Statement of Cash Flows
Quarterly Data

Difficulty: Beginner

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.

Emerson Electric Co., Consolidated Statement of Cash Flows (quarterly data)

USD $ in millions

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3 months ended Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011
Net earnings 489  394  510  425  300  315  445  489  377  353  651  574  979  529  415  738  554  477  808  214  578  466  300  787  556  381 
(Earnings) loss from discontinued operations, net of tax (8) (6) 84  55  41  (38) (2) (46)
Depreciation and amortization 191  187  182  171  140  143  142  140  142  144  202  201  205  207  208  204  210  209  207  201  205  206  206  211  202  204 
Receivables (118) 216  (144) (71) (22) 212  (91) (59) (46) 358  (169) 65  (26) 434  (370) (191) (148) 446  (288) (214) (29) 447  (357) (366) (239) 426 
Inventories (23) (149) 157  12  (34) (103) 142  (6) (10) (68) 249  (14) (56) (195) 122  (19) (74) (161) 279  (31) (171) 255  (8) (57) (239)
Other current assets (16) (14) 12  (35) 10  (24) 20  (18) 18  76  (137) (23) (17) 104  (57) (13) 25  (2) (21) (13) 93  (73) (35) 34 
Accounts payable (32) (129) 142  93  19  (119) 71  32  75  (200) 23  (33) (277) 241  128  76  (151) 134  181  40  (341) 135  239  88  (319)
Accrued expenses 17  (166) 91  81  64  (162) 81  30  68  (236) 162  53  78  (261) 203  145  71  (298) 167  135  (3) (235) 175  94  50  (228)
Income taxes (31) 82  (114) 62  (16) 24  (7) (14) (27) 70  10  (278) 124  (29) 110  (131) 85  68  (4) (176) 109  (25) (20) 33 
Changes in operating working capital (203) (160) 144  142  12  (138) 172  21  55  (155) 388  (338) (192) 271  116  (219) (54) 358  83  (195) (204) 276  (134) (189) (293)
Pension funding (31) (14) (36) (30) (32) (21) (40) (90) (51) (109) (41) (122)
Gain on divestiture of business, after tax (83) (528)
Income taxes paid on divestiture gain (64) (360)
Goodwill impairment, net of tax 508  21  475  528 
Other, net 20  26  108  56  65  35  91  46  58  90  39  105  40  27  46  50  30  59  160  131  86  42  104  (7) 42 
Adjustments to reconcile net earnings to net cash provided by operating activities 211  213  259  213  205  178  197  156  200  234  62  (75) (283) 234  722  164  240  268  337  698  214  292  735  193  195  246 
Cash provided by operating activities 497  447  905  774  601  410  855  628  630  386  1,101  499  358  571  1,408  1,018  575  691  1,503  995  597  554  1,311  846  562  334 
Capital expenditures (98) (96) (176) (106) (94) (100) (146) (91) (86) (124) (169) (157) (152) (207) (194) (176) (161) (236) (298) (145) (120) (115) (237) (141) (157) (130)
Purchases of businesses, net of cash and equivalents acquired (257) (513) (2,975) (16) (70) (51) (5) (6) (74) (105) (2) (143) (34) (576) (20) (9) (11) (167)
Divestitures of business (14) 235  (1) 40  413  1,391  99  (4) 268 
Other, net (24) (18) (26) (30) (30) (20) (15) (26) 84  (13) (126) (60) (26) (38) (52) (44) (11) (19) (28) (26) (22) 86  (33) (10)
Cash (used in) provided by investing activities (393) (392) (202) (3,071) (124) (136) (231) (168) (7) (143) 44  (254) 1,177  (376) (133) (266) (205) (555) (316) (193) (146) (134) (160) (149) (357) (140)
Net increase (decrease) in short-term borrowings (279) 1,061  (499) 1,092  (3) (2,225) (726) 335  323  34  (384) 277  1,450  (227) (730) 765  (175) 320  101  252  (403) 424  (554) 11  225  666 
Proceeds from short-term borrowings greater than three months 90  347  827  216  342  1,957  771  512  1,273  396 
Payments of short-term borrowings greater than three months (90) (347) (827) (216) (402) (1,937) (731) (552) (1,234) (395) (329)
Proceeds from long-term debt 1,000  (3) 499 
Payments of long-term debt (251) (1) (1) (1) (251) (2) (2) (251) (253) (251) (6) (1) (8) (314) (251) (6) (264) (3) (10) (250)
Dividends paid (307) (311) (309) (309) (310) (311) (305) (306) (306) (310) (309) (313) (321) (326) (300) (304) (302) (304) (293) (295) (296) (297) (290) (293) (294) (294)
Purchases of common stock (250) (500) (280) (120) (46) (48) (507) (460) (690) (842) (509) (265) (187) (206) (390) (537) (302) (158) (113) (270) (198) (85) (244)
Purchase of noncontrolling interest (574) (10)
Other, net 24  (30) (5) 72  (43) (6) (8) (1) (4) (7) 39  (59) (2) 18  17  (54) (2) 22  (8) 16  (8) 19  (48)
Cash used in financing activities (812) (31) (814) 505  (362) (2,920) (995) (325) (514) (211) (1,376) (157) (1,269) (146) (1,084) (431) (369) (675) (735) (598) (342) (258) (1,101) (494) (134) (170)
Cash from discontinued operating activities (51) (126) (429) (172) 102  90  89  101 
Cash from discontinued investing activities 25  (29) 1,157  3,894  (22) (17) (18) (20)
Cash from discontinued operations (26) (155) 728  3,722  80  73  71  81 
Effect of exchange rate changes on cash and equivalents 56  10  59  48  45  (107) (43) (14) 33  (58) (108) 49  (132) (76) (91) (14) 13  (9) (21) (2) 25  (64)
Increase (decrease) in cash and equivalents (652) 34  (78) (1,899) 888  969  (334) 194  213  55  (339) 137  134  (27) 100  325  (13) (538) 465  195  88  160  75  139  77  24 
Source: Emerson Electric Co., Quarterly and Annual Reports
Item Description The company
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. Emerson Electric Co.'s cash provided by operating activities declined from Q4 2017 to Q1 2018 but then slightly increased from Q1 2018 to Q2 2018.