Apple 2002 Annual Report Download - page 41

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See accompanying notes to consolidated financial statements.
51
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
Issuance of common stock and
assumption of stock options in
connection with acquisition — —
2,403
66
— (
13
) —
53
Amortization of acquisition-related
deferred stock compensation
—
—
—
—
—
2
—
2
Common stock issued under stock
option and purchase plans — —
3,660
42
— —
42
Conversion of Series A preferred stock
(76
)
(76
)
9,182
76
— — — —
Tax benefit related to stock options
—
—
—
7
—
—
—
7
Balances as of September 29, 2001 — $ —
350,922
$
1,693
$
2,260
$
(11
) $
(22
) $
3,920
Components of comprehensive income
(loss):
Net income (loss)
65
65
Foreign currency translation — — — — — —
5
5
Change in unrealized gain on
available-for-sale securities, net of
tax — — — — — — (
17
)
(17
)
Change in unrealized gain on
derivative investments, net of tax
—
—
—
—
—
—
(
15
)
(15
)
Total comprehensive income
(loss)
38
Amortization of acquisition-related
deferred stock compensation
—
—
—
—
—
4
—
4
Common stock issued under stock
option and purchase plans — —
8,037
105
— —
105
Tax benefit related to stock options
—
—
—
28
—
—
—
28
Balances as of September 28, 2002 — $ —
358,959
$
1,826
$
2,325
$
(7
) $
(49
) $
4,095
Three fiscal years ended September 28, 2002
2002
2001
2000
Cash and cash equivalents, beginning of the year
$
2,310
$
1,191
$
1,326
Operating:
Net income (loss)
65
(25
)
786
Cumulative effect of accounting change, net of taxes
—
(
12
)
—
Adjustments to reconcile net income to cash generated by operating activities:
Depreciation and amortization
118
102
84
Provision for deferred income taxes
(34
)
(36
)
163
Loss on disposition of property, plant, and equipment
7
9
10
(Gains) losses on investments, net
35
(88
)
(367
)
Unrealized loss on convertible securities
—
13
—
Purchased in
-
process research and development
1
11
—
Changes in operating assets and liabilities:
Accounts receivable
(99
)
487
(272
)
Inventories
(34
)
22
(13
)
Other current assets
(114
)
106
(37
)
Other assets
(11
)
12
20
Accounts payable
110
(356
)
318
Other current liabilities
45
(60
)
176
Cash generated by operating activities
89
185
868