Coca Cola 2006 Annual Report Download - page 71

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THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Year Ended December 31, 2006 2005 2004
(In millions)
OPERATING ACTIVITIES
Net income $ 5,080 $ 4,872 $ 4,847
Depreciation and amortization 938 932 893
Stock-based compensation expense 324 324 345
Deferred income taxes (35) (88) 162
Equity income or loss, net of dividends 124 (446) (476)
Foreign currency adjustments 52 47 (59)
Gains on issuances of stock by equity investees —(23) (24)
Gains on sales of assets, including bottling interests (303) (9) (20)
Other operating charges 159 85 480
Other items 233 299 437
Net change in operating assets and liabilities (615) 430 (617)
Net cash provided by operating activities 5,957 6,423 5,968
INVESTING ACTIVITIES
Acquisitions and investments, principally trademarks and bottling companies (901) (637) (267)
Purchases of other investments (82) (53) (46)
Proceeds from disposals of other investments 640 33 161
Purchases of property, plant and equipment (1,407) (899) (755)
Proceeds from disposals of property, plant and equipment 112 88 341
Other investing activities (62) (28) 63
Net cash used in investing activities (1,700) (1,496) (503)
FINANCING ACTIVITIES
Issuances of debt 617 178 3,030
Payments of debt (2,021) (2,460) (1,316)
Issuances of stock 148 230 193
Purchases of stock for treasury (2,416) (2,055) (1,739)
Dividends (2,911) (2,678) (2,429)
Net cash used in financing activities (6,583) (6,785) (2,261)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH
EQUIVALENTS 65 (148) 141
CASH AND CASH EQUIVALENTS
Net (decrease) increase during the year (2,261) (2,006) 3,345
Balance at beginning of year 4,701 6,707 3,362
Balance at end of year $ 2,440 $ 4,701 $ 6,707
Refer to Notes to Consolidated Financial Statements.
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