Condensed Consolidating Statements of Cash Flows (in millions of dollars):
| Year Ended December 31, 2013 | ||||||||||||||||||||
| Parent | Guarantors | Non- Guarantors |
Consolidating Adjustments |
Chrysler Group LLC Consolidated |
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CASH FLOWS FROM OPERATING ACTIVITIES: |
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NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES |
$ | 4,708 | $ | 593 | $ | 1,551 | $ | (1,316) | $ | 5,536 | ||||||||||
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CASH FLOWS FROM INVESTING ACTIVITIES: |
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Purchases of property, plant and equipment and intangible assets |
(2,606) | (53) | (775) | — | (3,434) | |||||||||||||||
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Proceeds from disposals of property, plant and equipment |
4 | — | 4 | — | 8 | |||||||||||||||
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Purchases of equipment and other assets on operating leases |
— | (28) | — | — | (28) | |||||||||||||||
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Proceeds from disposals of equipment and other assets on operating leases |
— | 5 | 1 | — | 6 | |||||||||||||||
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Change in restricted cash |
45 | — | (7) | — | 38 | |||||||||||||||
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Other |
(3) | — | (3) | 3 | (3) | |||||||||||||||
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NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES |
(2,560) | (76) | (780) | 3 | (3,413) | |||||||||||||||
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CASH FLOWS FROM FINANCING ACTIVITIES: |
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Repayment of Canadian Health Care Trust Note |
— | — | (45) | — | (45) | |||||||||||||||
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Repayments of Auburn Hills Headquarters loan |
— | — | (55) | — | (55) | |||||||||||||||
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Repayments of Mexican development banks credit facility |
— | — | (31) | — | (31) | |||||||||||||||
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Repayments of Tranche B Term Loan |
(30) | — | — | — | (30) | |||||||||||||||
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Repayment of Tranche B Term Loan in connection with amendment |
(790) | — | — | — | (790) | |||||||||||||||
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Proceeds from Tranche B Term Loan in connection with amendment |
790 | — | — | — | 790 | |||||||||||||||
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Debt issuance costs |
(30) | — | — | — | (30) | |||||||||||||||
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Net proceeds from other financial obligations —related party |
(16) | — | 12 | — | (4) | |||||||||||||||
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Net repayments of other financial obligations —third party |
(85) | — | (2) | — | (87) | |||||||||||||||
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Distribution for state tax withholding obligations on behalf of members |
(20) | — | — | — | (20) | |||||||||||||||
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Dividends issued to subsidiaries |
— | (6) | (128) | 134 | — | |||||||||||||||
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Net increase (decrease) in loans to subsidiaries |
(821) | (467) | 106 | 1,182 | — | |||||||||||||||
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Other |
— | — | 3 | (3) | — | |||||||||||||||
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NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |
(1,002) | (473) | (140) | 1,313 | (302) | |||||||||||||||
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Effect of exchange rate changes on cash and cash equivalents |
— | — | (91) | — | (91) | |||||||||||||||
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Net change in cash and cash equivalents |
1,146 | 44 | 540 | — | 1,730 | |||||||||||||||
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Cash and cash equivalents at beginning of period |
9,110 | 127 | 2,377 | — | 11,614 | |||||||||||||||
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Cash and cash equivalents at end of period |
$ | 10,256 | $ | 171 | $ | 2,917 | $ | — | $ | 13,344 | ||||||||||
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Condensed Consolidating Statements of Cash Flows —Continued
| Year Ended December 31, 2012 | ||||||||||||||||||||
| Parent | Guarantors | Non-Guarantors | Consolidating Adjustments |
Chrysler Group LLC Consolidated |
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CASH FLOWS FROM OPERATING ACTIVITIES: |
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NET CASH PROVIDED BY (USED IN) OPERATING |
$ | 4,708 | $ | (195) | $ | 1,576 | $ | (268) | $ | 5,821 | ||||||||||
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CASH FLOWS FROM INVESTING ACTIVITIES: |
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Purchases of property, plant and equipment and intangible assets |
(2,860) | (56) | (717) | — | (3,633) | |||||||||||||||
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Proceeds from disposals of property, plant and equipment |
8 | — | 1 | — | 9 | |||||||||||||||
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Purchases of equipment and other assets on operating leases |
— | (10) | (113) | — | (123) | |||||||||||||||
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Proceeds from disposals of equipment and other assets on operating leases |
— | 18 | 69 | — | 87 | |||||||||||||||
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Change in restricted cash |
88 | — | 2 | — | 90 | |||||||||||||||
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Proceeds from the sale of certain international dealerships to Fiat, net |
— | — | 11 | — | 11 | |||||||||||||||
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Change in loans and notes receivable |
2 | — | — | — | 2 | |||||||||||||||
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NET CASH PROVIDED BY (USED IN) INVESTING |
(2,762) | (48) | (747) | — | (3,557) | |||||||||||||||
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CASH FLOWS FROM FINANCING ACTIVITIES: |
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Repayments of Tranche B Term Loan |
(30) | — | — | — | (30) | |||||||||||||||
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Repayments of Mexican development banks credit facility |
— | — | (15) | — | (15) | |||||||||||||||
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Repayments of Gold Key Lease financing |
— | — | (41) | — | (41) | |||||||||||||||
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Repayment of Canadian Health Care Trust Note |
