SanDisk 2000 Annual Report Download - page 32

3 0 . Sa n D is k C o rp o ra t io n . 2 0 0 0 A n n u a l Re p o rt
Consolidated Statements of Cash Flows
((In tho usand s)
Years Ended Decem ber 31, 2 0 0 0 19 99 19 98
C a s h flo w s fr o m o p e r a t in g a c t iv it ie s :
N et inco m e $ 2 9 8 ,6 7 2 $ 26 ,55 0 $ 11,836
Ad justm e nts to rec o nc ile net incom e to ne t cash
p ro vid ed b y operating ac tivities:
Deferre d taxes 114 ,5 0 1 (1,100) 1,160
Gain o n inve stm ent in fo undry ( 3 4 4 ,16 8 )
De p re c ia tio n 15 ,9 2 8 7,14 5 5 ,8 39
Lo ss o n d isp o sal o f e q uipm ent 1,0 13
Co m p e nsatio n relate d to m odific ation of
sto c k o p tion term s 4 2 5 – 33
Chang e s in asse ts and liabilities:
Ac c o unts receivable (5 2 ,18 3 ) (33 ,616) (2 4 7)
Inve nt o rie s (6 0 ,9 2 1) (26,75 7) 6 ,72 6
Pre p aid exp ense s and o ther c urrent assets ( 3 ,3 7 3 ) 2,959 (6,089)
Dep osits and o ther assets (3 ,5 4 5 ) (5 ,72 1) 28 3
Ac c o unts p ayable 3 6 ,3 7 8 23,79 6 (7,174)
Ac c rued p ayro ll and related e xp e nses 7 ,9 5 6 4,491 (906)
Inc o m e taxes p ayable 3 9 ,8 4 2 10 ,98 4 2 ,617
Other ac c rued liab ilitie s 9 ,4 8 5 6,301 1,5 48
Deferre d reve nue 2 1,3 5 7 1,93 1 (515)
Other no n- c urre nt liab ilities 3 ,4 8 5 ––
To tal ad justm e nts (2 13 ,8 2 0 ) (9,587) 3,275
N et c ash p ro vid ed b y operating ac tivities 8 4 ,8 5 2 16 ,96 3 15,111
C a s h flo w s fr o m in v e s t in g a c tiv it ie s :
Purchases o f short- term inve stm ents (5 9 3 ,14 6 ) (33 2 ,3 79 ) (137,822 )
Pro c e eds fro m sho rt- te rm investm e nts 6 4 3 ,7 3 4 13 9,391 133,214
Ac q uisitio n o f p ro p e rty and eq uipm ent (2 6 ,5 8 6 ) (21,3 91) (7,48 9)
Investm ent in jo int ve nture ( 13 4 ,7 3 0 ) 00
Investm ent in eq uity se c uritie s (7 ,2 0 0 ) 00
Dep osit in e sc ro w ac c o unt fo r investm ent in eq uity se c uritie s (2 0 ,0 0 4 ) 0 (10,9 23)
N et c ash used in investing ac tivities (13 7 ,9 3 2 ) (214,379 ) (2 3,020 )
C a s h flo w s fr o m fin a n c in g a c tivitie s :
Sale o f c o m m on sto c k and w arrants 13 ,18 7 328,202 2,405
N et c ash p ro vid ed b y financ ing ac tivities 13 ,18 7 328,202 2,405
N et increase (d e c rease) in c ash and cash e q uivale nts (3 9 ,8 9 3 ) 13 0,78 6 (5,5 04)
Cash and c ash e q uivalents at b eginning o f year 14 6 ,17 0 15,384 20,888
Cash and c ash e q uivalents at end o f ye ar $ 10 6 ,2 7 7 $ 14 6,170 $ 15,384
S u p p le m e n t a l d is c lo s u r e o f c a s h flo w in fo r m a tio n :
Cash paid fo r in c o m e taxes $ 3 7 ,2 6 0 $ 4 ,3 0 6 $ 8,277
Th e ac c o m p anyin g n o te s are an integ ral part o f these c onsolid a ted fina nc ia l s tatem e nts