Cash Flow Information: 2001 & 2002
Cash from Operating Activities:
Working Capital & Other $ 975 $ 386
Off-Balance Sheet Debt Related to
Accounts Receivable Financing (688) (147)
Total Cash from Operating Activities 287 239
Cash used by Investing Activities (70) (28)
Cash from Financing Activities:
Proceeds from stock options 20 10
Repayment of debt (98) (125)
Total Cash used by Financing Activities (78) (115)
Effect of Exchange Rate Change (16) 19
Increase in Cash & Cash Equivalent $ 123 $ 115
Model flexes up or down with an increase or decrease in revenue.
Total Debt (including off-BS debt) reduced by over $1 Billion during 2001 & 2002.