Medtronic 2015 Annual Report Download - page 148
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Medtronic plc
Notes to Consolidated Financial Statements (Continued)
Condensed Consolidating Statement of Cash Flows
Fiscal Year Ended April 25, 2014
Medtronic 2015 Senior Notes and Medtronic Outstanding 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 operating
activities $ — $ 1,384 $ — $ 3,575 $ — $ 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 decrease in intercompany loans — 1 — (12) 11 —
Increase in investment in subsidiary ———— — —
Other investing activities, net — — — (29) — (29)
Net cash 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) —
Other financing activities — 14 — — — 14
Net cash (used in) provided by
financing activities — (1,163) — 256 (11) (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
138