Medtronic 2016 Annual Report Download - page 139
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Table of Contents
Medtronic plc
Notes to Consolidated Financial Statements (Continued)
136
Condensed Consolidating Statement of Cash Flows
Fiscal Year Ended April 25, 2014
Medtronic Senior Notes
(in millions)
Parent
Company
Guarantor
(Medtronic
plc)
Subsidiary
Issuer
(Medtronic,
Inc.) Subsidiary
Guarantors
Subsidiary
Non-
guarantors Consolidating
Adjustments Total
Operating Activities:
Net cash provided by (used in)
operating activities $ — $ 1,384 $ — $ 3,949 $ (374) $ 4,959
Investing Activities:
Acquisitions, net of cash acquired — — — (385) — (385)
Additions to property, plant, and equipment — (154) — (242) — (396)
Purchases of marketable securities — — — (10,895) — (10,895)
Sales and maturities of marketable securities — — — 8,111 — 8,111
Net (increase) decrease in intercompany loans
receivable — 1 — (12) 11 —
Other investing activities, net — — — (29) — (29)
Net cash provided by (used in) investing
activities — (153) — (3,452) 11 (3,594)
Financing Activities:
Acquisition-related contingent consideration — — — (1) — (1)
Change in short-term borrowings, net — — — 127 — 127
Repayment of short-term borrowings
(maturities greater than 90 days) — (1,301) — — — (1,301)
Proceeds from short-term borrowings
(maturities greater than 90 days) — 1,045 — 131 — 1,176
Issuance of long-term debt — 1,994 — — — 1,994
Payments on long-term debt — (565) — — — (565)
Dividends to shareholders — (1,116) — — — (1,116)
Issuance of ordinary shares — 1,307 — — — 1,307
Repurchase of ordinary shares — (2,553) — — — (2,553)
Net intercompany loan borrowings
(repayments) — 12 — (1) (11) —
Intercompany dividends paid — — — (374) 374 —
Other financing activities — 14 — — — 14
Net cash provided by (used in)
financing activities — (1,163) — (118) 363 (918)
Effect of exchange rate changes on cash and
cash equivalents — — — 37 — 37
Net change in cash and cash equivalents — 68 — 416 — 484
Cash and cash equivalents at beginning of
period — 196 — 723 — 919
Cash and cash equivalents at end of period $ — $ 264 $ — $ 1,139 $ — $ 1,403