Waste Management 2013 Annual Report Download - page 242
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WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
WM
WM
Holdings
Non-Guarantor
Subsidiaries Eliminations Consolidated
Year Ended December 31, 2013
Cash flows from operating activities:
Consolidated net income .................... $ 98 $313 $ 364 $(645) $ 130
Equity in earnings of subsidiaries, net of
taxes ................................. (313) (332) — 645 —
Other adjustments ......................... (2) — 2,327 — 2,325
Net cash provided by (used in) operating
activities ................................ (217) (19) 2,691 — 2,455
Cash flows from investing activities:
Acquisition of businesses, net of cash
acquired ............................... — — (724) — (724)
Capital expenditures ....................... — — (1,271) — (1,271)
Proceeds from divestitures of businesses (net of
cash divested) and other sales of assets ...... — — 138 — 138
Net receipts from restricted trust and escrow
accounts and other, net ..................... — — (43) — (43)
Net cash provided by (used in) investing
activities ................................ — — (1,900) — (1,900)
Cash flows from financing activities:
New borrowings .......................... 325 — 982 — 1,307
Debt repayments .......................... (305) — (847) — (1,152)
Common stock repurchases ................. (239) — — — (239)
Cash dividends ........................... (683) — — — (683)
Exercise of common stock options ............ 132 — — — 132
Distributions paid to noncontrolling interests and
other ................................. 14 — (66) — (52)
(Increase) decrease in intercompany and
investments, net ........................ 913 19 (932) — —
Net cash provided by (used in) financing
activities ................................ 157 19 (863) — (687)
Effect of exchange rate changes on cash and cash
equivalents .............................. — — (4) — (4)
Increase (decrease) in cash and cash equivalents . . . (60) — (76) — (136)
Cash and cash equivalents at beginning of year .... 60 — 134 — 194
Cash and cash equivalents at end of year ......... $ — $ — $ 58 $ — $ 58
152