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
CIFSA Senior Notes
(in millions)
Medtronic plc
 
CIFSA
 
CIFSA Subsidiary Guarantors
 
Subsidiary Non-guarantors
 
Consolidating
Adjustments
 
Total
Operating Activities:
 
 
 
 
 
 
 
 
 
 
 
Net cash provided by (used in) operating activities
$
644

 
$
879

 
$
162

 
$
2,257

 
$
(920
)
 
$
3,022

Investing Activities:
 
 
 
 
 
 
 
 
 
 
 
Acquisitions, net of cash acquired

 

 

 
(1,306
)
 

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

 

 

 
(598
)
 

 
(598
)
Purchases of investments

 

 

 
(2,110
)
 

 
(2,110
)
Sales and maturities of investments

 

 

 
3,625

 

 
3,625

Net (increase) decrease in intercompany loans

 
3,198

 
(2,117
)
 
2,707

 
(3,788
)
 

Capital contributions paid

 
(325
)
 

 

 
325

 

Other investing activities, net

 

 

 
32

 

 
32

Net cash provided by (used in) investing activities

 
2,873

 
(2,117
)
 
2,350

 
(3,463
)
 
(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

 
(3,634
)
 
929

 
(4,165
)
 
3,788

 

Intercompany dividend paid

 

 

 
(920
)
 
920

 

Capital contributions received

 

 

 
325

 
(325
)
 

Other financing activities

 

 

 
74

 

 
74

Net cash provided by (used in) financing activities
(644
)
 
(3,634
)
 
2,063

 
(4,819
)
 
4,383

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

 

 

 
64

 

 
64

Net change in cash and cash equivalents

 
118

 
108

 
(148
)
 

 
78

Cash and cash equivalents at beginning of period

 
208

 

 
2,668

 

 
2,876

Cash and cash equivalents at end of period
$

 
$
326

 
$
108

 
$
2,520

 
$

 
$
2,954



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