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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 2,844 $ 1,842 $ 1,155
Depreciation, depletion, and amortization 1,359 1,119 931
Payments related to KBR TSKJ matters (6) (177) (417)
(Benefit) provision for deferred income taxes, continuing operations (30) 124 274
(Income) loss from discontinued operations, net 166 (40) 9
Other changes:      
Receivables (1,218) (902) 869
Inventories (564) (331) 232
Accounts payable 649 330 (118)
Other 484 247 (529)
Total cash flows from operating activities 3,684 2,212 2,406
Cash flows from investing activities:      
Capital expenditures (2,953) (2,069) (1,864)
Sales of marketable securities 1,001 1,925 300
Purchases of marketable securities (501) (1,282) (1,620)
Acquisitions of business assets, net of cash acquired (880) (523) (55)
Other investing activities 143 194 154
Total cash flows from investing activities (3,190) (1,755) (3,085)
Cash flows from financing activities:      
Proceeds from long-term borrowings, net of offering costs 978 0 1,975
Payments on long-term borrowings 0 (790) (31)
Dividends to shareholders (330) (327) (324)
Proceeds from exercises of stock options 160 102 74
Payments to reacquire common stock (43) (141) (17)
Other financing activities 68 42 (7)
Total cash flows from financing activities 833 (1,114) 1,670
Effect of exchange rate changes on cash (27) (27) (33)
Increase (decrease) in cash and equivalents 1,300 (684) 958
Cash and equivalents at beginning of year 1,398 2,082 1,124
Cash and equivalents at end of year 2,698 1,398 2,082
Cash payments during the year for:      
Interest 261 310 251
Income taxes $ 1,285 $ 804 $ 485