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R. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Year Ended December 31, 2012 Parent
Guarantors
on a
Combined
Basis
Other
Subsidiaries
on a
Combined
Basis
Consolidating
Adjustments
Total
Consolidated
Net cash provided by operating activities* $ (541) $ 2,850 $ 297 $ – $ 2,606
Cash flows from investing activities:
Capital expenditures (2) (390) (44) – (436)
Business acquisitions, net of cash acquired (121) (297) (26) – (444)
Other, net 221 (1) 18 – 238
Net cash used by investing activities 98 (688) (52) – (642)
Cash flows from financing activities:
Repayment of fixed-rate notes (2,400) – – – (2,400)
Proceeds from fixed-rate notes 2,382 – – – 2,382
Dividends paid (893) – – – (893)
Purchases of common stock (602) – – – (602)
Other, net 154 (21) (2) – 131
Net cash used by financing activities (1,359) (21) (2) – (1,382)
Net cash provided by discontinued operations 65 – – – 65
Cash sweep/funding by parent 2,465 (2,141) (324) – –
Net increase in cash and equivalents 728 – (81) – 647
Cash and equivalents at beginning of period 1,572 – 1,077 – 2,649
Cash and equivalents at end of period $ 2,300 $ – $ 996 $ – $ 3,296
* Continuing operations only.
64 General Dynamics Annual Report 2014