changes was $324 million for 2012 as compared to $238 million for 2011 and net cash used to fund working capital
changes was $37 million for 2010.
version cycles for the three years ended 2012 were as follows:
impact of including HGST's accounts receivable, inventory and accounts payable balances as of June 29, 2012, but
only including HGST's revenue and cost of sales from the date of Acquisition. Changes in average DSOs and DIOs are
generally related to linearity of shipments and the timing of inventory builds, respectively. Changes in DPOs are
generally related to production volume and the timing of purchases during the period. From time to time, we modify
the timing of payments to our vendors. We make modifications primarily to manage our vendor relationships and to
manage our cash flows, including our cash balances. Generally, we make the payment modifications through negotia-
tions with our vendors or by granting to, or receiving from, our vendors' payment term accommodations.
used for the acquisitions, $76 million of proceeds related to the sale of equipment, and capital expenditures of $717
million. During 2011, cash used in investing activities consisted of capital expenditures of $778 million and
$15 million for equipment related to the acquisition of a semiconductor wafer fabrication facility. During 2010, cash
used in investing activities consisted primarily of $737 million for capital expenditures, $233 million used for the
acquisition of the magnetic media sputtering operations of Hoya and $20 million used for the acquisition of the land
and building associated with the acquisition of a semiconductor wafer fabrication facility, offset by $3 million of sales
related to our auction-rate securities.
securities, which are classified as available-for-sale securities, reducing the carrying value of these investments to $14
million.
consisted of the $2.8 billion of proceeds borrowed under the Credit Facility in connection with the Acquisition, net of
issuance costs, and a net $141 million provided by employee stock plans, offset by $604 million used to repurchase
stock and $1.5 billion used to repay outstanding debt of the Company as well as debt assumed in the Acquisition. Net
cash used in financing activities for 2011 consisted of $106 million used to repay long-term debt and $50 million
used to repurchase shares of our common stock, offset by a net $50 million related to employee stock plans. Net cash
used in financing activities for 2010 consisted of $82 million used to repay long-term debt, partially offset by a net
$66 million provided by employee stock plans.