Philips 2004 Annual Report Download - page 95
Download and view the complete annual report
Please find page 95 of the 2004 Philips 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.-
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
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
 |
 |
2002 2003 2004
Cash flows from operating activities:
Net income (loss) (3,206) 695 2,836
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 2,184 2,015 2,293
Impairment of equity investments 3,260 772 8
Net gain on sale of assets (643) (987) (1,328)
Loss (income) from unconsolidated companies (net of dividends received) 54 (569) (1,178)
Minority interests (net of dividends paid) 26 49 35
Decrease in working capital/other current assets 815 307 354
Decrease (increase) in non-current receivables/other assets 86 (243) (435)
(Decrease) increase in provisions (336) (155) 48
Other items (12) 108 64
Net cash provided by operating activities 2,228 1,992 2,697
Cash flows from investing activities:
Purchase of intangible assets (149) (96) (103)
Capital expenditures on property, plant and equipment (1,161) (980) (1,286)
Proceeds from disposals of property, plant and equipment 370 220 191
O
28 Cash from derivatives 422 391 125
Purchase of other non-current financial assets (15) (18) (11)
O
29 Proceeds from other non-current financial assets 98 323 904
Purchase of businesses, net of cash acquired (626) (470) (440)
Proceeds from sale of interests in businesses 813 1,372 1,273
Net cash (used for) provided by investing activities (248) 742 653
Cash flows before financing activities 1,980 2,734 3,350
Cash flows from financing activities:
(Decrease) increase in short-term debt (548) 49 (5)
Principal payments on long-term debt (276) (1,304) (1,920)
Proceeds from issuance of long-term debt 405 311 258
Treasury stock transactions (19) 49 (18)
Dividends paid (459) (460) (460)
Net cash used for financing activities (897) (1,355) (2,145)
Cash provided by continuing operations 1,083 1,379 1,205
Effect of changes in consolidation on cash positions – – 117
Effect of changes in exchange rates on cash positions (115) (165) (45)
Cash and cash equivalents at beginning of year 890 1,858 3,072
Cash and cash equivalents at end of year 1,858 3,072 4,349
The accompanying notes are an integral part of these consolidated financial statements.
94 Philips Annual Report 2004
Consolidated statements of cash flows of the Philips Group
for the years ended December 31
in millions of euros unless otherwise stated