8. Google, Inc. (GOOG), is one of the most successful Internet firms, and it experienced very rapid growth in revenues from 2011 through 2014. The cash flow statements for Google, Inc. spanning the period are found in the table below: . Answer the following questions using the information found in these statements: 12/31/2012 $10,723 1964 998 (300) 12/31/2014 $14,473 3545 1485 (156) 2711 347 $22,405 $(10,964) (10,076) $(21,040) $(1,439) 12/31/2011 $9,703 1374 416 394 1973 624 (US$ millions) Net income Depreciation Amortization Deferred taxes Noncash items Changes in working capital Cash from operating activities Capital expenditures Other investing cash flow items Cash from investing activities Interest and financing cash flow items Total cash dividends paid Issuance (retirement) of stock Issuance (retirement) of debt Cash from financing activities Foreign exchange effects Net change in cash 12/31/2013 $12,874 2775 1109 (475) 2237 (35) $18,485 $17,352) (6,398) $(13,750) $(287) 0 0 $14,484 2254 932 $16,571 $(3,231) (9,814) $(13,045) $(95) 0 - 20 1300 $1,225 $5 $4,756 $(3,473) (15,575) $(19,048) $70 0 747 (29) $(1,464) $(408) $(507) (579) $(866) $(2) $3,867 $817 $22 $(3,725) a. Is Google generating positive cash flow from its operations? b. How much did Google invest in new capital expenditures over the period? c. Describe Google's sources of financing in the financial markets over the period? d. Based solely on the cash flow statements for 2011 through 2014, write a brief narrative that describes the major activities of Google's management team over the period