10-K
UNION CARBIDE CORP /NEW/ filed this Form 10-K on 02/15/2018
Entire Document
 

Union Carbide Corporation and Subsidiaries
Consolidated Statements of Cash Flows

(In millions) For the years ended Dec 31,
2017
2016
2015
Operating Activities
 
 
 
Net Income Attributable to Union Carbide Corporation
$
205

$
89

$
808

Adjustments to reconcile net income to net cash provided by operating activities:




Depreciation and amortization
200

190

184

Provision (credit) for deferred income tax
414

(297
)
(44
)
Earnings of nonconsolidated affiliate in excess of dividends received

(1
)
(1
)
Net gain on sales of property and investments
(26
)
(51
)
(7
)
Net gain on sale of ownership interest in nonconsolidated affiliate
(4
)


Net gain on ownership transfer of property


(23
)
Asbestos-related charge

1,113


Restructuring and asset related charges - net
74

4

19

Net periodic pension benefit cost
28

27

68

Pension contributions
(162
)
(52
)
(2
)
Other, net

(1
)
1

Changes in assets and liabilities:
 
 
 
Accounts and notes receivable
7

(7
)
39

Related company receivables
44

132

191

Inventories
29

(4
)
62

Accounts payable
36

18

(22
)
Related company payables
166

45

(413
)
Asbestos-related payments
(121
)
(61
)
(76
)
Other assets and liabilities
(112
)
(457
)
569

Cash provided by operating activities
778

687

1,353

Investing Activities
 

 

 
Capital expenditures
(223
)
(267
)
(270
)
Proceeds from sale of ownership interest in nonconsolidated affiliate
22



Changes in noncurrent receivable from related company
3

5

69

Proceeds from sales of property
18

60

40

Cash acquired in ownership transfer of property


5

Purchases of investments
(1
)
(1
)
(27
)
Proceeds from sales of investments
9

5

1

Cash used for investing activities
(172
)
(198
)
(182
)
Financing Activities
 

 

 
Dividends paid to stockholder
(603
)
(500
)
(1,170
)
Payments on long-term debt
(1
)
(1
)
(1
)
Cash used for financing activities
(604
)
(501
)
(1,171
)
Summary
 

 

 
Increase (Decrease) in cash and cash equivalents
2

(12
)

Cash and cash equivalents at beginning of year
11

23

23

Cash and cash equivalents at end of year
$
13

$
11

$
23

 
 
 
 
Supplemental Cash Flow Information
 
 
 
Cash paid (refunded) for:
 
 
 
Interest, net of amounts capitalized
$
37

$
38

$
39

Income taxes
$
254

$
697

$
(125
)
See Notes to the Consolidated Financial Statements.


22