| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||
Net income | ||||||||||
2,365 | 2,034 | 2,055 | 2,718 | 2,907 | 2,812 | 3,315 | 2,732 | 3,136 | 3,378 | 3,855 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
1,101 | 1,135 | 1,160 | 1,305 | 1,318 | 1,182 | 995 | 702 | 655 | 661 | 602 |
Pension and other employee benefits | ||||||||||
- | - | - | - | 6 | -13 | -49 | -51 | -28 | 43 | -61 |
Deferred taxes | ||||||||||
-205 | -147 | -219 | 65 | -137 | 64 | -34 | 151 | - | - | - |
Net loss from derivatives and foreign exchange | ||||||||||
-39 | -10 | -15 | -167 | 39 | - | - | - | - | - | - |
Deferred taxes | ||||||||||
- | - | - | - | - | - | - | - | -56 | -199 | -351 |
Net gain from sale of property, plant and equipment | ||||||||||
36 | 38 | 26 | 17 | 18 | 26 | 47 | 39 | 15 | 49 | -46 |
Net loss (gain) from sale of businesses | ||||||||||
252 | -10 | -20 | 543 | -16 | -2 | - | - | - | - | - |
Share-based payment arrangements | ||||||||||
58 | 54 | 61 | 73 | - | - | - | - | - | - | - |
Loss (income) from equity-accounted companies | ||||||||||
- | - | - | - | - | - | - | 3 | -2 | 15 | 55 |
Other | ||||||||||
-11 | -112 | -94 | -55 | -79 | -169 | -107 | -106 | -6 | 233 | 280 |
Changes in operating assets and liabilities: | ||||||||||
Gain on sale of discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 541 |
Trade receivables, net | ||||||||||
80 | -10 | -162 | 12 | 555 | 310 | 731 | 407 | -256 | 1,266 | 1,323 |
Inventories, net | ||||||||||
55 | -115 | -105 | 176 | -324 | -61 | 600 | 264 | -1,130 | 800 | 551 |
Trade payables | ||||||||||
599 | 340 | -112 | 257 | -70 | -57 | 213 | 678 | -718 | 522 | 530 |
Accrued liabilities | ||||||||||
112 | 80 | -24 | 9 | 71 | 162 | - | - | - | - | - |
Billings in excess of sales | ||||||||||
-27 | -25 | 35 | -118 | -168 | 152 | 150 | 89 | 295 | 539 | 374 |
Provisions, net | ||||||||||
30 | 14 | 330 | -127 | 199 | -109 | -391 | -69 | -241 | 677 | -362 |
Advances from customers | ||||||||||
-120 | -163 | 106 | 39 | -145 | 181 | 47 | -25 | -316 | 130 | 411 |
Income taxes payable and receivable | ||||||||||
196 | 125 | -32 | -13 | -18 | -261 | - | - | - | - | - |
Other assets and liabilities, net | ||||||||||
-63 | -177 | -88 | -163 | 117 | 230 | -637 | -597 | 67 | -104 | -292 |
Net cash provided by operating activities | ||||||||||
3,799 | 3,843 | 3,818 | 3,845 | 3,653 | 3,779 | 3,612 | 4,197 | 4,027 | 3,958 | 3,054 |
Investing activities: | ||||||||||
Purchases of marketable securities (available-for-sale) | ||||||||||
312 | 1,214 | 1,925 | 1,430 | 526 | 2,288 | 2,809 | 3,391 | 243 | 1,081 | 6,428 |
Purchases of marketable securities (held-to-maturity) | ||||||||||
- | - | - | - | - | - | - | 65 | 918 | - | - |
Purchases of short-term investments | ||||||||||
393 | 3,092 | 614 | 1,465 | 30 | 67 | 142 | 2,165 | 3,824 | 2,512 | 3,679 |
Purchases of property, plant and equipment and intangible assets | ||||||||||
949 | 831 | 876 | 1,026 | 1,106 | 1,293 | 1,021 | 840 | 967 | 1,171 | 756 |
Acquisition of businesses (net of cash acquired) and increases in cost- and equity-accounted companies | ||||||||||
2,130 | 26 | 56 | 70 | 914 | 3,694 | 4,020 | 1,313 | 161 | 653 | 54 |
Proceeds from sales of marketable securities (available-for-sale) | ||||||||||
514 | 1,057 | 434 | 361 | 1,367 | 1,655 | 3,717 | 807 | 79 | 110 | 6,492 |
Proceeds from maturity of marketable securities (available-for-sale) | ||||||||||
