Consolidated Statement of Cash Flows For the Year Ended 30 June 2023 Consolidated Entity Notes 2023 US$m 2022 US$m Cash Flows from Operating Activities Profit before income tax expense 2,663 2,780 Adjustments for: Depreciation, amortisation and impairment 831 668 Inventory provisions 182 224 Share-based payment expense 139 117 Provision for expected credit losses (4) 3 Finance costs, net 406 165 (Gain)/Loss on disposal of property, plant and equipment (57) 1 Contingent consideration liabilities reversal (32) (63) Unrealised foreign exchange losses/(gains) 41 (60) Changes in operating assets and liabilities: Decrease/(increase) in receivables and contract assets 28 (45) Increase in inventories (907) (902) Increase in trade and other payables 197 337 Increase/(decrease) in provisions and other liabilities 51 (102) Proceeds from settlement of treasury lock – 135 Income tax paid (563) (457) Finance costs, net paid (374) (172) Net cash inflow from operating activities 2,601 2,629 Cash flows from Investing Activities Payments for property, plant and equipment (1,228) (1,079) Proceeds from sale of property, plant and equipment 111 – Payments for intangible assets (464) (169) Payments for business acquisition, net of cash acquired 2 (10,534) (388) Proceeds from sale of financial assets 272 – Net cash outflow from investing activities (11,843) (1,636) Cash flows from Financing Activities Proceeds from issue of shares 34 4,988 Dividends paid to CSL Limited shareholders 10 (1,085) (1,039) Dividends paid to non-controlling interests 23 (154) – Proceeds from borrowings 2,539 4,093 Repayment of borrowings (798) (316) Principal payments of lease liabilities (80) (50) Net cash inflow from financing activities 456 7,676 Net (decrease)/increase in cash and cash equivalents (8,786) 8,669 Cash and cash equivalents at the beginning of the financial year 10,334 1,730 Exchange rate variations on foreign cash and cash equivalent balances (39) (65) Cash and cash equivalents at the end of the year 1,509 10,334 Reconciliation of cash and cash equivalents in the statement of cash flows: Cash and cash equivalents 1,548 10,436 Bank overdrafts (39) (102) Cash and cash equivalents at the end of the year 1,509 10,334 The consolidated statement of cash flows should be read in conjunction with the accompanying notes. CSL Limited Annual Report 2022/23 115
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