Seagate 2014 Annual Report Download - page 68
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SEAGATETECHNOLOGYPLC
CONSOLIDATEDSTATEMENTSOFCASHFLOWS
(Inmillions)
Seenotestoconsolidatedfinancialstatements.
65
FiscalYearsEnded
July3,
2015
June27,
2014
June28,
2013
OPERATINGACTIVITIES
Netincome $ 1,742 $ 1,570 $ 1,838
Adjustmentstoreconcilenetincometonetcashprovidedbyoperatingactivities:
Depreciationandamortization 841 879 873
Share-basedcompensation 137 118 76
Lossonredemptionandrepurchaseofdebt 74 81 141
Gainonsaleofinvestments — (32) (61)
Loss(gain)onsaleofpropertyandequipment 2 (4) (36)
Deferredincometaxes 2 (67) (70)
Othernon-cashoperatingactivities,net (9) 14 12
Changesinoperatingassetsandliabilities:
Restrictedcashandinvestments (3) 104 —
Accountsreceivable,net (2) 4 661
Inventories 29 (20) 102
Accountspayable (58) (190) (538)
Accruedemployeecompensation (40) (55) (14)
Accruedexpenses,incometaxesandwarranty (112) (80) (170)
Vendornon-tradereceivables 47 217 272
Otherassetsandliabilities (3) 19 (39)
Netcashprovidedbyoperatingactivities 2,647 2,558 3,047
INVESTINGACTIVITIES
Acquisitionofproperty,equipmentandleaseholdimprovements (747) (559) (786)
Proceedsfromthesaleofpropertyandequipment — 3 29
Proceedsfromthesaleofstrategicinvestments — 72 —
Purchasesofshort-terminvestments (5) (88) (351)
Salesofshort-terminvestments 4 508 296
Maturitiesofshort-terminvestments 19 61 38
Cashusedinacquisitionofbusinesses,netofcashacquired (453) (285) (36)
Otherinvestingactivities,net (105) (34) (15)
Netcashusedininvestingactivities (1,287) (322) (825)
FINANCINGACTIVITIES
Netproceedsfromissuanceoflong-termdebt 1,196 1,781 986
Redemptionandrepurchaseofdebt (1,026) (725) (1,224)
Repurchasesofordinaryshares (1,087) (1,912) (1,654)
Dividendstoshareholders (664) (557) (518)
Proceedsfromissuanceofordinarysharesunderemployeestockplans 98 107 259
Otherfinancingactivities,net (12) (5) (71)
Netcashusedinfinancingactivities (1,495) (1,311) (2,222)
Effectofforeigncurrencyexchangeratechangesoncashandcashequivalents (20) 1 1
(Decrease)increaseincashandcashequivalents (155) 926 1
Cashandcashequivalentsatthebeginningoftheyear 2,634 1,708 1,707
Cashandcashequivalentsattheendoftheyear $ 2,479 $ 2,634 $ 1,708
SupplementalDisclosureofCashFlowInformation
Cashpaidforinterest $ 216 $ 198 $ 219
Cashpaidforincometaxes,netofrefunds $ 285 $ 50 $ 48