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    H. J. Heinz Company Statement of Cash Flows (In Thousands) For 2009

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    Adoree Ramos
    The H.J. Heinz Company generated $1.17 billion in cash from operating activities in 2009. They used $761 million in cash for investing activities such as purchasing property and equipment and acquiring other companies. For financing activities, they used $516 million in cash, primarily to pay down long-term debt, pay dividends, and purchase stock. As a result, their cash balance decreased by $244 million.

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    H. J. Heinz Company Statement of Cash Flows (In Thousands) For 2009

    Uploaded by

    Adoree Ramos
    56 views4 pages
    The H.J. Heinz Company generated $1.17 billion in cash from operating activities in 2009. They used $761 million in cash for investing activities such as purchasing property and equipment and acquiring other companies. For financing activities, they used $516 million in cash, primarily to pay down long-term debt, pay dividends, and purchase stock. As a result, their cash balance decreased by $244 million.

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    BusinessFinnaceBalanceSheetHeinz

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    The H.J. Heinz Company generated $1.17 billion in cash from operating activities in 2009. They used $761 million in cash for investing activities such as purchasing property and equipment and acquiring other companies. For financing activities, they used $516 million in cash, primarily to pay down long-term debt, pay dividends, and purchase stock. As a result, their cash balance decreased by $244 million.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    56 views4 pages

    H. J. Heinz Company Statement of Cash Flows (In Thousands) For 2009

    Uploaded by

    Adoree Ramos
    The H.J. Heinz Company generated $1.17 billion in cash from operating activities in 2009. They used $761 million in cash for investing activities such as purchasing property and equipment and acquiring other companies. For financing activities, they used $516 million in cash, primarily to pay down long-term debt, pay dividends, and purchase stock. As a result, their cash balance decreased by $244 million.

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    © All Rights Reserved
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    H. J.

    Heinz Company Statement of Cash Flows (in


    thousands) for 2009

    Operating activities
    Net income 923,072
    Depreciation and amortization 281,375
    Deferred taxes 108,081
    Other - 197,409

    Change in current asset and liabilities


    Receivables - 10,866
    Inventory 50,731
    Accounts payable - 62,934
    Accruals 24,641
    Income taxes 61,216
    Other - 11,025.00
    Cash provided by opearting activities 1,166,882.00

    Investing activities
    Purchases of plant and equipment - 292,121
    Proceeds from sale of plant and equipment 5,407
    Acquisitions - 293,898
    Other - 180,582
    Cash used for investing activities - 761,194

    Financing activities
    Payment of long-term debt - 427,417
    Proceeds from sale of long term debt 853,051
    Payment for short-term debt - 483,666
    Dividends - 525,293
    Purchases of stock - 181,431
    Other 248,420
    Cash used for financing activities - 516,336
    Effect of exchange rate changes - 133,894
    Net (decrease )/increase in cash - 244,542
    Cash at the beginning of the year 617,687
    Cash at the end of the year 373,145
    H. J. Heinz Company Statement of Income (in
    thousands, except per share data)

    As of the end of the fiscal year 2009 2008


    Sales 10,148,082 10,070,778
    Cost of products sold 6,564,447 6,390,086
    Gross profit 3,583,635 3,680,692
    Selling and administrative expenses 2,089,983 2,111,725
    Operating income 1,493,652 1,568,967
    Other income 78,033 - 27,836
    Earnings before interest and taxes 1,571,685 1,541,131
    Interest income 64,150 41,519
    Interest expense 339,635 364,856
    Taxes 373,128 372,896
    Net income 923,072 844,898
    Earnings per common share 2.90 2.63
    Cash dividends per share 1.66 1.52
    H. J. Heinz Company Consolidated Balance Sheet (in thousands)

    As of the end of the fiscal year 2009 2008


    Current assets
    Cash and cash equivalents 373,145 617,687
    Receivables (net of allowances) 1,171,797 1,161,481
    Inventories
    Finished goods and work-in process 973,983 1,100,735
    Raw materials and packaging 263,630 277,481
    Total Inventories 1,237,613 1,378,216
    Prepaid expenses 125,765 139,492
    Other current assets 36,701 28,690
    Total current assets 2,945,021 3,325,566

    Property, plant, and equipment


    Land 76,193 56,007
    Buildings 775,217 842,198
    Equipment 3,258,152 3,502,071
    Less accumulated depreciation 2,131,260 2,295,563
    Total property, plant, and equipment 1,978,302 2,104,713
    Other noncurrent assets
    (goodwill, trademarks, and intangibles) 4,740,861 5,134,764
    Total Assets 9,664,184 10,565,043

    Liabilities and Shareholders' Equity


    Current liabilities
    Short-term debt 61,297 124,290
    Long-term debt due within a year 4,341 328,418
    Accounts Payable 1,113,307 1,247,479
    Accrued salaries and wages 324,599 390,895
    Other accrued liabilities 485,406 487,656
    Income taxes 73,896 91,322
    Total current liabilities 2,062,846 2,670,060

    Long-term liabilities
    Long-term debt 5,076,186 4,730,946
    Deferred taxes 345,749 409,186
    Other long-term liabilities 959,465 867,031
    Total long-term liabilities 6,381,400 6,007,163

    Shareholders' equity
    Preferred stock 70 72
    Common stock 107,774 107,774
    (431,096 shares issued, $0.25 par value)
    Additional capital 737,917 617,811
    Retained earnings 6,525,719 6,129,008
    Less:
    Treasury shares at cost 4,881,842 4,905,755
    Other adjustments 1,269,700 61,090
    Total shareholders' equity 1,219,938 1,887,820
    Total liabilities and shareholders' equity 9,664,184 10,565,043

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