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SEAGATETECHNOLOGYPLC
CONSOLIDATEDSTATEMENTSOFCASHFLOWS
(Inmillions)
Seenotestoconsolidatedfinancialstatements.
66
FiscalYearsEnded
July1,
2016
July3,
2015
June27,
2014
OPERATINGACTIVITIES
Netincome $ 248 $ 1,742 $ 1,570
Adjustmentstoreconcilenetincometonetcashprovidedbyoperatingactivities:
Depreciationandamortization 815 841 879
Share-basedcompensation 120 137 118
(Gain)lossonredemptionandrepurchaseofdebt (3) 74 81
Gainonsaleofinvestments — — (32)
Loss(gain)onsaleofpropertyandequipment — 2 (4)
Impairmentoflong-livedassets 26 — —
Deferredincometaxes (2) 2 (67)
Othernon-cashoperatingactivities,net 12 (9) 14
Changesinoperatingassetsandliabilities:
Restrictedcashandinvestments — (3) 104
Accountsreceivable,net 464 (2) 4
Inventories 145 29 (20)
Accountspayable (24) (58) (190)
Accruedemployeecompensation (78) (40) (55)
Accruedexpenses,incometaxesandwarranty (42) (112) (80)
Vendornon-tradereceivables — 47 217
Otherassetsandliabilities (1) (3) 19
Netcashprovidedbyoperatingactivities 1,680 2,647 2,558
INVESTINGACTIVITIES
Acquisitionofproperty,equipmentandleaseholdimprovements (587) (747) (559)
Proceedsfromthesaleofpropertyandequipment — — 3
Proceedsfromthesaleofstrategicinvestments 1 — 72
Purchasesofshort-terminvestments — (5) (88)
Salesofshort-terminvestments — 4 508
Maturitiesofshort-terminvestments — 19 61
Cashusedinacquisitionofbusinesses,netofcashacquired (634) (453) (285)
Otherinvestingactivities,net 9 (105) (34)
Netcashusedininvestingactivities (1,211) (1,287) (322)
FINANCINGACTIVITIES
Netproceedsfromissuanceoflong-termdebt — 1,196 1,781
Redemptionandrepurchaseofdebt (22) (1,026) (725)
Taxespaidrelatedtonetsharesettlementofequityawards (56) — —
Repurchasesofordinaryshares (1,090) (1,087) (1,912)
Dividendstoshareholders (727) (664) (557)
Proceedsfromissuanceofordinarysharesunderemployeestockplans 79 98 107
Otherfinancingactivities,net (4) (12) (5)
Netcashusedinfinancingactivities (1,820) (1,495) (1,311)
Effectofforeigncurrencyexchangeratechangesoncashandcashequivalents (3) (20) 1
(Decrease)increaseincashandcashequivalents (1,354) (155) 926
Cashandcashequivalentsatthebeginningoftheyear 2,479 2,634 1,708
Cashandcashequivalentsattheendoftheyear $ 1,125 $ 2,479 $ 2,634
SupplementalDisclosureofCashFlowInformation
Cashpaidforinterest $ 200 $ 216 $ 198
Cashpaidforincometaxes,netofrefunds $ 40 $ 285 $ 50