Diageo PLC (DEO) | Statement of Cash Flows
The cash flow statement provides information about a company's cash receipts and cash payments during an accounting period, showing how these cash flaws link the ending cash balance to the beginning balance shown on the company's statement of financial position.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
Diageo PLC, Consolidated Statement of Cash Flows
USD $ in millions, translated from GBP £
| 12 months ended | Jun 30, 2012 | Jun 30, 2011 | Jun 30, 2010 | Jun 30, 2009 | Jun 30, 2008 | Jun 30, 2007 | |
|---|---|---|---|---|---|---|---|
| Profit for the year | 3,370 | 3,134 | 2,683 | 2,789 | 2,335 | 3,087 | |
| Discontinued operations | 18 | – | 29 | (3) | (38) | (276) | |
| Taxation | 1,688 | 533 | 734 | 472 | 763 | 1,345 | |
| Share of associates' profits after tax | (346) | (273) | (219) | (265) | (259) | (296) | |
| Net interest and net other finance charges | 646 | 617 | 711 | 957 | 466 | 421 | |
| (Gain) loss on disposal of businesses | (239) | 22 | 23 | – | (13) | 2 | |
| Operating profit | 5,136 | 4,032 | 3,962 | 3,950 | 3,254 | 4,284 | |
| Net movement in working capital | (860) | (174) | 514 | (456) | (412) | (357) | |
| Depreciation, amortization and impairment | 668 | 547 | 573 | 446 | 341 | 417 | |
| Dividend income | 270 | 214 | 171 | 289 | 209 | 236 | |
| Other items | (327) | (146) | (319) | 16 | (22) | (71) | |
| Cash generated from operations | 4,887 | 4,473 | 4,901 | 4,246 | 3,370 | 4,508 | |
| Interest received | 257 | 331 | 473 | 102 | 98 | 83 | |
| Interest paid | (893) | (814) | (942) | (773) | (566) | (554) | |
| Taxation paid | (847) | (567) | (730) | (844) | (539) | (730) | |
| Net cash from operating activities | 3,404 | 3,423 | 3,702 | 2,731 | 2,363 | 3,308 | |
| Disposal of property, plant and equipment and computer software | 63 | 73 | 220 | 23 | 96 | 137 | |
| Purchase of property, plant and equipment and computer software | (787) | (651) | (576) | (529) | (480) | (544) | |
| Movements in loans and other investments | (2) | 2 | (66) | (39) | 6 | (12) | |
| Payment into escrow in respect of the UK Pension Scheme | – | – | – | (81) | (73) | (99) | |
| Sale of businesses | 83 | 53 | 2 | 2 | 6 | 8 | |
| Acquisition of businesses | (2,309) | (182) | (317) | (165) | (841) | (139) | |
| Net cash outflow from investing activities | (2,952) | (705) | (737) | (789) | (1,285) | (649) | |
| Proceeds from issue of share capital | 2 | 2 | – | – | 1 | 2 | |
| Net sale (purchase) of own shares for share schemes | – | (14) | 131 | (61) | (114) | (50) | |
| Own shares repurchased | – | – | – | (572) | (1,474) | (2,788) | |
| Dividends paid to non-controlling interests | (192) | (174) | (165) | (158) | (82) | (81) | |
| Proceeds from non-controlling interests | 18 | – | – | – | – | – | |
| Purchase of shares of non-controlling interests | (252) | – | – | – | – | – | |
| Net increase (decrease) in loans | 833 | (643) | (650) | 414 | 1,599 | 2,433 | |
| Equity dividends paid | (1,685) | (1,512) | (1,407) | (1,407) | (1,253) | (1,702) | |
| Net cash outflow from financing activities | (1,277) | (2,342) | (2,090) | (1,785) | (1,322) | (2,187) | |
| Exchange differences | (44) | (106) | (25) | 107 | 16 | (99) | |
| Net increase (decrease) in net cash and cash equivalents | (868) | 270 | 850 | 264 | (228) | 373 | |
| Net cash and cash equivalents at beginning of the year | 2,557 | 2,172 | 1,302 | 1,104 | 1,227 | 1,292 | |
| Net cash and cash equivalents at end of the year | 1,688 | 2,443 | 2,152 | 1,368 | 999 | 1,665 |
| Item | Description | The company |
|---|---|---|
| Net cash from operating activities | The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. | Diageo PLC's net cash from operating activities declined from 2010 to 2011 and from 2011 to 2012. |
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