Monsanto Co. (MON) | 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.
Monsanto Co., Consolidated Statement of Cash Flows
USD $ in millions
| 12 months ended | Aug 31, 2012 | Aug 31, 2011 | Aug 31, 2010 | Aug 31, 2009 | Aug 31, 2008 | Aug 31, 2007 | |
|---|---|---|---|---|---|---|---|
| Net income | 2,093 | 1,659 | 1,115 | 2,133 | 2,044 | 1,005 | |
| Depreciation and amortization | 622 | 613 | 602 | 548 | 573 | 527 | |
| Bad-debt expense | 3 | 3 | 58 | 49 | 57 | 70 | |
| Receipt of securities from Solutia settlement | – | – | – | – | (38) | – | |
| Stock-based compensation expense | 128 | 104 | 102 | 116 | 90 | 73 | |
| Excess tax benefits from stock-based compensation | (50) | (36) | (43) | (35) | (198) | (83) | |
| Deferred income taxes | 242 | 135 | 22 | 264 | 47 | (89) | |
| Restructuring charges, net | (10) | 1 | 210 | 361 | – | – | |
| Equity affiliate expense (income), net | (19) | (21) | (29) | (22) | (2) | 34 | |
| Acquired in-process research and development | – | – | – | 163 | 164 | 193 | |
| Net gain on sales of a business or other assets | (4) | (5) | (3) | (66) | – | (73) | |
| Other items | 158 | 81 | 49 | (25) | 10 | 3 | |
| Items that did not require (provide) cash | 1,070 | 875 | 968 | 1,353 | 703 | 655 | |
| Trade receivables, net | 89 | (310) | (22) | 526 | (318) | (2) | |
| Inventory, net | (422) | 156 | 221 | (638) | (691) | 60 | |
| Deferred revenues | (43) | 62 | (89) | (700) | 492 | 129 | |
| Accounts payable and other accrued liabilities | 430 | 894 | (395) | (327) | 889 | 147 | |
| Restructuring cash payments | (12) | (183) | (263) | – | – | – | |
| Pension contributions | (83) | (291) | (134) | (187) | (120) | (60) | |
| Net investment hedge settlement | – | – | (4) | 35 | (124) | (23) | |
| Other items | (71) | (48) | 1 | 51 | (53) | (57) | |
| Changes in assets and liabilities that provided (required) cash, net of acquisitions | (112) | 280 | (685) | (1,240) | 75 | 194 | |
| Adjustments to reconcile cash provided by operating activities | 958 | 1,155 | 283 | 113 | 778 | 849 | |
| Net cash provided by operating activities | 3,051 | 2,814 | 1,398 | 2,246 | 2,822 | 1,854 | |
| Purchases of short-term investments | (746) | (732) | – | – | (132) | (59) | |
| Maturities of short-term investments | 746 | 430 | – | 132 | 59 | 22 | |
| Capital expenditures | (646) | (540) | (755) | (916) | (918) | (509) | |
| Acquisition of businesses, net of cash acquired | (322) | (99) | (57) | (329) | (1,007) | (1,679) | |
| Purchases of long-term debt and equity securities | – | – | (39) | (7) | (78) | – | |
| Technology and other investments | (77) | (55) | (33) | (72) | (41) | (54) | |
| Proceeds from divestiture of a business | – | – | – | 300 | – | 317 | |
| Other investments and property disposal proceeds | 11 | 21 | 50 | 169 | 90 | 51 | |
| Net cash required by investing activities | (1,034) | (975) | (834) | (723) | (2,027) | (1,911) | |
| Net change in financing with less than 90-day maturities | (116) | 69 | 48 | (142) | 92 | (5) | |
| Short-term debt proceeds | 30 | 84 | 75 | 75 | – | 8 | |
| Short-term debt reductions | (42) | (74) | (101) | (45) | (10) | (8) | |
| Long-term debt proceeds | 499 | 299 | – | – | 546 | 8 | |
| Long-term debt reductions | (629) | (193) | (4) | (71) | (254) | (281) | |
| Payments on other financing | – | (1) | (1) | (6) | (3) | (16) | |
| Debt issuance costs | (5) | (5) | – | – | (5) | – | |
| Treasury stock purchases | (432) | (502) | (532) | (398) | (361) | (197) | |
| Stock option exercises | 117 | 65 | 56 | 39 | 114 | 83 | |
| Excess tax benefits from stock-based compensation | 50 | 36 | 43 | 35 | 198 | 83 | |
| Tax withholding on restricted stock and restricted stock units | (19) | (4) | – | – | – | – | |
| Dividend payments | (642) | (602) | (577) | (552) | (419) | (258) | |
| Proceeds from noncontrolling interest | 101 | 69 | – | – | – | – | |
| Dividend payments to noncontrolling interests | (77) | (105) | (45) | (10) | (23) | – | |
| Net cash required by financing activities | (1,165) | (864) | (1,038) | (1,075) | (125) | (583) | |
| Cash assumed from initial consolidations of Variable Interest Entities | – | 77 | – | – | – | – | |
| Effect of exchange rate changes on cash and cash equivalents | (141) | 35 | 3 | (105) | 77 | 46 | |
| Net increase (decrease) in cash and cash equivalents | 711 | 1,087 | (471) | 343 | 747 | (594) | |
| Cash and cash equivalents at beginning of period | 2,572 | 1,485 | 1,956 | 1,613 | 866 | 1,460 | |
| Cash and cash equivalents at end of period | 3,283 | 2,572 | 1,485 | 1,956 | 1,613 | 866 |
| 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. | Monsanto Co.'s net cash provided by operating activities increased from 2010 to 2011 and from 2011 to 2012. |
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