES (176) (2,620) (1,328) – (4,124)
FINANCING ACTIVITIES
Net transfers (to) from Parent (578) 40 538 – –
Principal payments on debt (700) (206) – – (906)
Proceeds from debt issuance 999 55 – – 1,054
Proceeds from stock issuances 115 – – – 115
Excess tax benefi ts on the exercise of stock options 45 – – – 45
Dividends paid (110) – – – (110)
Other, net (5) – – – (5)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (234) (111) 538 – 193
CASH AND CASH EQUIVALENTS
Effect of exchange rate changes on cash – – 6 – 6
Net (decrease) increase in cash and cash equivalents (467) 10 89 – (368)
Cash and cash equivalents at beginning of period 1,679 114 144 – 1,937
Cash and cash equivalents at end of period $ 1,212 $ 124 $ 233 $ – $ 1,569