Cash flow Statement (Annual, GAAP
in millions $) |
(FY 2003) 12 Months |
(FY 2002) 12 Months |
(FY 2001) 12 Months |
(FY 2000) 12 Months |
(Dec 31 2011) 12 Months |
Income |
628.00 |
466.00 |
147.00 |
474.00 |
1,010.00 |
Depreciation & amortization |
251.00 |
209.00 |
181.00 |
179.00 |
220.00 |
Amortization of Other Assets |
63.00 |
54.00 |
158.00 |
154.00 |
362.00 |
Impairments on assets
|
- |
- |
- |
- |
- |
Increase (Decrease) in Restructuring Reserve |
- |
- |
- |
- |
-73.00 |
Accounting changes |
- |
- |
- |
7.00 |
- |
Inventories Decrease /-Increase |
- |
- |
- |
- |
- |
Other non-cash items |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Business |
17.00 |
-67.00 |
59.00 |
-57.00 |
- |
Share-based Compensation |
- |
- |
- |
- |
235.00 |
Equity interest in loss of affiliate |
- |
- |
- |
- |
- |
Stock compensation plans |
- |
- |
- |
- |
- |
Disposal Group Including Discontinued Operation Gain Loss From Disposal |
- |
- |
- |
- |
- |
Increase Decrease In Fiduciary Receivables |
- |
- |
- |
- |
- |
Gain Loss On Sale of Business And Investments Net |
- |
- |
- |
- |
- |
Amortization And Impairment Of Intangible Assets |
- |
- |
- |
- |
- |
Income taxes |
75.00 |
34.00 |
-97.00 |
145.00 |
146.00 |
Losses/ -gains on investments net |
-116.00 |
87.00 |
158.00 |
-66.00 |
- |
Increase (Decrease) in Receivables |
- |
- |
- |
- |
-494.00 |
Increase (Decrease) in Accounts Payable and Accrued Liabilities |
- |
- |
- |
- |
- |
Increase (Decrease) in Pension and Postretirement Obligations |
- |
- |
- |
- |
-399.00 |
Pension liabilities |
- |
- |
- |
- |
- |
Increase (Decrease) in Client Funds Held |
66.00 |
124.00 |
-2.00 |
-143.00 |
-713.00 |
Other Working Capital |
328.00 |
335.00 |
-45.00 |
46.00 |
-103.00 |
Other Noncash Income (Expense) |
- |
- |
- |
- |
- |
Other net |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Operating Activities |
- |
- |
- |
- |
120.00 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Operating Activities |
1,312.00 |
1,242.00 |
559.00 |
739.00 |
1,018.00 |
Capital Expenditures |
-185.00 |
-278.00 |
-281.00 |
-179.00 |
-241.00 |
Sale of Capital Items |
- |
- |
- |
- |
- |
Short-term investments - liq. |
1,492.00 |
2,010.00 |
1,440.00 |
629.00 |
- |
Payments to Acquire Marketable Securities |
-2,069.00 |
-1,879.00 |
-1,112.00 |
-455.00 |
- |
Proceeds from sales of other investments |
30.00 |
305.00 |
152.00 |
105.00 |
- |
Payments For Proceeds From Marketable Securities |
- |
- |
- |
- |
- |
Net Purchases Of Short Term Investment Non Fiduciary |
- |
- |
- |
- |
- |
Purchases of other investments |
8.00 |
34.00 |
-75.00 |
-155.00 |
- |
Minority interest |
- |
- |
- |
- |
- |
Proceeds from sale of investments |
125.00 |
- |
- |
- |
- |
Payments for (Proceeds from) Other Investments |
- |
- |
- |
- |
160.00 |
Purchases of non-current assets |
- |
-678.00 |
-633.00 |
3.00 |
- |
Payments to Acquire Businesses, Net of Cash Acquired |
- |
- |
- |
- |
-97.00 |
Investment in affiliate |
-56.00 |
-111.00 |
-107.00 |
-85.00 |
- |
Proceeds from Divestiture of Businesses, Net of Cash Divested |
48.00 |
- |
- |
- |
- |
Proceeds from sale of assets |
- |
- |
- |
- |
- |
Note receivable |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Other Net |
- |
- |
- |
- |
- |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Investing Activities |
-607.00 |
-597.00 |
-616.00 |
-137.00 |
-186.00 |
Short-term debt Net |
-77.00 |
-163.00 |
-395.00 |
11.00 |
- |
Other borrowing transactions |
- |
- |
- |
- |
- |
Long-term debt - borrowings |
122.00 |
519.00 |
400.00 |
250.00 |
1,673.00 |
Long-term debt - repayments |
-430.00 |
-547.00 |
-148.00 |
-70.00 |
-1,688.00 |
Noncontrolling interest |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
-6.00 |
597.00 |
49.00 |
-59.00 |
-627.00 |
Exercise of stock options |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Pref. Stock |
- |
-87.00 |
- |
- |
-24.00 |
Discontinued Operations |
- |
- |
- |
- |
- |
Other financing activities net |
-89.00 |
-682.00 |
-285.00 |
-219.00 |
- |
Other net |
- |
- |
- |
- |
- |
Sale Leaseback Transaction Net Proceeds |
- |
- |
- |
- |
- |
Proceeds Payment Towards Issuance of Shares Under Incentive and Sharebased Compensation Plans Net of Payments Relatedto Tax Withholding for Sharebased Compensation |
- |
- |
- |
- |
- |
Payment For Issuance Of Shares For Employee Benefit Plans |
- |
- |
- |
- |
- |
Increase In Fiduciary Liabilities Net Of Fiduciary Receivables |
- |
- |
- |
- |
- |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations |
- |
- |
- |
- |
- |
Payments of Ordinary Dividends, Noncontrolling Interest |
- |
- |
- |
- |
-30.00 |
Dividends paid |
-190.00 |
-233.00 |
-241.00 |
-226.00 |
-200.00 |
Net Cash flow from
Financing Activities |
-670.00 |
-596.00 |
-620.00 |
-313.00 |
-896.00 |
Effect of exchange rate on cash flow |
21.00 |
18.00 |
-2.00 |
-8.00 |
-10.00 |
Discontinued operations |
- |
- |
- |
- |
- |
Free
Cash Flow |
1,127.00 |
964.00 |
278.00 |
560.00 |
777.00 |
Total Cash Flow |
56.00 |
67.00 |
-679.00 |
281.00 |
-74.00 |
Cash & cash equiv. at beg.
of the Year |
484.00 |
439.00 |
1,118.00 |
837.00 |
346.00 |
Cash & cash equivalents at
end of period |
540.00 |
506.00 |
439.00 |
1,118.00 |
- |
Cash Interests paid |
- |
- |
- |
- |
240.00 |
Cash Income taxes paid |
- |
- |
- |
- |
77.00 |