Prepare cash flow statements of Infineon for 2009 2011. What are the main sources and usage of funds during these 3 years? If any of the sources and usages changed substantially, what might be the reason for the change?

319 439 FY2008 FY2009 FY2010 FY2011 3,903 2.184 3.295 3.997 2.029 1.234 1,722 1.979 606 399 517 332 386 449 -245 -29 -104 -30 506 270 684 1,100 552 453 336 364 -46 348 736 -123 . -66 -26 4 7 -165 -229 290 714 39 4 -22 -30 -812 -48 1 0 -3,543 -441 348 375 -2.935 -626 659 1,119 -183 -53 8 Income Statement (in millions of Euros) Sales Cost of goods sold R&D expenses Selling, general & adminstrative expenses Other operating income (expenses) EBITDA Depreciation and amortization EBIT Interest income (expenses) Participations in associates/affiliates EBT Income taxes Minority interest Discontinued operations (net of tax) Net income Balance Sheets (in millions of Euros) Assets Cash and other liquid assets Accounts receivable Inventories Other current assets Assets held for sale Current assets Property, plant and equipment (net) Goodwill and other intangible assets Financial assets Fixed assets Total assets Liabilities Short-term debt and current portion of long-term debt Accounts payable Current provisions Other current liabilities Liabilities held for sale Current liabilities Long-term debt Pension plans Other liabilities Total liabilities Shareholders' equity Total liabilities and equity 20 FY2008 FY2009 FY2010 FY2011 892 1.507 1.727 2,692 799 449 622 510 665 460 514 507 724 514 675 671 2.129 112 495 5 5,209 3,042 4,033 4,385 1.310 928 838 1.343 443369 87 111 27 35 34 1,773 1,324 960 1,488 6,9824,366 4,993 5,873 FY2008 FY2009 FY2010 FY2011 521 133 68 506 384 659720 424 436 553 810 413 308 286 407 2,123 91770 3,673 1,658 1,808 2,005 963 329 263 237 43 94 146 168 142 192151 108 4,821 2,273 2,368 2,518 2,161 2,093 2,625 3,355 6,9824,366 4,993 5,873 207 319 439 FY2008 FY2009 FY2010 FY2011 3,903 2.184 3.295 3.997 2.029 1.234 1,722 1.979 606 399 517 332 386 449 -245 -29 -104 -30 506 270 684 1,100 552 453 336 364 -46 348 736 -123 . -66 -26 4 7 -165 -229 290 714 39 4 -22 -30 -812 -48 1 0 -3,543 -441 348 375 -2.935 -626 659 1,119 -183 -53 8 Income Statement (in millions of Euros) Sales Cost of goods sold R&D expenses Selling, general & adminstrative expenses Other operating income (expenses) EBITDA Depreciation and amortization EBIT Interest income (expenses) Participations in associates/affiliates EBT Income taxes Minority interest Discontinued operations (net of tax) Net income Balance Sheets (in millions of Euros) Assets Cash and other liquid assets Accounts receivable Inventories Other current assets Assets held for sale Current assets Property, plant and equipment (net) Goodwill and other intangible assets Financial assets Fixed assets Total assets Liabilities Short-term debt and current portion of long-term debt Accounts payable Current provisions Other current liabilities Liabilities held for sale Current liabilities Long-term debt Pension plans Other liabilities Total liabilities Shareholders' equity Total liabilities and equity 20 FY2008 FY2009 FY2010 FY2011 892 1.507 1.727 2,692 799 449 622 510 665 460 514 507 724 514 675 671 2.129 112 495 5 5,209 3,042 4,033 4,385 1.310 928 838 1.343 443369 87 111 27 35 34 1,773 1,324 960 1,488 6,9824,366 4,993 5,873 FY2008 FY2009 FY2010 FY2011 521 133 68 506 384 659720 424 436 553 810 413 308 286 407 2,123 91770 3,673 1,658 1,808 2,005 963 329 263 237 43 94 146 168 142 192151 108 4,821 2,273 2,368 2,518 2,161 2,093 2,625 3,355 6,9824,366 4,993 5,873 207