Question
(Analyzing the cash flow statement) The cash flow statements for retailing giant BigBox, Inc. spanning the period 20132016 are found here: LOADING... . Answer the
(Analyzing the cash flow statement) The cash flow statements for retailing giant BigBox, Inc. spanning the period 20132016 are found here: LOADING... . 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.
i Data Table (US$ millions) 12/31/2016 12/31/2015 12/31/2014 12/31/2013 Net income $13,100 $12,010 $11,060 $10,020 Depreciation expense 6,470 6,310 4,990 3,970 Changes in working capital 1,240 2,250 2,370 1,040 Cash from operating activities $20,810 $20,570 $18,420 $15,030 Capital expenditures $(15,970) $(14,510) $(13,980) $(12,290) Cash from investing activities $(15,970) $(14,510) $(13,980) $(12,290) Interest and financing cash flow items $(320) $(230) $(300) $150 Total cash dividends paid (3,570) (2,850) (2,470) (2,220) Issuance (retirement) of stock (8,010) (1,520) (3,630) (4,500) Issuance (retirement) of debt 1,530 (130) 3,980 4,080 Cash from financing activities $(10,370) $(4,730) $(2,420) $(2,490) Net change in cash $(5,530) $1,330 $2,020 $250 Print Done -
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