10-Q
UNION CARBIDE CORP /NEW/ filed this Form 10-Q on 04/27/2017
Entire Document
 

Union Carbide Corporation and Subsidiaries
Consolidated Statements of Cash Flows

 
Three Months Ended
In millions (Unaudited)
Mar 31,
2017

 
Mar 31,
2016

Operating Activities
 
 
 
Net Income Attributable to Union Carbide Corporation
$
173

 
$
240

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
50

 
45

Provision for deferred income tax
72

 
28

Pension contributions
(161
)
 
(51
)
Other, net

 
(1
)
Changes in assets and liabilities:
 
 
 
Accounts and notes receivable
(21
)
 
(13
)
Related company receivables
146

 
57

Inventories
1

 
(32
)
Accounts payable
7

 
(19
)
Related company payables
(17
)
 
(18
)
Asbestos-related payments
(30
)
 
(14
)
Other assets and liabilities
(1
)
 
31

Cash provided by operating activities
219

 
253

Investing Activities
 

 
 

Capital expenditures
(50
)
 
(53
)
Change in noncurrent receivable from related company
1

 

Proceeds from sales of investments
3

 
2

Cash used in investing activities
(46
)
 
(51
)
Financing Activities
 

 
 

Dividends paid to stockholder
(169
)
 
(200
)
Cash used in financing activities
(169
)
 
(200
)
Summary
 

 
 

Increase in cash and cash equivalents
4

 
2

Cash and cash equivalents at beginning of year
11

 
23

Cash and cash equivalents at end of period
$
15

 
$
25

See Notes to the Consolidated Financial Statements.


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