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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities:  
Net earnings$ 1,258.8$ 214.0
Adjustments to reconcile net earnings to net cash provided by operating activities:  
Depreciation, depletion and amortization314.9288.5
Deferred income taxes (benefit)16.441.5
Stock compensation expense8.05.8
Excess tax benefit from stock-based compensation(25.7)(1.2)
Unrealized loss on derivatives27.620.9
Inventory valuation allowance 0.4
Loss on extinguishment of debt 17.0
Gain on sale of marketable equity securities (28.3)
Loss (gain) on disposal or impairment of property, plant and equipment and non-core assets7.4(0.1)
Undistributed earnings of affiliates - net(51.5)(31.1)
Changes in (net of effects of acquisition):  
Accounts receivable(33.7)77.6
Margin deposits4.4(4.4)
Inventories(75.1)76.3
Accrued income taxes21.2(31.3)
Accounts payable and accrued expenses42.5(67.0)
Customer advances - net446.854.7
Other - net(6.9)0.7
Net cash provided by operating activities1,955.1634.0
Investing Activities:  
Additions to property, plant and equipment(169.2)(188.5)
Proceeds from the sale of property, plant and equipment and non-core assets51.312.7
Purchases of short-term securities (25.5)
Sales and maturities of short-term and auction rate securities36.9219.5
Sale of marketable equity securities 167.1
Deposits to asset retirement obligation funds (3.7)
Purchase of Terra Industries Inc. - net of cash acquired (3,177.8)
Other - net31.231.0
Net cash used in investing activities(49.8)(2,965.2)
Financing Activities:  
Proceeds from long-term borrowings 5,197.2
Payments of long-term debt(346.0)(3,708.7)
Financing fees(1.5)(209.1)
Purchase of treasury stock(801.9) 
Dividends paid on common stock(42.6)(39.1)
Distributions to noncontrolling interests(127.4)(110.5)
Issuance of common stock 1,150.0
Issuances of common stock under employee stock plans14.51.2
Excess tax benefit from stock-based compensation25.71.2
Net cash (used in) provided by financing activities(1,279.2)2,282.2
Effect of exchange rate changes on cash and cash equivalents2.30.3
Increase (decrease) in cash and cash equivalents628.4(48.7)
Cash and cash equivalents at beginning of period797.7697.1
Cash and cash equivalents at end of period$ 1,426.1$ 648.4