BETHLEHEM STEEL ANNOUNCES FIRST QUARTER 1997 RESULTS
CONSOLIDATED STATEMENTS OF
CASH FLOWS
(dollars in millions)
(unaudited)
| Three Months Ended March 31 |
|||||
| 1997 | 1996 | ||||
| Operating Activities: | |||||
| $ | 38.4 | $ | 0.1 | ||
| 56.9 | 69.9 | ||||
| 7.5 | - | ||||
| 9.3 | 5.3 | ||||
| (20.1) | (20.6) | ||||
| - | 60.0 | ||||
| 36.5 | (37.1) | ||||
| (43.3) | 8.2 | ||||
| (17.1) | (63.8) | ||||
| Cash Provided from Operating Activities | 68.1 | 22.0 | |||
| Investing Activities: | |||||
| (50.0) | (59.9) | ||||
| 1.3 | 2.5 | ||||
| Cash Used for Investing Activities | (48.7) | (57.4) | |||
| Financing Activities: | |||||
| 40.9 | 47.6 | ||||
| (25.0) | (10.0) | ||||
| 0.4 | 0.7 | ||||
| (25.7) | (34.8) | ||||
| (10.1) | (10.1) | ||||
| (2.6) | (7.5) | ||||
| Cash Used for Financing Activities | (22.1) | (14.1) | |||
| Net Decrease in Cash and Cash Equivalents | (2.7) | (49.5) | |||
| Cash and Cash Equivalents | - Beginning of Period | 136.6 | 180.0 | ||
| - End of Period | $ | 133.9 | $ | 130.5 | |
| Supplemental Cash Payment Information: | |||||
| $ | 15.8 | $ | 23.0 | ||
| $ | 7.5 | $ | 3.2 | ||
The accompanying Notes are an integral part of the Consolidated Financial Statements.
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