Go to the website for Alaska Air Groups investor relations and find the companys financial statements for
Question:
Go to the website for Alaska Air Group’s investor relations and find the company’s financial statements for 2018. It is included in its 10-K filing with the SEC. As noted in the Consolidated Statement of Cash Flows, net income in 2018 was $437 million while cash provided by operating activities was $1,195 million. What is the single largest item that accounts for why operating cash flows are so much more than net income?
Step by Step Answer:
The company had 398 million in depr...View the full answer
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Financial statements of a business having numerous divisions or subsidiaries are called consolidated financial statements. Companies frequently refer to the aggregated reporting of their entire firm together when using the term \"consolidated\" in financial statement reporting. Consolidated financial statement reporting, on the other hand, is defined by the Financial Accounting Standards Board as the reporting of an entity that is organized with a parent company and subsidiaries.
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