Coca Cola 2013 Annual Report Download - page 79

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THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Year Ended December 31, 2013 2012 2011
(In millions)
OPERATING ACTIVITIES
Consolidated net income $ 8,626 $ 9,086 $ 8,646
Depreciation and amortization 1,977 1,982 1,954
Stock-based compensation expense 227 259 354
Deferred income taxes 648 632 1,035
Equity (income) loss — net of dividends (201) (426) (269)
Foreign currency adjustments 168 (130) 7
Significant (gains) losses on sales of assets — net (670) (98) (220)
Other operating charges 465 166 214
Other items 234 254 (354)
Net change in operating assets and liabilities (932) (1,080) (1,893)
Net cash provided by operating activities 10,542 10,645 9,474
INVESTING ACTIVITIES
Purchases of investments (14,782) (14,824) (4,798)
Proceeds from disposals of investments 12,791 7,791 5,811
Acquisitions of businesses, equity method investments and nonmarketable securities (353) (1,486) (971)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 872 20 398
Purchases of property, plant and equipment (2,550) (2,780) (2,920)
Proceeds from disposals of property, plant and equipment 111 143 101
Other investing activities (303) (268) (145)
Net cash provided by (used in) investing activities (4,214) (11,404) (2,524)
FINANCING ACTIVITIES
Issuances of debt 43,425 42,791 27,495
Payments of debt (38,714) (38,573) (22,530)
Issuances of stock 1,328 1,489 1,569
Purchases of stock for treasury (4,832) (4,559) (4,513)
Dividends (4,969) (4,595) (4,300)
Other financing activities 17 100 45
Net cash provided by (used in) financing activities (3,745) (3,347) (2,234)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (611) (255) (430)
CASH AND CASH EQUIVALENTS
Net increase (decrease) during the year 1,972 (4,361) 4,286
Balance at beginning of year 8,442 12,803 8,517
Balance at end of year $ 10,414 $ 8,442 $ 12,803
Refer to Notes to Consolidated Financial Statements.
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