Starbucks is a relatively young, fast-growing company that is a pioneer and leader in its industry. Excerpts from its 2014 statement of cash flows are as follows (dollars in millions):*Change in the cash balance does not always equal the sum of cash from operations, investing, and financing due to adjustments for exchange rate changes.

REQUIRED:
a. Discuss the cash management profile of Starbucks across the three-year period. Where did the company get its cash, and what did it do with it?

b. Explain how the cash management profile may be representative of a young, fast-growing company.
c. Comment on how this profile reflects the company€™s financial condition and performance.
d. What do you think Starbucks€™ future cash will look like? Will the company maintain the same profile or change to a new profile? Why?

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2012 2014 2013 Net income Net cash from operations Net cash from investing activities Net cash from financing activities Change in cash $ 2,759 $2,068 608 2,908 3,749 (1,520) (2,257) (178) (1,411) (108) (818) (623) (867) 1,387