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Solar Energy: Improving Power Prediction Accuracy

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MVA taxes (discussed above) negatively impacted Brazil's constant-dollar revenue growth by an estimated 3 points. North Latin America revenue was down 6%, or up 3% in constant dollars. Constant-dollar revenue benefited from higher average order. Mexico revenue was down 5%, or up 9% in constant dollars, primarily driven by higher average order and an increase in Active Representatives. Asia Pacific revenue was down 9%, or 7% in constant dollars due to declines in most markets. The segment's constant-dollar revenue decline was driven by a decrease in Active Representatives, partially offset by higher average order. Philippines revenue decreased 2%, or was relatively unchanged in constant dollars as higher average order was offset by declines in Active Representatives. Third-Quarter 2016 Cash Flow Review Net cash used by operating activities of continuing operations was $104 million for the nine months ended September 30, 2016, compared with $90 million for the same period in 2015. Cash used by operating activities during 2016 was unfavorably impacted by the timing of payments, primarily for inventory, increased levels of accounts receivable, and a contribution to the U.S.


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