HSBC 2012 Annual Report Download - page 382

HSBC HOLDINGS PLC
Financial Statements (continued)
HSBC Holdings statement of cash flows / Statement of changes in equity
380
HSBC Holdings statement of cash flows for the year ended 31 December 2012
2012 2011
Notes US$m US$m
Cash flows from operating activities
Profit before tax ............................................................................................................................. 8,679 5,758
Adjustments for:
– non-cash items included in profit before tax ......................................................................... 39 535 77
– change in operating assets ...................................................................................................... 39 (4,011) (5,489)
– change in operating liabilities ................................................................................................ 39 2,951 (414)
– net loss from investing activities ............................................................................................ – 570
– tax paid ................................................................................................................................... (549) (57)
Net cash generated from operating activities ................................................................................ 7,605 445
Cash flows from investing activities
Proceeds from sale of financial investments ................................................................................. – 941
Net cash outflow from acquisition of or increase in stake of subsidiaries ................................... (1,973) (626)
Net cash from/(used in) investing activities .................................................................................. (1,973) 315
Cash flows from financing activities
Issue of ordinary share capital ....................................................................................................... 1,905 96
Sales of own shares to meet share awards and share option awards ............................................ 178 –
Subordinated loan capital repaid ................................................................................................... (760) (750)
Debt securities issued .................................................................................................................... 2,000 5,338
Debt securities repaid .................................................................................................................... (2,420) –
Dividends paid ............................................................................................................................... (5,925) (5,014)
Dividends paid to holders of other equity instruments ................................................................. (573) (573)
Net cash used in financing activities ............................................................................................. (5,595) (903)
Net increase/(decrease) in cash and cash equivalents .............................................................. 37 (143)
Cash and cash equivalents at 1 January ........................................................................................ 316 459
Cash and cash equivalents at 31 December .................................................................................. 39 353 316
The accompanying notes on pages 383 to 515 form an integral part of these financial statements1.
For footnote, see page 382.