Coca Cola 2010 Annual Report Download - page 92

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THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Year Ended December 31, 2010 2009 2008
(In millions)
OPERATING ACTIVITIES
Consolidated net income $ 11,859 $ 6,906 $ 5,874
Depreciation and amortization 1,443 1,236 1,228
Stock-based compensation expense 380 241 266
Deferred income taxes 617 353 (360)
Equity (income) loss — net of dividends (671) (359) 1,128
Foreign currency adjustments 151 61 (42)
Significant (gains) losses on sales of assets — net (645) (43) (130)
Other significant (gains) losses — net (4,713) ——
Other operating charges 264 134 209
Other items 477 221 153
Net change in operating assets and liabilities 370 (564) (755)
Net cash provided by operating activities 9,532 8,186 7,571
INVESTING ACTIVITIES
Purchases of short-term investments (4,579) (2,130) —
Proceeds from disposals of short-term investments 4,032 ——
Acquisitions and investments (2,511) (300) (759)
Purchases of other investments (132) (22) (240)
Proceeds from disposals of bottling companies and other investments 972 240 479
Purchases of property, plant and equipment (2,215) (1,993) (1,968)
Proceeds from disposals of property, plant and equipment 134 104 129
Other investing activities (106) (48) (4)
Net cash provided by (used in) investing activities (4,405) (4,149) (2,363)
FINANCING ACTIVITIES
Issuances of debt 15,251 14,689 4,337
Payments of debt (13,403) (12,326) (4,308)
Issuances of stock 1,666 664 595
Purchases of stock for treasury (2,961) (1,518) (1,079)
Dividends (4,068) (3,800) (3,521)
Other financing activities 50 (2) (9)
Net cash provided by (used in) financing activities (3,465) (2,293) (3,985)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (166) 576 (615)
CASH AND CASH EQUIVALENTS
Net increase (decrease) during the year 1,496 2,320 608
Balance at beginning of year 7,021 4,701 4,093
Balance at end of year $ 8,517 $ 7,021 $ 4,701
Refer to Notes to Consolidated Financial Statements.
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