Registration document 2007 - Total.com
Registration document 2007 - Total.com
Registration document 2007 - Total.com
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Consolidated statement of cash flows<br />
TOTAL<br />
Appendix 1 – Consolidated financial statements<br />
Consolidated statement of cash flows<br />
(note 26)<br />
For the year ended December 31 (in M€)<br />
CASH FLOW FROM OPERATING ACTIVITIES 2006 2005 2004<br />
Consolidated net in<strong>com</strong>e 12,135 12,643 11,149<br />
Depreciation, depletion, and amortization 5,555 6,083 6,682<br />
Non-current liabilities, valuation allowances, and deferred taxes 601 515 715<br />
Impact of coverage of pension benefit plans (179) (23) (181)<br />
(Gains) Losses on sales of assets (789) (99) (3,139)<br />
Undistributed affiliates’ equity earnings (952) (596) (583)<br />
(Increase) Decrease in operating assets and liabilities (441) (4,002) (253)<br />
Other changes, net 131 148 272<br />
Cash flow from operating activities 16,061 14,669 14,662<br />
CASH FLOW USED IN INVESTING ACTIVITIES<br />
Intangible assets and property, plant and equipment additions (9,910) (8,848) (7,777)<br />
Acquisitions of subsidiaries, net of cash acquired (127) (1,116) (131)<br />
Investments in equity affiliates and other securities (402) (280) (209)<br />
Increase in non-current loans (1,413) (951) (787)<br />
<strong>Total</strong> expenditures (11,852) (11,195) (8,904)<br />
Proceeds from sale of intangible assets and property, plant and equipment 413 274 225<br />
Proceeds from sale of subsidiaries, net of cash sold 18 11 1<br />
Proceeds from sale of non-current investments 699 135 408<br />
Repayment of non-current loans 1,148 668 558<br />
<strong>Total</strong> divestitures 2,278 1,088 1,192<br />
Cash flow used in investing activities (9,574) (10,107) (7,712)<br />
CASH FLOW USED IN FINANCING ACTIVITIES<br />
Issuance (repayment) of shares:<br />
– Parent <strong>com</strong>pany’s shareholders 511 17 371<br />
– Treasury shares (3,830) (3,189) (3,554)<br />
– Minority shareholders 17 83 162<br />
– Subsidiaries’ redeemable preferred shares - (156) (241)<br />
Cash dividends paid to:<br />
– Parent <strong>com</strong>pany’s shareholders (3,999) (3,510) (4,293)<br />
– Minority shareholders (326) (237) (207)<br />
Net issuance (repayment) of non-current debt 3,722 2,878 2,249<br />
Increase (Decrease) in current borrowings (6) (951) (2,195)<br />
Increase (Decrease) in current financial assets and liabilities (3,496) - -<br />
Other changes, net - (1) (6)<br />
Cash flow used in financing activities (7,407) (5,066) (7,714)<br />
Net increase/decrease in cash and cash equivalents (920) (504) (764)<br />
Effect of exchange rates and changes in reporting entity (905) 962 (236)<br />
Cash and cash equivalents at the beginning of the period 4,318 3,860 4,860<br />
Cash and cash equivalents at the end of the period 2,493 4,318 3,860<br />
9<br />
TOTAL – <strong>Registration</strong> Document 2006 171