Philips 2007 Annual Report Download - page 193

Philips Annual Report 2007 199
2005 2006 2007
Cash ows from discontinued operations
Net cash provided by (used for) operating activities 1,380 582 (153)
Net cash (used for) provided by investing activities (847) 6,532 38
Net cash provided by nancing activities − − −
Net cash provided by (used for) discontinued operations 533 7,114 (115)
Net cash provided by continuing and discontinued operations 785 927 2,966
Effect of changes in exchange rates on cash positions 159 (197) (112)
Cash and cash equivalents at the beginning of the year 4,349 5,293 6,023
Cash and cash equivalents at the end of the year 5,293 6,023 8,877
Less cash and cash equivalents at the end of the year - discontinued operations 150 137 108
Cash and cash equivalents at the end of the year - continuing operations 5,143 5,886 8,769
The years 2005 and 2006 are restated to present the MedQuist business as a discontinued operation.
The accompanying notes are an integral part of these consolidated nancial statements.
Supplemental disclosures to the consolidated statements of cash ows
2005 2006 2007
Net cash paid during the year for
Interest 178 211 49
Income taxes 302 632 493
Net gain on sale of assets
Cash proceeds from the sale of assets 3,557 429 5,826
Book value of these assets (1,314) (249) (2,528)
Non-cash gains 72 52 87
2,315 232 3,385
Non-cash investing and nancing information
Assets received in lieu of cash from the sale of businesses:
Shares/share options/convertible bonds 330 188 −
Receivables/loans − 6 −
Conversion of convertible personnel debentures − 26 38
Treasury stock transactions
Shares acquired (1,836) (2,899) (1,609)
Exercise of stock options 75 144 161
The years 2005 and 2006 are restated to present the MedQuist business as a discontinued operation.
The accompanying notes are an integral part of these consolidated nancial statements.
For a number of reasons, principally the effects of translation differences and consolidation changes, certain items in the statements
of cash ows do not correspond to the differences between the balance sheet amounts for the respective items.
66
Group nancial statements
Consolidated statements of cash ows
Company nancial statements 250 Corporate governance246 Reconciliation of
non-US GAAP information 258 The Philips Group in the last ten years 260
Investor information