|
| Years
Ended December 31, |
|
2005 |
|
 |
|
2004 |
|
|
|
2003 |
|
|
 |
|
| Cash
Flows from Operating Activities |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
Income |
$ |
7,397 |
|
|
$ |
7,831 |
|
|
$ |
3,077 |
|
|
| Adjustments
to reconcile to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation
and amortization expense |
|
14,047 |
|
|
|
13,910 |
|
|
|
13,607 |
|
|
| Sales
of businesses, net |
|
(530 |
) |
|
|
– |
|
|
|
(141 |
) |
|
| (Gain)
loss on sale of discontinued operations |
|
– |
|
|
|
(516 |
) |
|
|
931 |
|
|
| Employee
retirement benefits |
|
1,840 |
|
|
|
1,999 |
|
|
|
3,048 |
|
|
| Deferred
income taxes |
|
(1,059 |
) |
|
|
1,842 |
|
|
|
826 |
|
|
| Provision
for uncollectible accounts |
|
1,290 |
|
|
|
1,181 |
|
|
|
1,789 |
|
|
| Income
from unconsolidated businesses |
|
(781 |
) |
|
|
(1,766 |
) |
|
|
(1,609 |
) |
|
| Cumulative
effect of accounting change, net of tax |
|
– |
|
|
|
– |
|
|
|
(503 |
) |
|
Changes
in current assets and liabilities, net of effects
from
acquisition/disposition
of businesses: |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts
receivable |
|
(933 |
) |
|
|
(1,617 |
) |
|
|
(938 |
) |
|
| Inventories |
|
(252 |
) |
|
|
(274 |
) |
|
|
(80 |
) |
|
| Other
assets |
|
(191 |
) |
|
|
578 |
|
|
|
101 |
|
|
| Accounts
payable and accrued liabilities |
|
(1,034 |
) |
|
|
(1,930 |
) |
|
|
2,657 |
|
|
| Other,
net |
|
2,218 |
|
|
|
582 |
|
|
|
(298 |
) |
|
|
| Net cash
provided by operating activities |
|
22,012 |
|
|
|
21,820 |
|
|
|
22,467 |
|
|
|
|
| Cash
Flows from Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
| Capital
expenditures (including capitalized software) |
|
(15,324 |
) |
|
|
(13,259 |
) |
|
|
(11,874 |
) |
|
| Acquisitions,
net of cash acquired, and investments |
|
(4,684 |
) |
|
|
(1,196 |
) |
|
|
(1,162 |
) |
|
| Proceeds
from disposition of businesses |
|
1,326 |
|
|
|
117 |
|
|
|
229 |
|
|
| Proceeds
from discontinued operations |
|
– |
|
|
|
1,603 |
|
|
|
– |
|
|
| Net change
in short-term and other current investments |
|
(344 |
) |
|
|
(100 |
) |
|
|
(120 |
) |
|
| Other,
net |
|
534 |
|
|
|
2,492 |
|
|
|
691 |
|
|
|
| Net cash
used in investing activities |
|
(18,492 |
) |
|
|
(10,343 |
) |
|
|
(12,236 |
) |
|
|
|
| Cash
Flows from Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds
from long-term borrowings |
|
1,487 |
|
|
|
514 |
|
|
|
4,653 |
|
|
| Repayments
of long-term borrowings and capital lease obligations |
|
(3,919 |
) |
|
|
(5,198 |
) |
|
|
(10,759 |
) |
|
Increase
(decrease) in short-term obligations, excluding
current maturities |
|
2,129 |
|
|
|
(783 |
) |
|
|
(1,330 |
) |
|
| Dividends
paid |
|
(4,427 |
) |
|
|
(4,262 |
) |
|
|
(4,239 |
) |
|
| Proceeds
from sale of common stock |
|
37 |
|
|
|
320 |
|
|
|
839 |
|
|
| Purchase
of common stock for treasury |
|
(271 |
) |
|
|
(370 |
) |
|
|
– |
|
|
| Other,
net |
|
(70 |
) |
|
|
(77 |
) |
|
|
(123 |
) |
|
|
| Net cash
used in financing activities |
|
(5,034 |
) |
|
|
(9,856 |
) |
|
|
(10,959 |
) |
|
|
|
| Increase
(decrease) in cash and cash equivalents |
|
(1,514 |
) |
|
|
1,621 |
|
|
|
(728 |
) |
|
| Cash
and cash equivalents, beginning of year |
|
2,290 |
|
|
|
669 |
|
|
|
1,397 |
|
|
|
| Cash
and cash equivalents, end of year |
$ |
776 |
|
|
$ |
2,290 |
|
|
$ |
669 |
|
|
 |
