CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
IN MILLIONS
| Year Ended December 31 | |||||
| 2002 | 2001 | 2000 | |||
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||||
| Net Income | $ 142.2 | $ 25.0 | $ 266.9 | ||
| Restructuring and impairment charges | 88.9 | 195.5 | -- | ||
| Gain from reversal of excess tax reserves | (30.0) | -- | -- | ||
| Gain/(loss) from sale or write-down of businesses and investments |
(6.4) | 11.9 | -- | ||
| Depreciation and amortization | 352.4 | 378.7 | 390.4 | ||
| Gain on sale of assets | (13.8) | (8.2) | (6.0) | ||
| Net change in operating working capital | 17.3 | 59.7 | (16.5) | ||
| Net change in other assets and liabilities | (148.8) | (122.5) | 107.4 | ||
| Other | 7.1 | 8.3 | (1.6) | ||
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 408.9 | 548.4 | 740.6 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||||
| Capital expenditures | (241.6) | (273.3) | (237.1) | ||
| Other investments net of cash acquired | -- | (2.4) | (224.5) | ||
| Dispositions of assets including investments | 25.5 | 19.3 | 23.4 | ||
| NET CASH USED FOR INVESTING ACTIVITIES | (216.1) | (256.4) | (438.2) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||||
| Net (decrease) increase in borrowings | (64.1) | 57.0 | (152.9) | ||
| Issuances of common stock | 16.6 | 23.5 | 10.3 | ||
| Acquisition of common stock | (20.0) | (273.2) | (32.4) | ||
| Cash dividends paid | (111.0) | (110.0) | (110.3) | ||
| NET CASH USED FOR FINANCING ACTIVITIES | (178.5) | (302.7) | (285.3) | ||
| Exchange rate impact on cash | (2.4) | (1.6) | 1.9 | ||
| NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS |
11.9 | (12.3) | 19.0 | ||
| CASH AND EQUIVALENTS AT BEGINNING OF PERIOD | 48.6 | 60.9 | 41.9 | ||
| CASH AND EQUIVALENTS AT END OF PERIOD | $ 60.5 | $ 48.6 | $ 60.9 | ||
| | |||||
Board of Directors | Leadership | Additional Information | Our Values | AR Home