— | — | (25) | — | (25) | |||||||||||||||
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Repayments of Auburn Hills Headquarters loan |
— | — | (50) | — | (50) | |||||||||||||||
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Net repayment of other financial liabilities |
(72) | — | (12) | — | (84) | |||||||||||||||
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Distribution for state tax withholding obligations on behalf of members |
(6) | — | — | — | (6) | |||||||||||||||
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Dividends issued to subsidiaries |
— | (15) | (75) | 90 | — | |||||||||||||||
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Net increase (decrease) in loans to subsidiaries |
(133) | 62 | (107) | 178 | — | |||||||||||||||
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NET CASH PROVIDED BY (USED IN) FINANCING |
(241) | 47 | (325) | 268 | (251) | |||||||||||||||
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Effect of exchange rate changes on cash and cash equivalents |
— | — | — | — | — | |||||||||||||||
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Net change in cash and cash equivalents |
1,705 | (196) | 504 | — | 2,013 | |||||||||||||||
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Cash and cash equivalents at beginning of period |
7,405 | 323 | 1,873 | — | 9,601 | |||||||||||||||
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Cash and cash equivalents at end of period |
$ | 9,110 | $ | 127 | $ | 2,377 | $ | — | $ | 11,614 | ||||||||||
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| Year Ended December 31, 2011 | ||||||||||||||||||||
| Parent | Guarantors | Non-Guarantors | Consolidating Adjustments |
Chrysler Group LLC Consolidated |
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CASH FLOWS FROM OPERATING ACTIVITIES: |
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NET CASH PROVIDED BY (USED IN) OPERATING |
$ | 3,931 | $ | 249 | $ | 1,842 | $ | (1,419) | $ | 4,603 | ||||||||||
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CASH FLOWS FROM INVESTING ACTIVITIES: |
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Purchases of property, plant and equipment and intangible assets |
(2,000) | (145) | (864) | — | (3,009) | |||||||||||||||
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Proceeds from disposals of property, plant and equipment |
7 | 13 | 15 | — | 35 | |||||||||||||||
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Purchases of equipment and other assets on operating leases |
— | (35) | — | — | (35) | |||||||||||||||
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Proceeds from disposals of equipment and other assets on operating leases |
— | 16 | 688 | — | 704 | |||||||||||||||
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Change in restricted cash |
41 | — | 174 | — | 215 | |||||||||||||||
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Change in loans and notes receivable |
4 | — | 2 | — | 6 | |||||||||||||||
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Proceeds from U.S. Dealer Automotive Receivables Transition LLC |
96 | — | — | — | 96 | |||||||||||||||
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Changes in investments in subsidiaries |
2 | — | — | (2) | — | |||||||||||||||
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Other |
18 | — | — | — | 18 | |||||||||||||||
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NET CASH PROVIDED BY (USED IN) INVESTING |
(1,832) | (151) | 15 | (2) | (1,970) | |||||||||||||||
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CASH FLOWS FROM FINANCING ACTIVITIES: |
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Repayment of U.S. Treasury first lien credit facilities |
(5,460) | — | — | — | (5,460) | |||||||||||||||
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Repayment of Export Development Canada credit facilities |
— | — | (1,723) | — | (1,723) | |||||||||||||||
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Proceeds from Secured Senior Notes |
3,160 | — | — | — | 3,160 | |||||||||||||||
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Proceeds from Tranche B Term Loan |
2,933 | — | — | — | 2,933 | |||||||||||||||
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Repayments of Tranche B Term Loan |
(15) | — | — | — | (15) | |||||||||||||||
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Proceeds from Mexican development banks credit facilities |
— | — | 217 | — | 217 | |||||||||||||||
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Repayments of Gold Key Lease financing |
— | — | (584) | — | (584) | |||||||||||||||
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Repayment of Canadian Health Care Trust Note |
— | — | (26) | — | (26) | |||||||||||||||
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Repayments of Auburn Hills Headquarters loan |
— | — | (13) | — | (13) | |||||||||||||||
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Net repayment of other financial liabilities |
(74) | — | (7) | — | (81) | |||||||||||||||
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Debt issuance costs |
(67) | — | (5) | — | (72) | |||||||||||||||
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Proceeds from Fiat’s incremental equity call option exercise |
1,268 | — | — | — | 1,268 | |||||||||||||||
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Distribution for state tax withholding obligations on behalf of members |
(9) | — | — | — | (9) | |||||||||||||||
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Dividends issued to subsidiaries |
— | (10) | (218) | 228 | — | |||||||||||||||
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Return of capital from subsidiaries |
— | — | (2) | 2 | — | |||||||||||||||
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Net increase (decrease) in loans to subsidiaries |
(1,301) | 152 | (42) | 1,191 | — | |||||||||||||||
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NET CASH PROVIDED BY (USED IN) FINANCING |
435 | 142 | (2,403) | 1,421 | (405) | |||||||||||||||
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Effect of exchange rate changes on cash and cash equivalents |
— | — | 26 | — | 26 | |||||||||||||||
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Net change in cash and cash equivalents |
2,534 | 240 | (520) | — | 2,254 | |||||||||||||||
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Cash and cash equivalents at beginning of period |
4,871 | 83 | 2,393 | — | 7,347 | |||||||||||||||
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Cash and cash equivalents at end of period |
$ | 7,405 | $ | 323 | $ | 1,873 | $ | — | $ | 9,601 | ||||||||||
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