The Business of Value Investing.pdf

Table 6.3 Ensco Corp. Cash Flow StatementUSD (except for per share items)

12 Months Ending 2007–12-31

12 Months Ending 2006–12-31

12 Months Ending 2005–12-31

12 Months Ending 2004–12-31

Net income/starting line

992.00

769.70

284.90

93.00

Depreciation/depletion

184.30

175.00

153.40

133.00

Amortization





Deferred taxes

0.40

15.90

6.90

18.90

Non-cash items

38.50

24.40

23.20

35.50

Changes in working capital

26.80

–37.50

–110.10

–24.80

Cash from operating activities

1,242.00

947.50

358.30

255.60

Capital expenditures

–519.90

–528.60

–477.10

–304.50

Other investing cash flow items, total

7.70

26.60

135.40

–8.40

Cash from investing activities

–512.20

–502.00

–341.70

–312.90

Financing cash flow items

2.50

2.60

–8.10

1.50

Total cash dividends paid

–14.80

–15.30

–15.20

–15.10

Issuance (retirement) of stock, net

–485.80

–118.20

67.20

7.80

Issuance (retirement) of debt, net

–167.20

–17.10

–58.30

–23.00

Cash from financing activities

–665.30

–148.00

–14.40

–28.80

Foreign exchange effects

–0.80

–0.20

–0.70

–0.90

Net change in cash

63.70

297.30

1.50

–87.00

Cash interest paid, supplemental

4.60

15.30

29.70

33.40

Cash taxes paid, supplemental

214.30

206.30

143.10

18.00

Source: Google Finance (finance.google.com).

107

CH006.indd 107CH006.indd 107 9/2/09 6:58:08 PM9/2/09 6:58:08 PM