Coca Cola 2005 Annual Report Download - page 68

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THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Year Ended December 31, 2005 2004 2003
(In millions)
OPERATING ACTIVITIES
Net income $ 4,872 $ 4,847 $ 4,347
Depreciation and amortization 932 893 850
Stock-based compensation expense 324 345 422
Deferred income taxes (88) 162 (188)
Equity income or loss, net of dividends (446) (476) (294)
Foreign currency adjustments 47 (59) (79)
Gains on issuances of stock by equity investees (23) (24) (8)
Gains on sales of assets, including bottling interests (9) (20) (5)
Other operating charges 85 480 330
Other items 299 437 249
Net change in operating assets and liabilities 430 (617) (168)
Net cash provided by operating activities 6,423 5,968 5,456
INVESTING ACTIVITIES
Acquisitions and investments, principally trademarks and bottling companies (637) (267) (359)
Purchases of investments and other assets (53) (46) (177)
Proceeds from disposals of investments and other assets 33 161 147
Purchases of property, plant and equipment (899) (755) (812)
Proceeds from disposals of property, plant and equipment 88 341 87
Other investing activities (28) 63 178
Net cash used in investing activities (1,496) (503) (936)
FINANCING ACTIVITIES
Issuances of debt 178 3,030 1,026
Payments of debt (2,460) (1,316) (1,119)
Issuances of stock 230 193 98
Purchases of stock for treasury (2,055) (1,739) (1,440)
Dividends (2,678) (2,429) (2,166)
Net cash used in financing activities (6,785) (2,261) (3,601)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH
EQUIVALENTS (148) 141 183
CASH AND CASH EQUIVALENTS
Net increase (decrease) during the year (2,006) 3,345 1,102
Balance at beginning of year 6,707 3,362 2,260
Balance at end of year $ 4,701 $ 6,707 $ 3,362
Refer to Notes to Consolidated Financial Statements.
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