Goldcorp Inc. (GG) | 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.
Goldcorp Inc., Consolidated Statement of Cash Flows
USD $ in millions
| 12 months ended | Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
|---|---|---|---|---|---|---|
| Net earnings from continuing operations | 1,749 | 1,881 | 1,412 | 238 | 1,483 | |
| Reclamation expenditures | (21) | (23) | (16) | (27) | (18) | |
| Transaction costs on convertible senior notes expensed | – | – | – | 19 | – | |
| Gains on disposition of securities, net | (4) | (319) | (1) | (50) | 106 | |
| Gains on dispositions of mining interests, net | (12) | – | (407) | (20) | (3) | |
| Gain on disposition of Silver Wheaton shares | – | – | – | – | (293) | |
| Depreciation and depletion | 675 | 694 | 602 | 526 | 499 | |
| Share of net (earnings) losses of associates | (47) | 98 | 8 | – | (4) | |
| Share-based compensation expense | 82 | 100 | 63 | 45 | 43 | |
| Impairment of available-for-sale securities | 71 | 87 | 2 | – | – | |
| Realized gain on share purchase warrants, net | – | (33) | – | – | – | |
| Write-down of mining interests | – | – | – | 24 | 47 | |
| Unrealized (gains) losses on derivatives, net | (155) | (61) | 39 | 3 | (8) | |
| Revisions in estimates and accretion of reclamation and closure cost obligations | 99 | 35 | 15 | 16 | – | |
| Deferred income tax expense (recovery) | (32) | 213 | (57) | 55 | 157 | |
| Other | 3 | 20 | 33 | 351 | (1,078) | |
| Items not affecting cash | 696 | 1,153 | 705 | 1,020 | (344) | |
| Accounts receivable | (294) | (76) | (161) | (53) | (53) | |
| Income taxes receivable | – | – | – | (33) | – | |
| Inventories and stockpiled ore | (138) | (157) | (62) | (80) | (37) | |
| Accounts payable and accrued liabilities | 75 | (9) | 136 | 117 | 16 | |
| Income taxes payable | 47 | (59) | 157 | 141 | 10 | |
| Other | (1) | (25) | 1 | (1) | (4) | |
| Change in working capital | (311) | (326) | 71 | 91 | (68) | |
| Interest paid | (17) | (17) | (12) | – | – | |
| Net cash provided by operating activities | 2,080 | 2,349 | 1,752 | 1,271 | 863 | |
| Acquisitions, net of cash acquired | – | – | (1,318) | – | (553) | |
| Investment in common shares of Tahoe | – | – | (144) | – | – | |
| Expenditures on mining interests | (2,333) | (1,677) | (1,171) | (1,015) | (1,141) | |
| Deposits on mining interest expenditures | (275) | (101) | (42) | (341) | (231) | |
| Return of capital investment in Pueblo Viejo | – | 64 | 192 | – | – | |
| Proceeds on dispositions of mining interests, net | 43 | – | 267 | 14 | – | |
| Proceeds on disposition of Silver Wheaton shares, net | – | – | – | – | 1,505 | |
| Purchases of securities and other investments | (19) | (507) | (19) | (182) | (20) | |
| Proceeds from sales of securities and other investments, net | 289 | 735 | – | 65 | – | |
| Income taxes paid on disposition of Silver Wheaton shares | – | – | (149) | – | – | |
| Other | 16 | (5) | (2) | – | (2) | |
| Net cash used in investing activities | (2,279) | (1,491) | (2,386) | (1,459) | (442) | |
| Debt borrowings | – | – | 1,120 | 1,332 | 206 | |
| Debt repayments | – | – | (1,120) | (460) | (845) | |
| Transaction costs on convertible senior notes | – | – | – | (23) | – | |
| Common shares issued, net of issue costs | 44 | 477 | 96 | 79 | 104 | |
| Shares issued by subsidiaries to non-controlling interests | – | – | – | 3 | 4 | |
| Dividends paid to shareholders | (438) | (330) | (154) | (132) | (129) | |
| Net cash provided by (used in) financing activities | (394) | 147 | (58) | 799 | (660) | |
| Net cash provided by operating activities of discontinued operations | – | – | 16 | – | – | |
| Net cash (used in) provided by investing activities of discontinued operations | 10 | (58) | 310 | – | – | |
| Net cash provided by financing activities of discontinued operations | – | – | 50 | – | – | |
| Net cash provided by (used in) discontinued operations | 10 | (58) | 376 | – | – | |
| Effect of exchange rate changes on cash and cash equivalents | (1) | (1) | (3) | 2 | (13) | |
| Increase (decrease) in cash and cash equivalents | (584) | 946 | (319) | 613 | (252) | |
| Cash and cash equivalents, beginning of year | 1,502 | 556 | 875 | 262 | 511 | |
| Cash and cash equivalents, end of year | 918 | 1,502 | 556 | 875 | 259 |
| Item | Description | The company |
|---|---|---|
| Net cash provided by 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. | Goldcorp Inc.'s net cash provided by operating activities increased from 2010 to 2011 but then slightly declined from 2011 to 2012. |
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