Document GzVORny9O7g04G7pz1XOkzkLq

elOvk Page 82 of 84 Table of Contents COOPER INDUSTRIES, LTD. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Consolidating Statements of Cash Flows Year Ended December 31,2003 (in millions) Net cash provided by (used in) operating activities Cooper $ (6 1) Cooper Ohio $(297 7) Other Subsidiaries $ 749 1 Consolidating Adiustments $-- Total $ 445 3 Cash flows from investing activities Capital expenditures Investments in affiliates Loans to affiliates Repayments from affiliates Dividends from subsidiaries Other Net cash provided by (used in) investing activities _ -- -- -- 101 0 -- 101 0 (16 4) (23 2) (27 9) 26 5 56 87 (26 7) (63 5) -- (122 0) 150 -- 94 (161 1) _ 23 2 149 9 (415) (106 6) -- 25 0 (79 9) -- -- -- -- 18 1 (618) Cash flows from financing activities Proceeds from issuances of debt Repayments of debt Borrowings from affiliates Repayments to affiliates Other intercompany financing activities activities Dividends Dividends paid to parent Subsidiary purchase of parent shares Issuance of stock Employee stock plan activity and other Net cash provided by (used in) financing activities Effect of exchange rate changes on cash and cash equivalents Increase in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year -- 91 9 -- 40 ( 129 7) -- -- -- 14 (32 4) (169 7) 15 0 (15 0) 450 7 -- -- (5 5) -- 61 8 337 3 43 (4 7) 43 0 (26 5) (454 7) -- (106 6) -- 23 2 -- (522 0) -- (149 9) 41 5 -- -- 106 6 -- (23 2) -- (25 0) 43 ( 174 4) -- -- -- ( 129 7) -- (5 5) -- 63 2 (242 1) __ 62 5 33 9 $96 4 -- 12 9 244 3 $ 257 2 20 3 86 3 23 8 $ 110 1 $ -- 20 3 -- 161 7 -- 302 0 -- $ 463 7 F-39 http //www sec gov/Archives/edgar/data/1141982/000095012905001490/h22660el0vk htm 2/6/2006