Coca Cola 2014 Annual Report Download - page 78

Download and view the complete annual report

Please find page 78 of the 2014 Coca Cola annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 160

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160

76
THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Year Ended December 31, 2014 2013 2012
(In millions)
OPERATING ACTIVITIES
Consolidated net income
$ 7,124 $ 8,626 $ 9,086
Depreciation and amortization
1,976 1,977 1,982
Stock-based compensation expense
209 227 259
Deferred income taxes
(40) 648 632
Equity (income) loss — net of dividends
(371) (201) (426)
Foreign currency adjustments
415 168 (130)
Significant (gains) losses on sales of assets — net
831 (670) (98)
Other operating charges
761 465 166
Other items
149 234 254
Net change in operating assets and liabilities
(439) (932) (1,080)
Net cash provided by operating activities 10,615 10,542 10,645
INVESTING ACTIVITIES
Purchases of investments
(17,800) (14,782) (14,824)
Proceeds from disposals of investments
12,986 12,791 7,791
Acquisitions of businesses, equity method investments and nonmarketable securities
(389) (353) (1,486)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities
148 872 20
Purchases of property, plant and equipment
(2,406) (2,550) (2,780)
Proceeds from disposals of property, plant and equipment
223 111 143
Other investing activities
(268) (303) (268)
Net cash provided by (used in) investing activities
(7,506) (4,214) (11,404)
FINANCING ACTIVITIES
Issuances of debt
41,674 43,425 42,791
Payments of debt
(36,962) (38,714) (38,573)
Issuances of stock
1,532 1,328 1,489
Purchases of stock for treasury
(4,162) (4,832) (4,559)
Dividends (5,350) (4,969) (4,595)
Other financing activities
(363) 17 100
Net cash provided by (used in) financing activities
(3,631) (3,745) (3,347)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (934) (611) (255)
CASH AND CASH EQUIVALENTS
Net increase (decrease) during the year
(1,456) 1,972 (4,361)
Balance at beginning of year
10,414 8,442 12,803
Balance at end of year $ 8,958 $ 10,414 $ 8,442
Refer to Notes to Consolidated Financial Statements.