[an error occurred while processing this directive] P&G 2009 AR – Consolidated Statements of Cash Flows: Net Earnings
[an error occurred while processing this directive] [an error occurred while processing this directive]

Consolidated Statements of Cash Flows

Amounts in millions; Years ended June 30 2009 2008 2007
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR $ 3,313 $ 5,354 $ 6,693
OPERATING ACTIVITIES      
Net earnings 13,436 12,075 10,340
Depreciation and amortization 3,082 3,166 3,130
Share-based compensation expense 516 555 668
Deferred income taxes 596 1,214 253
Gain on sale of businesses (2,377) (284) (153)
Change in accounts receivable 415 432 (729)
Change in inventories 721 (1,050) (389)
Change in accounts payable, accrued and other liabilities (742) 297 (278)
Change in other operating assets and liabilities (758) (1,270) (151)
Other 30 (127) 719
TOTAL OPERATING ACTIVITIES 14,919 15,008 13,410
INVESTING ACTIVITIES      
Capital expenditures (3,238) (3,046) (2,945)
Proceeds from asset sales 1,087 928 281
Acquisitions, net of cash acquired (368) (381) (492)
Change in investments 166 (50) 673
TOTAL INVESTING ACTIVITIES (2,353) (2,549) (2,483)
FINANCING ACTIVITIES      
Dividends to shareholders (5,044) (4,655) (4,209)
Change in short-term debt (2,420) 2,650 9,006
Additions to long-term debt 4,926 7,088 4,758
Reductions of long-term debt (2,587) (11,747) (17,929)
Treasury stock purchases (6,370) (10,047) (5,578)
Impact of stock options and other 681 1,867 1,499
TOTAL FINANCING ACTIVITIES (10,814) (14,844) (12,453)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (284) 344 187
CHANGE IN CASH AND CASH EQUIVALENTS 1,468 (2,041) (1,339)
CASH AND CASH EQUIVALENTS, END OF YEAR $ 4,781 $ 3,313 $ 5,354
SUPPLEMENTAL DISCLOSURE      
Cash payments for:      
Interest $ 1,226 $ 1,373 $ 1,330
Income Taxes 3,248 3,499 4,116
Assets acquired through non-cash capital leases 8 13 41
Divestiture of coffee business in exchange for shares of P&G stock 2,466

See accompanying Notes to Consolidated Financial Statements.

[an error occurred while processing this directive] [an error occurred while processing this directive]
 
[an error occurred while processing this directive]
Our Billion-Dollar and Half-Billion-Dollar Brands:: Discover
Back to top