(Analyzing the cash flow Statement) 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 here:

. Answer the following questions using the information found in these statements:

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.

AutoSave Off H data-9_9_2020-2_44 PM - Excel Search Lexi Rogers 7 File Home Insert Draw Page Layout Formulas Data Review View Help Share Comments Calibri 11 A A == ab Wrap Text General AT TTY TIT TA o O AM Paste BIU MA Ideas EE E Merge & Center $ %). Insert Delete Format y Conditional Format as Cell Formatting Table Styles Styles Sort & Find & Filter Select Clipboard Font Alignment Number Cells Editing Ideas K11 fi F G H H T J K L M N o P Q $9,782 A B D E 1 (US$ millions) 12/31/2014 12/31/2013 12/31/2012 12/31/2011 2 Net income $14,438 $12,911 $10,759 3 Depreciation 3541 2726 1928 1394 4 Amortization 1442 1119 948 465 5 Deferred taxes (184) (434) (234) 356 6 Noncash items 2709 2259 2298 2030 7 Changes in working capital 384 (28) 884 630 8 Cash from operating activities $22,330 $18,553 $16,583 $14,657 9 Capital expenditures $(10,932) $17,382) $(3,230) $(3,458) 10 Other investing cash flow items (10,060) (6,373) (9,784) (15,625) 11 Cash from investing activities $(20,992) $(13,755) $(13,014) $(19,083) 12 Interest and financing cash flow items $(1,448) $(276) $(102) $80 13 Total cash dividends paid 0 0 0 0 14 Issuance (retirement) of stock 3 0 40 0 15 Issuance (retirement) of debt (11) (508) 1398 787 16 Cash from financing activities $(1,456) $(784) $1,336 $867 17 Foreign exchange effects $(466) $(5) $5 $18 18 Net change in cash $(584) $4,009 $4,910 $(3,541) 19 O 20 21 22 + 100% Type here to search o W 100% 2:45 PM 9/9/2020 HE