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The following is an excerpt from a 10-Q SEC Filing, filed by NUCOR CORP on 11/3/2004. |
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NUCOR CORP - 10-Q - 20041103 - CASH_FLOW
Nucor Corporation Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
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Nine Months (39 Weeks) Ended
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Oct. 2, 2004
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Oct. 4, 2003
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Operating activities:
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Net earnings
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$
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780,067
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$
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42,229
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Adjustments:
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Depreciation
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291,805
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273,903
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Gain on sale of facility and equipment
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(1,596
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—
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Impairment of assets
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13,200
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—
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Deferred income taxes
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(52,900
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)
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13,800
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Minority interests
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60,345
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16,775
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Changes in (exclusive of acquisitions and dispositions):
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Current assets
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(832,629
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(64,388
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Current liabilities
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631,457
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90,768
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Other
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5,568
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(5,433
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Cash provided by operating activities
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895,317
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367,654
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Investing activities:
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Capital expenditures
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(198,007
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(147,610
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Investment in affiliates
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(68,550
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(18,640
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Disposition of plant and equipment
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2,813
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354
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Acquisitions (net of cash acquired)
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(169,646
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(34,941
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Other investing activities
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—
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(6,742
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Cash used in investing activities
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(433,390
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(207,579
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Financing activities:
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Repayment of long-term debt
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—
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(16,000
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Proceeds from long-term debt
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20,000
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25,000
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Issuance of common stock
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46,769
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4,533
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Distributions to minority interests
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(71,775
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(60,737
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Cash dividends
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(53,901
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(46,936
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Termination of interest rate swap agreement
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4,800
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—
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Cash used in financing activities
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(54,107
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(94,140
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Increase in cash and short-term investments
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$
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407,820
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$
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65,935
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