Coca Cola 2007 Annual Report Download - page 70

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THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Year Ended December 31, 2007 2006 2005
(In millions)
OPERATING ACTIVITIES
Net income $ 5,981 $ 5,080 $ 4,872
Depreciation and amortization 1,163 938 932
Stock-based compensation expense 313 324 324
Deferred income taxes 109 (35) (88)
Equity income or loss, net of dividends (452) 124 (446)
Foreign currency adjustments 952 47
Gains on issuances of stock by equity investees —— (23)
Gains on sales of assets, including bottling interests (244) (303) (9)
Other operating charges 166 159 85
Other items 99 233 299
Net change in operating assets and liabilities 6(615) 430
Net cash provided by operating activities 7,150 5,957 6,423
INVESTING ACTIVITIES
Acquisitions and investments, principally
beverage and bottling companies (5,653) (901) (637)
Purchases of other investments (99) (82) (53)
Proceeds from disposals of other investments 448 640 33
Purchases of property, plant and equipment (1,648) (1,407) (899)
Proceeds from disposals of property, plant and equipment 239 112 88
Other investing activities (6) (62) (28)
Net cash used in investing activities (6,719) (1,700) (1,496)
FINANCING ACTIVITIES
Issuances of debt 9,979 617 178
Payments of debt (5,638) (2,021) (2,460)
Issuances of stock 1,619 148 230
Purchases of stock for treasury (1,838) (2,416) (2,055)
Dividends (3,149) (2,911) (2,678)
Net cash provided by (used in) financing activities 973 (6,583) (6,785)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH
EQUIVALENTS 249 65 (148)
CASH AND CASH EQUIVALENTS
Net increase (decrease) during the year 1,653 (2,261) (2,006)
Balance at beginning of year 2,440 4,701 6,707
Balance at end of year $ 4,093 $ 2,440 $ 4,701
Refer to Notes to Consolidated Financial Statements.
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