Union Pacific 2001 Annual Report Download - page 61

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35
CONSOLIDATED STATEMENTS OF CASH FLOWS
Union Pacific Corporation and Subsidiary Companies
Millions of Dollars, for the Years Ended December 31 2001 2000 1999
Operating Activities Net income .............................................................. $ 966 $ 842 $ 810
Less income from discontinued operations ............ - - 27
Income from continuing operations ....................... 966 842 783
Non-cash charges to income:
Depreciation........................................................ 1,174 1,140 1,083
Deferred income taxes ........................................ 424 447 529
Other, net............................................................. (452) (298) (578)
Changes in current assets and liabilities, net........... (120) (78) 52
Cash provided by operating activities ..................... 1,992 2,053 1,869
Investing Activities Capital investment ................................................... (1,736) (1,783) (1,834)
Proceeds from sale of assets and other investing
activities ............................................................... 192 146 220
Cash used in investing activities .............................. (1,544) (1,637) (1,614)
Financing Activities Dividends paid.......................................................... (198) (199) (198)
Debt repaid ............................................................... (1,219) (796) (692)
Financings, net.......................................................... 977 509 634
Cash used in financing activities.............................. (440) (486) (256)
Net change in cash and temporary investments ..... 8 (70) (1)
Cash and temporary investments at beginning of
year....................................................................... 105 175 176
Cash and temporary investments at end of year..... $ 113 $ 105 $ 175
Changes in Current Accounts receivable, net........................................... $ 10 $ (16) $ 62
Assets andInventories ................................................................ 96 (23) 6
Liabilities, net Other current assets.................................................. 57 (116) 31
Accounts, wages and vacation payable.................... (112) 73 11
Debt due within one year......................................... (13) (7) 33
Other current liabilities............................................ (158) 11 (91)
Total .......................................................................... $ (120) $ (78) $ 52
Supplemental cash flow information:
Cash paid (received) during the year for:
Interest ......................................................... $ 722 $ 756 $ 742
Income taxes, net......................................... 77 25 (110)
Non-cash transaction
Acquisition of Motor Cargo........................ 80 - -
The accompanying notes are an integral part of these Consolidated Financial Statements.