Waste Management 2006 Annual Report Download - page 150

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WMI
WM
Holdings
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Cash flows from financing activities:
New borrowings . . . ........................ — — 365 — 365
Debt repayments . . . ........................ — (138) (238) — (376)
Common stock repurchases ................... (706) — — — (706)
Cash dividends ............................ (449) — — — (449)
Exercise of common stock options and warrants . . . . 129 — — — 129
Minority interest distributions paid and other . . . . . . — — (53) — (53)
(Increase) decrease in intercompany and
investments, net ........................ 1,837 199 (2,004) (32) —
Net cash provided by (used in) financing activities . . . . 811 61 (1,930) (32) (1,090)
Effect of exchange rate changes on cash and cash
equivalents . .............................. — — 3 — 3
Increase (decrease) in cash and cash equivalents . . . . . . 341 — (67) (32) 242
Cash and cash equivalents at beginning of period . . . . . 357 — 67 — 424
Cash and cash equivalents at end of period. . ........ $ 698 $ — $ — $ (32) $ 666
Year Ended December 31, 2004
Cash flows from operating activities:
Net income .............................. $ 939 $1,100 $ 1,158 $(2,258) $ 939
Equity in earnings of subsidiaries, net of taxes . . . . . (1,100) (1,158) — 2,258 —
Other adjustments and changes . . .............. (27) (8) 1,314 — 1,279
Net cash provided by (used in) operating activities . . . . (188) (66) 2,472 — 2,218
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired . . . . . — — (130) — (130)
Capital expenditures ........................ — — (1,258) — (1,258)
Proceeds from divestitures of businesses (net of cash
divested) and sales of other assets............. — — 96 — 96
Purchases of short-term investments ............. (1,310) — (38) — (1,348)
Proceeds from sales of short-term investments . . . . . 1,291 — 28 — 1,319
Net receipts from restricted trust and escrow
accounts and other, net . ................... — 5 434 — 439
Net cash provided by (used in) investing activities . . . . (19) 5 (868) — (882)
Cash flows from financing activities:
New borrowings . . . ........................ 346 — 69 — 415
Debt repayments . . . ........................ (518) (150) (133) — (801)
Common stock repurchases ................... (496) — — — (496)
Cash dividends ............................ (432) — — — (432)
Exercise of common stock options and warrants . . . . 193 — — — 193
Minority interest distributions paid and other . . . . . . (7) — (2) — (9)
(Increase) decrease in intercompany and
investments, net ........................ 1,254 211 (1,472) 7 —
Net cash provided by (used in) financing activities . . . . 340 61 (1,538) 7 (1,130)
Effect of exchange rate changes on cash and cash
equivalents . .............................. — — 1 — 1
Increase in cash and cash equivalents.............. 133 — 67 7 207
Cash and cash equivalents at beginning of period . . . . . 224 — — (7) 217
Cash and cash equivalents at end of period. . ........ $ 357 $ — $ 67 $ — $ 424
116
WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)