14) Your boss also asks you some new material that you have not learned yet, but you can easily learn from your text book. In the cash flow chapter of the book, tell your boss what life cycle stage the company is in. The cash flow is on the next page. CITE ONE REASON WHY FROM THE CASH FLOW THAT LEADS YOU TO BELIEVE IT IS IN THE INTRO, GROWTH, MATURITY or DECLINE STAGE 3.033 Consolidated Statements of Cash 12 Months Ended Flows - USD ($) Sin Millions Dec. 31, 2019 Dec. 31, 2018 Dec 31, 2017 Statement of Cash Flows [Abstract CASH CASH EQUIVALENTS, AND RESTRICTED CASH. BEGINNING OF $32 173 $21.856 $ 19,934 PERIOD OPERATING ACTIVITIES: Net income 11.588 10,073 Adjustments to reconcile net income to net cash from operating activities: Depreciation and amortization of property and equipment and capitalized content 21,789 15 341 11.478 costs, operating lease assets, and other Stock-based compensation 6 854 5.418 4215 Other operating expense income), net 164 274 202 Other expense (income.net (249) Deferred income taxes Changes in operating assets and liabilities: Inventories (3278) (1314) 583) Accounts receivable, net and other 7 681) (4615) (4.780 Accounts payable 8,193 3283 7100 Accrued expenses and other (1,383) 472 Unearned revenue 1,711 1.151 738 Net cash provided by used in operating 38 514 30.723 30.723 activities 18.365 INVESTING ACTIVITIES: Purchases of property and equipment (16 861) (13.427) (11.955 Proceeds from property and equipment sales and incentives 4.172 2,104 1,897 Acquisitions, net of cash acquired, and 2.461) (2.186) (13,972) Sales and maturities of marketable 22.681 8240 securities 9,677 Purchases of marketable securities (31,812) 07.100) (12,731) Net cash provided by used in investing 24 281) (12369) activities (27.084 FINANCING ACTIVITIES: Proceeds from long-term debt and other 2273 16 225 Repayments of long-term debt and other 2684 1668) (1301) Principal repayments of finance leases (9,628) (7 449) (4,799) Principal repayments of financing (27) (200) obligations Net cash provided by used in financing (10 055) (686) 9928 (351) 713 Foreign currency effect on cash cash equivalents, and restricted cash Net increase (decrease in cash, cash equivalents, and restricted cash CASH CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD CHI CLUTAR CAUCI 4,237 36,410 10,317 32,173 1,922 21,856