Avago Technologies Limited Announces First Quarter Fiscal Year 2012 Financial Results

 
AVAGO TECHNOLOGIES LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED
(IN MILLIONS)
     
Quarter ended

January 29,
2012

October 30,
2011

January 30,
2011

Cash flows from operating activities:
Net income $ 125 $ 154 $ 119
 
Adjustments to reconcile net income to net cash provided by operating activities:
 
Depreciation and amortization 37 39 41
Loss on extinguishment of debt - - 5
Impairment of investment and loan receivable from investee 2 - -
Share-based compensation 11 11 7
Tax benefits of share-based compensation - 6 8
Excess tax benefits from share-based compensation - (6 ) (2 )
Changes in assets and liabilities, net of acquisitions:
Trade accounts receivable 20 (43 ) (5 )
Inventory 1 6 (14 )
Accounts payable (8 ) 23 (30 )
Employee compensation and benefits (38 ) 1 (31 )
Other current assets and current liabilities (10 ) 12 (31 )
Other long-term assets and long-term liabilities   (1 )   (8 )   -  
Net cash provided by operating activities   139     195     67  
 
Cash flows from investing activities:
Purchase of property, plant and equipment (47 ) (37 ) (32 )
Acquisitions and investments, net of cash acquired - - (9 )
Loan receivable from cost method investee   -     (1 )   -  
Net cash used in investing activities   (47 )   (38 )   (41 )
 
Cash flows from financing activities:
Proceeds from government grants 1 - -
Debt repayments - - (230 )
Payments on capital lease obligations - (1 ) (1 )
Issuance of ordinary shares 5 15 22
Repurchases of ordinary shares (79 ) (25 ) -
Excess tax benefits from share-based compensation - 6 2
Dividend payments to shareholders   (29 )   (27 )   (17 )
Net cash used in financing activities   (102 )   (32 )   (224 )
 
Net increase (decrease) in cash and cash equivalents (10 ) 125 (198 )
Cash and cash equivalents at the beginning of period   829     704     561  
Cash and cash equivalents at end of period $ 819   $ 829   $ 363  
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »



Review Article Be the first to review this article

Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
Re-Use Your CAD: The ModelCHECK Handbook
Jobs
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
GIS Analyst II for Air Worldwide at Boston, MA
Upcoming Events
Design & Manufacturing, Feb 7 - 9, 2017 Anaheim Convention Center, Anaheim, CA at Anaheim Convention Center Anaheim CA - Feb 7 - 9, 2017
Innorobo 2017 at Docks de Paris Paris France - May 16 - 18, 2017
Display Week 2017 at Los Angeles Convention Center 1201 S Figueroa St Los Angeles CA - May 21 - 26, 2017
SolidCAM: Program your CNCs directly inside your existing CAD system.



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise