Liquidity and Capital Resources
Summarized Cash Flow
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Summarized Cash Flow |
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Year ended December 31 (millions of dollars) |
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2006 |
|
2005 |
|
2004 |
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Funds generated from operations |
2,378 |
|
1,951 |
|
1,703 |
|
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(Increase)/decrease in working capital |
(303 |
) |
(49 |
) |
29 |
|
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Net cash provided by operations |
2,075 |
|
1,902 |
|
1,732 |
|
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Net cash used in investing activities |
(2,116 |
) |
(1,336 |
) |
(1,648 |
) |
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Net cash provided by/(used in) financing activities |
219 |
|
(556 |
) |
(150 |
) |
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Effect of foreign exchange rate changes on cash and short-term investments |
9 |
|
11 |
|
(87 |
) |
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Increase/(decrease) in cash and short-term investments |
187 |
|
21 |
|
(153 |
) |
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Cash and short-term investments – beginning of year |
212 |
|
191 |
|
344 |
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Cash and short-term investments – end of year |
399 |
|
212 |
|
191 |
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