SEC Filings

10-Q
MEDTRONIC PLC filed this Form 10-Q on 12/04/2017
Entire Document
 
Medtronic plc
Notes to Consolidated Financial Statements
(Unaudited)


Condensed Consolidating Statement of Cash Flows
Six Months Ended October 27, 2017
Medtronic Senior Notes and Medtronic Luxco Senior Notes

(in millions)
Medtronic plc
 
Medtronic, Inc.
 
Medtronic Luxco
 
Subsidiary Non-guarantors
 
Consolidating
Adjustments
 
Total
Operating Activities:
 
 
 
 
 
 
 
 
 
 
 
Net cash provided by (used in) operating activities
$
269

 
$
(743
)
 
$
128

 
$
1,990

 
$

 
$
1,644

Investing Activities:
 
 
 
 
 
 
 
 
 
 
 
Acquisitions, net of cash acquired

 

 

 
(76
)
 

 
(76
)
Proceeds from sale of businesses

 

 

 
6,058

 

 
6,058

Additions to property, plant, and equipment

 
(132
)
 

 
(392
)
 

 
(524
)
Purchases of investments

 

 

 
(1,685
)
 

 
(1,685
)
Sales and maturities of investments

 

 

 
2,354

 

 
2,354

Net (increase) decrease in intercompany loans
(112
)
 
2,204

 
(1,617
)
 
(7,695
)
 
7,220

 

Capital contribution paid

 
(12
)
 
(4,200
)
 

 
4,212

 

Other investing activities, net

 

 

 
(2
)
 

 
(2
)
Net cash provided by (used in) investing activities
(112
)
 
2,060

 
(5,817
)
 
(1,438
)
 
11,432

 
6,125

Financing Activities:
 
 
 
 
 
 
 
 
 
 
 
Acquisition-related contingent consideration

 

 

 
(39
)
 

 
(39
)
Change in current debt obligations, net

 

 
(202
)
 
12

 

 
(190
)
Issuance of long-term debt

 

 

 
20

 

 
20

Payments on long-term debt

 
(3,000
)
 

 
(1,161
)
 

 
(4,161
)
Dividends to shareholders
(1,247
)
 

 

 

 

 
(1,247
)
Issuance of ordinary shares
230

 

 

 

 

 
230

Repurchase of ordinary shares
(1,888
)
 

 

 

 

 
(1,888
)
Net intercompany loan borrowings (repayments)
2,748

 
1,685

 
6,708

 
(3,921
)
 
(7,220
)
 

Capital contribution received

 

 

 
4,212

 
(4,212
)
 

Other financing activities

 

 

 
(2
)
 

 
(2
)
Net cash provided by (used in) financing activities
(157
)
 
(1,315
)
 
6,506

 
(879
)
 
(11,432
)
 
(7,277
)
Effect of exchange rate changes on cash and cash equivalents

 

 

 
70

 

 
70

Net change in cash and cash equivalents

 
2

 
817

 
(257
)
 

 
562

Cash and cash equivalents at beginning of period

 
45

 
5

 
4,917

 

 
4,967

Cash and cash equivalents at end of period
$

 
$
47

 
$
822

 
$
4,660

 
$

 
$
5,529



42

X