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 28, 2016
Medtronic 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
$
644

 
$
513

 
$
163

 
$
1,702

 
$

 
$
3,022

Investing Activities:
 
 
 
 
 
 
 
 
 
 
 
Acquisitions, net of cash acquired

 
(918
)
 

 
(388
)
 

 
(1,306
)
Additions to property, plant, and equipment

 
(161
)
 

 
(437
)
 

 
(598
)
Purchases of investments

 

 

 
(2,272
)
 
162

 
(2,110
)
Sales and maturities of investments

 
210

 

 
3,577

 
(162
)
 
3,625

Net (increase) decrease in intercompany loans

 
496

 
(2,117
)
 
(1,855
)
 
3,476

 

Capital contribution paid

 
(233
)
 

 

 
233

 

Other investing activities, net

 

 

 
32

 

 
32

Net cash provided by (used in) investing activities

 
(606
)
 
(2,117
)
 
(1,343
)
 
3,709

 
(357
)
Financing Activities:
 
 
 
 
 
 
 
 
 
 
 
Acquisition-related contingent consideration

 

 

 
(36
)
 

 
(36
)
Change in current debt obligations, net

 

 
1,130

 
24

 

 
1,154

Proceeds from current debt obligations (maturities greater than 90 days)

 

 
4

 

 

 
4

Issuance of long-term debt

 

 

 
131

 

 
131

Payments on long-term debt

 

 

 
(252
)
 

 
(252
)
Dividends to shareholders
(1,192
)
 

 

 

 

 
(1,192
)
Issuance of ordinary shares
260

 

 

 

 

 
260

Repurchase of ordinary shares
(2,794
)
 

 

 

 

 
(2,794
)
Net intercompany loan borrowings (repayments)
3,082

 
109

 
928

 
(643
)
 
(3,476
)
 

Capital contribution received

 

 

 
233

 
(233
)
 

Other financing activities

 

 

 
74

 

 
74

Net cash provided by (used in) financing activities
(644
)
 
109

 
2,062

 
(469
)
 
(3,709
)
 
(2,651
)
Effect of exchange rate changes on cash and cash equivalents

 

 

 
64

 

 
64

Net change in cash and cash equivalents

 
16

 
108

 
(46
)
 

 
78

Cash and cash equivalents at beginning of period

 
55

 

 
2,821

 

 
2,876

Cash and cash equivalents at end of period
$

 
$
71

 
$
108

 
$
2,775

 
$

 
$
2,954



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