Union Pacific 2002 Annual Report Download - page 65

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39
CONSOLIDATED STATEMENTS OF CASH FLOWS
Union Pacific Corporation and Subsidiary Companies
Millions of Dollars, for the Years
Ended December 31, 2002 2001 2000
Operating Activities Net income ........................................................................ $1,341 $ 966 $ 842
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation................................................................. 1,206 1,174 1,140
Deferred income taxes................................................. 573 424 447
Cash paid to fund pension plan.................................. (225) - -
Other, net ..................................................................... (321) (379) (398)
Changes in current assets and liabilities, net ............. (324) (193) 22
Cash provided by operating activities.............................. 2,250 1,992 2,053
Investing Activities Capital investments........................................................... (1,887) (1,736) (1,783)
Proceeds from asset sales.................................................. 417 318 211
Other investing activities, net........................................... (51) (126) (65)
Cash used in investing activities....................................... (1,521) (1,544) (1,637)
Financing Activities Dividends paid .................................................................. (201) (198) (199)
Debt repaid........................................................................ (1,197) (1,219) (796)
Cash received from exercise of stock options.................. 150 52 3
Financings, net .................................................................. 775 925 506
Cash used in financing activities...................................... (473) (440) (486)
Net change in cash and temporary investments ............. 256 8 (70)
Cash and temporary investments at
beginning of year ......................................................... 113 105 175
Cash and temporary investments at end of year ............ $ 369 $ 113 $ 105
Changes in Current Accounts receivable, net.................................................... $ (92) $ 10 $ (16)
Assets and Inventories......................................................................... (23) 96 (23)
Liabilities, net Other current assets.......................................................... (82) (50) (24)
Accounts, wages and vacation payable ............................ (66) (112) 73
Other current liabilities .................................................... (61) (137) 12
Total ................................................................................... $ (324) $ (193) $ 22
Supplemental cash flow information:
Cash paid during the year for:
Interest .................................................................... $ 653 $ 722 $ 756
Income taxes, net.................................................... 184 77 25
Non-cash transaction:
Acquisition of Motor Cargo Industries, Inc......... - 80 -
The accompanying notes are an integral part of these Consolidated Financial Statements.