(Analyzing the cash flow statement) The cash flow statements for retailing giant BigBox, Inc. spanning the period

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

a. Did BigBox generate positive cash flow from its operations?

b. How much did BigBox invest in new capital expenditures over the period?

c. Describe BigBox's sources of financing in the financial markets over the period.

d. Based solely on the cash flow statements for 2013 through 2016, write a brief narrative that describes the major activities of BigBox's management team over the period.

S$ millions) (U Net income Depreciation expense Changes in working capital 12/31/2016 12/31/2015 12/31/2014 12/31/2013 $13,020 6,540 1,170 $20,730 $11,000 5,050 2,350 $18,400 $10,080 4,040 950 $15,070 $(16,020) $(14,470) $(14,000) $(12,250) $(16,020) $(14,470) $(14,000) $(12,250) $90 (2,180) (4,520) 4,100 $(10,470) $(4,580)$(2,430) $(2,510) $310 $12,030 6,250 2,320 $20,600 Cash from operating activities Capital expenditures Cash from investing activities Interest and financing cash flow items Total cash dividends paid Issuance (retirement) of stock Issuance (retirement) of debt $(320) (3,560) (8,040) 1,450 $(270) (2,750) (1,460) (100) $(350) (2,470) (3,640) 4,030 Cash from financing activities Net change in cash $(5,760) $1,550 $1,970 S$ millions) (U Net income Depreciation expense Changes in working capital 12/31/2016 12/31/2015 12/31/2014 12/31/2013 $13,020 6,540 1,170 $20,730 $11,000 5,050 2,350 $18,400 $10,080 4,040 950 $15,070 $(16,020) $(14,470) $(14,000) $(12,250) $(16,020) $(14,470) $(14,000) $(12,250) $90 (2,180) (4,520) 4,100 $(10,470) $(4,580)$(2,430) $(2,510) $310 $12,030 6,250 2,320 $20,600 Cash from operating activities Capital expenditures Cash from investing activities Interest and financing cash flow items Total cash dividends paid Issuance (retirement) of stock Issuance (retirement) of debt $(320) (3,560) (8,040) 1,450 $(270) (2,750) (1,460) (100) $(350) (2,470) (3,640) 4,030 Cash from financing activities Net change in cash $(5,760) $1,550 $1,970