Philips 2008 Annual Report Download - page 203

2006 2007 2008
Cash flows from discontinued operations
Net cash provided by (used for) operating activities 582 (153) (49)
Net cash provided by investing activities 6,532 38 12
Net cash provided by financing activities −−−
Net cash provided by (used for) discontinued operations 7,114 (115) (37)
Net cash provided by (used for) continuing and discontinued operations 927 2,966 (5,218)
Effect of changes in exchange rates on cash and cash equivalents (197) (112) (39)
Cash and cash equivalents at the beginning of the year 5,293 6,023 8,877
Cash and cash equivalents at the end of the year 6,023 8,877 3,620
Less cash and cash equivalents at the end of the year - discontinued operations 137 108 −
Cash and cash equivalents at the end of the year - continuing operations 5,886 8,769 3,620
Prior-period amounts have been restated to reflect a change in accounting policy related to pensions (see Significant accounting policies, Change in accounting policy)
and revised to reflect immaterial adjustments of intercompany profit elimination on inventory (see Significant accounting policies, Reclassifications and revisions).
Supplemental disclosures to the consolidated statements of cash flows
2006 2007 2008
Net cash paid during the year for
Pensions 1,144 449 379
Interest 211 49 123
Income taxes 632 493 352
Net gain on sale of assets
Cash proceeds from the sale of assets 429 5,826 2,770
Book value of these assets (249) (2,528) (1,341)
Non-cash gains 52 87 107
232 3,385 1,536
Non-cash investing and financing information
Assets received in lieu of cash from the sale of businesses:
Shares/share options/convertible bonds 188 −148
Receivables/loans 6 −−
Conversion of convertible personnel debentures 26 38 9
Treasury stock transactions
Shares acquired (2,899) (1,609) (3,298)
Exercise of stock options 144 161 41
Prior-period amounts have been restated to reflect a change in accounting policy related to pensions (see Significant accounting policies, Change in accounting policy)
and revised to reflect immaterial adjustments of intercompany profit elimination on inventory (see Significant accounting policies, Reclassifications and revisions).
The accompanying notes are an integral part of these consolidated financial statements. For a number of reasons, principally the effects of translation differences and
consolidation changes, certain items in the statements of cash flows do not correspond to the differences between the balance sheet amounts for the respective items.
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254
Corporate governance
250
Reconciliation of
non-US GAAP information
262
Ten-year overview
266
Investor information