Seagate 2011 Annual Report Download - page 70
Download and view the complete annual report
Please find page 70 of the 2011 Seagate 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.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
 |
 |
Table of Contents
SEAGATE TECHNOLOGY PLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
See notes to consolidated financial statements.
65
Fiscal Years Ended
June 29,
2012
July 1,
2011
July 2,
2010
OPERATING ACTIVITIES
Net income
$
2,862
$
511
$
1,609
Adjustments to reconcile net income to net cash from operating
activities:
Depreciation and amortization
814
754
780
Share
-
based compensation
51
51
57
Loss on redemption of debt
17
26
—
Gain on sale of property and equipment
(25
)
(23
)
(4
)
Impairment of other long
-
lived assets, net of recoveries
—
—
57
Deferred income taxes
(28
)
46
(36
)
Other non
-
cash operating activities, net
(5
)
15
38
Changes in operating assets and liabilities:
Accounts receivable, net
(824
)
(95
)
(367
)
Inventories
99
(115
)
(170
)
Accounts payable
157
386
2
Accrued employee compensation
145
(64
)
119
Accrued expenses, income taxes and warranty
54
(28
)
(169
)
Other assets and liabilities
(55
)
(200
)
16
Net cash provided by operating activities
3,262
1,264
1,932
INVESTING ACTIVITIES
Acquisition of property, equipment and leasehold improvements
(636
)
(843
)
(639
)
Proceeds from the sale of property and equipment
20
77
21
Purchases of short
-
term investments
(454
)
(487
)
(373
)
Sales of short
-
term investments
397
159
119
Maturities of short
-
term investments
119
101
114
Change in restricted cash and investments
7
14
15
Cash used in acquisition of Samsung HDD assets and liabilities
(561
)
—
—
Other investing activities, net
(6
)
(2
)
(9
)
Net cash used in investing activities
(1,114
)
(981
)
(752
)
FINANCING ACTIVITIES
Proceeds from short
-
term borrowings
—
—
15
Net proceeds from issuance of long
-
term debt
—
1,324
587
Repayments of short
-
term borrowings
—
—
(
365
)
Repayments of long
-
term debt and capital lease obligations
(670
)
(377
)
(462
)
Change in restricted cash and investments
—
2
379
Proceeds from issuance of ordinary shares under employee stock plans
344
83
86
Dividends to shareholders
(372
)
(74
)
—
Repurchases of ordinary shares
(2,426
)
(822
)
(584
)
Other financing activities, net
6
(5
)
—
Net cash (used in) provided by financing activities
(3,118
)
131
(344
)
(Decrease) increase in cash and cash equivalents
(970
)
414
836
Cash and cash equivalents at the beginning of the year
2,677
2,263
1,427
Cash and cash equivalents at the end of the year
$
1,707
$
2,677
$
2,263
Supplemental Disclosure of Cash Flow Information
Cash paid for interest
$
221
$
193
$
138
Cash paid for income taxes, net of refunds
8
18
(14
)