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F 2012 520,273 46.622 -2 153 -5,517 -2,975 60,2551 B C D E ABC CORPORATION 1 Consolidated Statement of Cash Flows, 2008-2012 2 2008 2009 2010 2011 3 Operating Activities: 4 Net naming 479,355 495,597 534,268 505,856 Adjustments to reconcile net earnings mat cash vided by operating activities 671 Add back depreciation and amortization 41.583 42.6471 146,4381 45,839 17 Changes in operating assets and liabilities: 8 Subtract increase in accounts receivable 9,387 25,951 -12.724 1685 9 Subtract increase in inventories -37,630 22,780 16,247 -15,780 Subtract increase in prepaid expenses and 10 -52.191 13.573 16.255 14,703 other asset 11 Add increase in accounts payable, accrued 11 29,612 51.172 6,757 40,541 expenses, pensions, and other liabilities 12 Not cash provided by operating activities 470,116 511160 574,747 592 R44 13 14. Investing Activities: 15 Short-term investments, not -5.000 -55,000 50.000 10.000 16 Purchases of property, plant, and equipment 48.914 170 320 119.947 37044 Proceeds from dispositions of property, plant and 17 Jequipment 197 6.956 22,942 6.179 18 Net cash used in Investing activities -53.747 1118.370 -17,005 -40.365 19 20 Financing Activities 21 Repayment of debt 300.000 0 22 Proceeds from revolving credit facility borrowings 1,242 435 0 0 23 Proceeds from the sunce of stock 48.286 114,270 60.3751 6214 24 Dividends paid -332980 344 128 369 200 367 499 25 Stock repurchased -150 095 2000311 I2000 200.000 20 Net cash used in financing activities 807,636 -429383 -791.871 499,288 27 28 Changes in cash balances 1,224,0051 62907 -24 120 52.691 116.50 SUM(F4:F19) 20,000 -88 426 28.693 -39.733. SUMF15 F17 7.095 250.000 37,855 378 3251 1978 -595 303 SUM F21 F25) 118 531F1247184526 129 30 Supplemental disclosure of cash flow information 31 Cash paid during the penodon Income taxes 133 Irresi 134 35 income tax rate 255,043 53,553 175.972 3551 314235 70451 283 618 05.09 3715157910 347346 26 20% 3.07 25.92% 36.96F4F32% Exercises 1 Three years of balance sheets for Cisco are given on the disk with this book. Restate these balance sheets so that the accounting enterprise value is on the left side. Below are some year-end numbers for Cisco's equity. Restate the enterprise value in market terms. A B CISCO EQUITY DATA 2 27-Jul-12 29-Jul-11 30-Jul-10 3 Shares outstanding 114 Pnce per share 15.69 15.97 23.07 115 Shares outstanding (milions) 5.370 5.529) 5.732 6 Market cap (millions) 84,255 88,298 132,237