Michelin (ML.FP)
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[[ session ]] by (Cboe BZX)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2004 | 12-2003 | 12-2002 | |
| Cash Flows From Operating Activities | |||
| Accounts receivable | -25,000 | 14,081 | -39,302 |
| Other Working Capital | -377,000 | 134,784 | 308,971 |
| Other Operating Activity | 1,570,000 | 1,393,287 | 1,264,705 |
| Operating Cash Flow | $1,168,000 | $1,542,152 | $1,534,374 |
| Cash Flows From Investing Activities | |||
| PPE Investments | -821,000 | -1,017,212 | -809,489 |
| Net Acquisitions | -60,000 | N/A | N/A |
| Purchase Of Investment | -45,000 | -305,199 | -219,697 |
| Sale Of Investment | N/A | 76,333 | 158,005 |
| Other Investing Activity | 24,000 | 3,415 | -26,000 |
| Investing Cash Flow | $-902,000 | $-1,242,663 | $-897,181 |
| Cash Flows From Financing Activities | |||
| Debt Repayment | -185,000 | N/A | N/A |
| Common Stock Issued | 15,000 | N/A | N/A |
| Dividend Paid | -133,000 | -180,361 | -167,651 |
| Other Financing Activity | -52,000 | 487,219 | -181,483 |
| Financing Cash Flow | $-355,000 | $306,858 | $-349,134 |
| Exchange Rate Effect | -11,000 | -41,759 | -18,005 |
| Beginning Cash Position | 1,755,000 | 1,209,068 | 939,014 |
| End Cash Position | 1,655,000 | 1,773,656 | 1,209,068 |
| Net Cash Flow | $-89,000 | $606,347 | $288,059 |
| Free Cash Flow | |||
| Operating Cash Flow | 1,168,000 | 1,542,152 | 1,534,374 |
| Capital Expenditure | -888,000 | -1,117,798 | -966,959 |
| Free Cash Flow | 280,000 | 424,354 | 567,415 |