Coca Cola 2015 Annual Report Download - page 80

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

Year Ended December 31, 
2014
2013
(In millions)

Consolidated net income  
$ 7,124
$ 8,626
Depreciation and amortization 
1,976
1,977
Stock-based compensation expense 
209
227
Deferred income taxes
(40)
648
Equity (income) loss — net of dividends 
(371)
(201)
Foreign currency adjustments 
415
168
Significant (gains) losses on sales of assets — net 
831
(670)
Other operating charges 
761
465
Other items 
149
234
Net change in operating assets and liabilities 
(439)
(932)
Net cash provided by operating activities 
10,615
10,542

Purchases of investments 
(17,800)
(14,782)
Proceeds from disposals of investments 
12,986
12,791
Acquisitions of businesses, equity method investments and nonmarketable securities 
(389)
(353)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities
148
872
Purchases of property, plant and equipment 
(2,406)
(2,550)
Proceeds from disposals of property, plant and equipment
223
111
Other investing activities 
(268)
(303)
Net cash provided by (used in) investing activities 
(7,506)
(4,214)

Issuances of debt 
41,674
43,425
Payments of debt 
(36,962)
(38,714)
Issuances of stock 
1,532
1,328
Purchases of stock for treasury 
(4,162)
(4,832)
Dividends 
(5,350)
(4,969)
Other financing activities 
(363)
17
Net cash provided by (used in) financing activities 
(3,631)
(3,745)

 
(934)
(611)

Net increase (decrease) during the year 
(1,456)
1,972
Balance at beginning of year 
10,414
8,442
Balance at end of year  
$ 8,958
$ 10,414
Refer to Notes to Consolidated Financial Statements.
78