Philips 2007 Annual Report Download - page 192

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Philips Annual Report 2007198
IFRS Consolidated statements of cash ows of the Philips Group for the years ended December 31
in millions of euros unless otherwise stated
2005 2006 2007
Cash ows from operating activities
Net income attributable to stockholders 3,374 4,664 4,655
Loss (income) from discontinued operations 6 (4,010) 73
Minority interests 12 4 7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 919 990 1,083
Impairment of equity-accounted investees and available-for-sales securities 137 8 39
Net gain on sale of assets (2,315) (232) (3,385)
(Income) loss from equity-accounted investees (661) 237 (371)
Dividends received from equity-accounted investees 312 − 48
Dividends paid to minority shareholders (16) − −
Increase in receivables and other current assets (26) (2,067) (435)
(Increase) decrease in inventories (235) 2 (389)
Increase in accounts payable, accrued and other liabilities 250 1,042 121
Decrease in non-current receivables/other assets 98 138 298
Decrease in provisions (449) (267) (198)
Proceeds from sales of trading securities − − 196
Other items 1 130 10
Net cash provided by operating activities 1,407 639 1,752
Cash ows from investing activities
Purchase of intangible assets (74) (101) (118)
Expenditures on development assets (259) (295) (233)
Capital expenditures on property, plant and equipment (624) (698) (658)
Proceeds from disposals of property, plant and equipment 211 107 81
Cash from derivatives (46) 62 385
Purchase of other non-current nancial assets (18) (31) (17)
Proceeds from other non-current nancial assets 630 4 4,105
Purchase of businesses, net of cash acquired (1,089) (2,467) (1,485)
Proceeds from sale of interests in businesses 2,716 318 1,640
Net cash provided by (used for) investing activities 1,447 (3,101) 3,700
Cash ows from nancing activities
Increase (decrease) in short-term debt (36) 97 (158)
Principal payments on long-term debt (375) (553) (155)
Proceeds from issuance of long-term debt 74 9 29
Treasury stock transactions (1,761) (2,755) (1,448)
Dividends paid (504) (523) (639)
Net cash used for nancing activities (2,602) (3,725) (2,371)
Net cash provided by (used for) continuing operations 252 (6,187) 3,081
64
65
128 Group nancial statements 188 IFRS information
Consolidated statements of cash ows
240 Company nancial statements