33 CONSOLIDATED STATEMENTS OF CASH FLOWS In thousands of dollars Fiscal year ended Dec. 30, 2001 Dec. 31, 2000 Dec. 26, 1999 Cash flows from operating activities Net income $ 831,197 $ 1,719,077 $ 957,928 Adjustments to reconcile net income to  operating cash flows Discontinued operations, net of tax (747,137) (38,541) Income taxes on sale of cable business (889,300) Depreciation 202,456 195,428 169,460 Amortization of intangibles 241,321 180,487 110,631 Deferred income taxes 228,568 (169,290) 21,983 Other, net, including gains on sales (9,461) (4,484) (49,269) Decrease (increase) in receivables 67,035 39,850 (70,014) Decrease (increase) in inventories 22,457 (16,091) (7,624) (Decrease) increase in accounts payable (103,195) 8,833 (34,805) Increase in interest and taxes payable 177,950 186,133 11,555 Change in other assets and liabilities, net (339,331) (1,179) 75,582 Net cash flow from operating activities 1,318,997 502,327 1,146,886 Cash flows from investing activities Purchase of property, plant and equipment (324,579) (350,580) (258,443) Payments for acquisitions, net of cash acquired (186,201) (4,264,214) (1,496,649) Change in other investments (42,637) (78,531) (10,383) Proceeds from sale of certain assets 38,539 2,714,362 38,450 Net cash used for investing activities (514,878) (1,978,963) (1,727,025) Cash flows from financing activities (Payments of) proceeds from long-term debt (667,831) 2,799,161 915,865 Dividends paid (235,472) (228,391) (226,274) Cost of common shares repurchased (967,242) (163,228) Proceeds from issuance of common stock 48,780 21,225 33,681 Net cash (used for) provided by financing activities (854,523) 1,624,753 560,044 Effect of currency exchange rate change (2,163) (1,081) 68 (Decrease) increase in cash and cash equivalents (52,567) 147,036 (20,027) Balance of cash and cash equivalents at beginning of year 193,196 46,160 66,187 Balance of cash and cash equivalents at end of year $ 140,629 $ 193,196 $ 46,160 The accompanying notes are an integral part of these consolidated financial statements.