EX-99.C 5 c70663exv99wc.txt CONSOLIDATED STATEMENT OF CASH FLOWS Exhibit 99.c USG CORPORATION CONSOLIDATED STATEMENT OF CASH FLOWS (DOLLARS IN MILLIONS) (UNAUDITED) THREE MONTHS ENDED MARCH 31, 2002 --------------- OPERATING ACTIVITIES: Net loss $ (70) Adjustments to reconcile net loss to net cash: Cumulative effect of accounting change 96 Depreciation, depletion and amortization 26 Deferred income taxes 27 (Increase) decrease in working capital: Receivables (48) Income taxes receivable (6) Inventories (9) Payables 24 Accrued expenses 12 Decrease in other assets 1 Increase in other liabilities 5 Increase in asbestos reserve, net of receivables 3 Decrease in liabilities subject to compromise (16) Other, net -- ----- Net cash from operating activities 45 ----- INVESTING ACTIVITIES: Capital expenditures (15) Net proceeds from asset dispositions -- ----- Net cash to investing activities (15) ----- FINANCING ACTIVITIES: Issuance of debt -- Repayment of debt -- Short-term borrowings, net -- Cash dividends paid -- ----- Net cash from financing activities -- ----- Net increase in cash and cash equivalents 30 Cash and cash equivalents at beginning of period 493 ----- Cash and cash equivalents at end of period 523 ===== SUPPLEMENTAL CASH FLOW DISCLOSURES: Interest paid 1 Income taxes refunded, net (1)