100 | 539 | 1,022 | 523 | 118 | - | 483 | 531 | 855 | - | - |
Proceeds from maturity of marketable securities (held-to-maturity) | ||||||||||
- | - | - | - | - | - | - | 290 | 730 | - | - |
Proceeds from short-term investments | ||||||||||
945 | 2,241 | 653 | 1,011 | 47 | 27 | 529 | 3,276 | 2,253 | 5,305 | 868 |
Proceeds from sales of property, plant and equipment | ||||||||||
66 | 61 | 68 | 33 | 80 | 40 | 57 | - | 36 | 94 | 75 |
Proceeds from sales of businesses (net of transaction costs and cash disposed) and cost- and equity-accounted companies | ||||||||||
-607 | 1 | -69 | -1,110 | 62 | 16 | - | - | - | - | - |
Net cash from settlement of foreign currency derivatives | ||||||||||
-63 | 57 | -231 | 179 | -180 | - | - | - | - | - | - |
Proceeds from sales of businesses and equity-accounted companies (net of cash disposed) | ||||||||||
- | - | - | - | - | - | 8 | - | 16 | 46 | 1,142 |
Other investing activities | ||||||||||
-39 | -18 | -20 | -11 | -5 | -29 | 55 | -123 | - | 31 | 7 |
Net cash used in investing activities | ||||||||||
-1,450 | -1,305 | -974 | -1,121 | -717 | -5,575 | -3,253 | -2,747 | -2,172 | 114 | -2,291 |
Financing activities: | ||||||||||
Changes in financing and other non-current receivables, net | ||||||||||
- | - | - | - | - | - | - | - | 28 | -7 | -56 |
Net changes in debt with maturities of 90 days or less | ||||||||||
207 | -152 | 3 | -103 | -697 | 570 | 450 | 52 | -59 | -10 | -19 |
Increase in debt | ||||||||||
921 | 912 | 68 | 150 | 492 | 5,986 | 2,580 | 277 | 586 | 458 | 210 |
Repayment of debt | ||||||||||
1,007 | 1,249 | 101 | 90 | 1,893 | 1,104 | 2,576 | 497 | 705 | 786 | 247 |
Delivery of shares | ||||||||||
163 | 192 | 107 | 38 | 74 | 90 | 110 | - | - | - | - |
Purchase of treasury stock | ||||||||||
251 | 1,299 | 1,487 | 1,003 | - | - | - | 228 | - | 621 | 199 |
Dividends paid | ||||||||||
1,635 | - | 1,357 | 1,841 | 1,667 | 1,626 | 1,569 | - | - | - | - |
Reduction in nominal value of common shares paid to shareholders | ||||||||||
- | 1,610 | 392 | - | - | - | - | - | - | - | - |
Delivery of shares | ||||||||||
- | - | - | - | - | - | - | 78 | 89 | 49 | 241 |
Dividends paid in the form of nominal value reduction | ||||||||||
- | - | - | - | - | - | - | 1,112 | 1,027 | 1,060 | 449 |
Acquisition of noncontrolling interests | ||||||||||
- | - | - | - | - | - | 13 | 956 | 48 | - | - |
Dividends paid to noncontrolling shareholders | ||||||||||
127 | 122 | 137 | 132 | 149 | 121 | 157 | 193 | 193 | 152 | 117 |
Other financing activities | ||||||||||
-6 | -27 | -84 | -43 | -16 | -33 | -33 | 49 | 8 | 3 | -45 |
Net cash used in financing activities | ||||||||||
-1,735 | -3,355 | -3,380 | -3,024 | -3,856 | 3,762 | -1,208 | -2,530 | -1,349 | -2,119 | -625 |
Effects of exchange rate changes on cash and equivalents | ||||||||||
268 | -104 | -342 | -278 | 66 | 90 | -229 | -142 | 214 | -230 | 275 |
Adjustment for the net change in cash and equivalents in assets held for sale and in discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | 26 | 39 |
Net change in cash and equivalents-continuing operations | ||||||||||
882 | -921 | -878 | -578 | -854 | 2,056 | -1,078 | -1,222 | 720 | 1,749 | 452 |
Supplementary disclosure of cash flow information: | ||||||||||
Interest paid | ||||||||||
205 | 213 | 221 | 259 | 287 | 189 | 165 | 94 | 156 | 244 | 246 |
Taxes paid | ||||||||||
894 | 814 | 1,043 | 1,155 | 1,278 | 1,211 | 1,305 | 884 | 1,090 | 1,065 | 780 |