Condensed Consolidated
Statements of Cash Flows
(Dollars in millions)
|
 |
| |
2009 |
|
2008 |
|
|
| Cash flows from operating activities: |
|
|
|
|
|
| Net income (loss) |
$ 350 |
|
$ (4,803 |
) |
|
| Depreciation and amortization |
1,210 |
|
1,278 |
|
|
| Division consolidation costs |
276 |
|
187 |
|
|
| Asset impairment charges |
115 |
|
211 |
|
|
| Goodwill impairment charges |
- |
|
5,382 |
|
|
| Decrease in working capital and other, net |
(201 |
) |
(389 |
) |
|
| Net cash provided by operating activities |
1,750 |
|
1,866 |
|
|
|
|
| Cash flows from investing activities: |
|
|
|
|
|
Capital expenditures for property and equipment
and capitalized software |
(460 |
) |
(897 |
) |
|
| Disposition of property and equipment |
60 |
|
38 |
|
|
| Other, net |
23 |
|
67 |
|
|
| Net cash used by investing activities |
(377 |
) |
(792 |
) |
|
|
|
| Cash flows from financing activities: |
|
|
|
|
|
| Debt issued |
- |
|
650 |
|
|
| Debt repaid |
(966 |
) |
(666 |
) |
|
| Dividends paid |
(84 |
) |
(221 |
) |
|
| Acquisition of treasury stock |
(1 |
) |
(1 |
) |
|
| Issuance of common stock |
8 |
|
7 |
|
|
| Other, net |
(29 |
) |
(134 |
) |
|
| Net cash used by financing activities |
(1,072 |
) |
(365 |
) |
|
|
| Net increase (decrease) in cash and cash equivalents |
301 |
|
709 |
|
|
| Cash and cash equivalents at beginning of period |
1,385 |
|
676 |
|
|
| Cash and cash equivalents at end of period |
$ 1,686 |
|
$ 1,385 |
|
Certain reclassifications were made to prior period amounts to conform with the classifications of such amounts for the most recent period.
|