a. From

2015

to

2019,

what was the total cash flow that Mydeco generated from operations?

b. What fraction of the total in

(a)

was spent on capital expenditures?

c. What fraction of the total in

(a)

was spent paying dividends to shareholders?

d. What was Mydeco's total retained earnings for this period?

Income Statement 2015 2016 2017 2018 2019 Revenue 393.1 366.1 419.7 514.4 605.1 Cost of Goods Sold (185.0) (175.6) (204.1) (248.3) (296.0) Gross Profit 208.1 190.5 215.6 266.1 309.1 Sales and Marketing (65.5) (68.3) (82.3) (102.8) (124.0) Administration (62.4) (59.5) (61.3) (66.3) (78.0) Depreciation & Amortization (26.0) (28.4) (33.3) (38.0) (39.3) EBIT 54.2 34.3 38.7 59.0 67.8 Interest Income (Expense) (34.9) (31.8) (31.2) (37.3) (40.5) Pretax Income 19.3 2.5 7.5 21.7 27.3 Income Tax (6.8) (0.9) (2.6) (7.6) (9.6) Net Income 12.5 1.6 4.9 14.1 17.7 Shares outstanding (millions) 55.6 55.6 55.6 55.6 55.6 Earnings per share $0.22 $0.03 $0.09 $0.25 $0.32 Balance Sheet 2015 2016 2017 2018 2019 Assets Cash 48.4 68.5 77.7 70.5 72.2 Accounts Receivable 88.8 68.9 71.7 77.8 87.8 Inventory 33.1 31.1 29.9 31.7 35.4 Total Current Assets 170.3 168.5 179.3 180.0 195.4 Net Property, Plant & Equip. 249.8 243.2 313.8 341.9 342.9 Goodwill & Intangibles 364.2 364.2 364.2 364.2 364.2 Total Assets 784.3 775.9 857.3 886.1 902.5 Liabilities & Stockholders' Equity Accounts Payable 17.5 17.2 22.3 27.7 29.9 Accrued Compensation 5.9 5.4 7.8 7.7 10.6 Total Current Liabilities 23.4 22.6 30.1 35.4 40.5 Long-term Debt 503.7 503.7 578.9 603.1 603.1 Total Liabilities 527.1 526.3 609.0 638.5 643.6 Stockholders' Equity 257.2 249.6 248.3 247.6 258.9 Total Liabilities & Stockholders' Equity 784.3 775.9 857.3 886.1 902.5 Statement of Cash Flows 2015 2016 2017 2018 2019 Net Income 12.5 1.6 4.9 14.1 17.7 Depreciation & Amortization 26.0 28.4 33.3 38.0 39.3 Chg. in Accounts Receivable 3.9 19.9 -2.8 (6.1) (10.0) Chg. in Inventory (2.9) 2.0 1.2 (1.8) (3.7) Chg. in Pay. & Accrued Comp. 1.6 (0.8) 7.5 5.3 5.1 Cash from Operations 41.1 51.1 44.1 49.5 48.4 Capital Expenditures (26.6) (25.8) (104.9) (75.7) (39.5) Cash from Investing Activ. (26.6) (25.8) (104.9) (75.7) (39.5) Dividends Paid (5.2) (5.2) (5.2) (5.2) (7.2) Sale (or purchase) of stock - - - - - Debt Issuance (Pay Down) - - 75.2 24.2 - Cash from Financing Activ. (5.2) (5.2) 70.0 19.0 (7.2) Change in Cash 9.3 20.1 9.2 (7.2) 1.7 Mydeco Stock Price $8.48 $3.01 $5.78 $8.99 $9.02