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These excerpts taken from the RAI 10-K filed Feb 23, 2009. 2007
Compared with 2006
Net cash flows from operating activities were
$1,331 million in 2007, compared with net cash flows from
operating activities of $1,457 million in 2006. This
decrease was the result of higher income tax and interest
payments in 2007, partially offset by increased net income in
2007.
Net cash flows from investing activities were $763 million
in 2007, compared with net cash flows used in investing
activities of $3,531 million in 2006. This change was
primarily driven by the acquisition of the Conwood companies in
2006 and higher net proceeds from the sale of short-term
investments in 2007.
Net cash flows used in financing activities were
$1,312 million in 2007, compared with net cash flows
provided by financing activities of $2,174 million in 2006.
This change reflects prior year RAI debt issuances related to
the acquisition of the Conwood companies, as well as increased
dividend payments, long-term debt repayment and repurchase of
RAI common stock in 2007.
2007 Compared with 2006 Net cash flows from operating activities were $1,331 million in 2007, compared with net cash flows from operating activities of $1,457 million in 2006. This decrease was the result of higher income tax and interest payments in 2007, partially offset by increased net income in 2007. Net cash flows from investing activities were $763 million in 2007, compared with net cash flows used in investing activities of $3,531 million in 2006. This change was primarily driven by the acquisition of the Conwood companies in 2006 and higher net proceeds from the sale of short-term investments in 2007. Net cash flows used in financing activities were $1,312 million in 2007, compared with net cash flows provided by financing activities of $2,174 million in 2006. This change reflects prior year RAI debt issuances related to the acquisition of the Conwood companies, as well as increased dividend payments, long-term debt repayment and repurchase of RAI common stock in 2007. These excerpts taken from the RAI 10-K filed Feb 27, 2008. 2007
Compared with 2006
Net cash flows from operating activities were $1.3 billion
in 2007, compared with net cash flows from operating activities
of $1.5 billion in 2006. This decrease was the result of
higher income tax and interest payments in 2007, partially
offset by increased net income in 2007.
Net cash flows from investing activities were $763 million
in 2007, compared with net cash flows used in investing
activities of $3.5 billion in 2006. This change was
primarily driven by the acquisition of the Conwood companies in
2006 and higher net proceeds from the sale of short-term
investments in 2007.
Net cash flows used in financing activities were
$1.3 billion in 2007, compared with net cash flows provided
by financing activities of $2.2 billion in 2006. This
change reflects prior year RAI debt issuances related to the
acquisition of the Conwood companies, as well as increased
dividend payments, long-term debt repayment and repurchase of
RAI common stock in 2007.
2007 Compared with 2006 Net cash flows from operating activities were $1.3 billion in 2007, compared with net cash flows from operating activities of $1.5 billion in 2006. This decrease was the result of higher income tax and interest payments in 2007, partially offset by increased net income in 2007. Net cash flows from investing activities were $763 million in 2007, compared with net cash flows used in investing activities of $3.5 billion in 2006. This change was primarily driven by the acquisition of the Conwood companies in 2006 and higher net proceeds from the sale of short-term investments in 2007. Net cash flows used in financing activities were $1.3 billion in 2007, compared with net cash flows provided by financing activities of $2.2 billion in 2006. This change reflects prior year RAI debt issuances related to the acquisition of the Conwood companies, as well as increased dividend payments, long-term debt repayment and repurchase of RAI common stock in 2007. | EXCERPTS ON THIS PAGE:
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