GENERAL DYNAMICS CORP | 2013 | FY | 3


CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Year Ended December 31, 2011
Parent
Guarantors
on a
Combined
Basis
Other
Subsidiaries
on a
Combined
Basis
Consolidating
Adjustments
Total
Consolidated
Net cash provided by operating activities
$
(359
)
$
3,524

$
73

$

$
3,238

Cash flows from investing activities:
 
 
 
 
 
Business acquisitions, net of cash acquired
(233
)
(1,327
)


(1,560
)
Purchases of held-to-maturity securities
(459
)



(459
)
Maturities of held-to-maturity securities
334


107


441

Capital expenditures
(6
)
(381
)
(71
)

(458
)
Purchases of available-for-sale securities
(274
)
(99
)


(373
)
Other, net
246

192

(3
)

435

Net cash used by investing activities
(392
)
(1,615
)
33


(1,974
)
Cash flows from financing activities:
 
 
 
 
 
Proceeds from fixed-rate notes
1,497




1,497

Purchases of common stock
(1,468
)



(1,468
)
Repayment of fixed-rate notes
(750
)



(750
)
Dividends paid
(673
)



(673
)
Other, net
216

(20
)
(3
)

193

Net cash used by financing activities
(1,178
)
(20
)
(3
)

(1,201
)
Net cash used by discontinued operations
(27
)



(27
)
Cash sweep/funding by parent
1,878

(1,889
)
11



Net increase in cash and equivalents
(78
)

114


36

Cash and equivalents at beginning of year
1,608


1,005


2,613

Cash and equivalents at end of year
$
1,530

$

$
1,119

$

$
2,649

Year Ended December 31, 2012
Parent
Guarantors
on a
Combined
Basis
Other
Subsidiaries
on a
Combined
Basis
Consolidating
Adjustments
Total
Consolidated
Net cash provided by operating activities
$
(541
)
$
2,850

$
378

$

$
2,687

Cash flows from investing activities:
 
 
 
 
 
Capital expenditures
(2
)
(390
)
(58
)

(450
)
Business acquisitions, net of cash acquired
(121
)
(297
)
(26
)

(444
)
Other, net
221

(1
)
18


238

Net cash used by investing activities
98

(688
)
(66
)

(656
)
Cash flows from financing activities:
 
 
 
 
 
Repayment of fixed-rate notes
(2,400
)



(2,400
)
Proceeds from fixed-rate notes
2,382




2,382

Dividends paid
(893
)



(893
)
Purchases of common stock
(602
)



(602
)
Other, net
154

(21
)
(2
)

131

Net cash used by financing activities
(1,359
)
(21
)
(2
)

(1,382
)
Net cash used by discontinued operations
(2
)



(2
)
Cash sweep/funding by parent
2,522

(2,141
)
(381
)


Net increase in cash and equivalents
718


(71
)

647

Cash and equivalents at beginning of year
1,530


1,119


2,649

Cash and equivalents at end of year
$
2,248

$

$
1,048

$

$
3,296


R. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Year Ended December 31, 2013
Parent
Guarantors
on a
Combined
Basis
Other
Subsidiaries
on a
Combined
Basis
Consolidating
Adjustments
Total
Consolidated
Net cash provided by operating activities
$
(454
)
$
2,810

$
750

$

$
3,106

Cash flows from investing activities:
 
 
 
 
 
Capital expenditures
(1
)
(381
)
(58
)

(440
)
Other, net
3

59

11


73

Net cash used by investing activities
2

(322
)
(47
)

(367
)
Cash flows from financing activities:
 
 
 
 
 
Purchases of common stock
(740
)



(740
)
Dividends paid
(591
)



(591
)
Proceeds from option exercises
583




583

Other, net
23




23

Net cash used by financing activities
(725
)



(725
)
Net cash used by discontinued operations
(9
)



(9
)
Cash sweep/funding by parent
3,113

(2,488
)
(625
)


Net increase in cash and equivalents
1,927


78


2,005

Cash and equivalents at beginning of year
2,248


1,048


3,296

Cash and equivalents at end of year
$
4,175

$

$
1,126

$

$
5,301


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