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Calculate Net Working Capital for Years 2005, 2006 and 2007 Consolidated Statements of Cash Flows YEAR ENDED LAST FRIDAY IN DECEMBER (DOLLARS IN MILLIONS) 2007
Calculate Net Working Capital for Years 2005, 2006 and 2007
| Consolidated Statements of Cash Flows | |||
| YEAR ENDED LAST FRIDAY IN DECEMBER | |||
| (DOLLARS IN MILLIONS) | 2007 | 2006 As Restated See Note 20 | 2005 As Restated See Note 20 |
| Cash Flows From Operating Activities: | 2007 | ||
| Net [Loss]/Earnings | $(7,777) | $7,499 | $5,116 |
| Adjustments to reconcile net(loss)/earnings to cash used for operating activities: | |||
| Gain on merger | N/A | (1,969) | N/A |
| Gain on sale of MLIG | (316) | N/A | N/A |
| Depreciation and amortization | 901.00 | 523.00 | 473.00 |
| Share-Based compensation expense | 1,795.00 | 3,156.00 | 1,003.00 |
| Deferred Taxes | (4,924) | (360) | 232.00 |
| Earnings from quity method investments | (1,409) | (421) | (417) |
| Others | 160.00 | 1,045.00 | 1,017.00 |
| Changes in operating assests and liabilities: | |||
| Trading assests | (29,650) | (55,392) | 25,902.00 |
| Cash and securities segregated for regulatory purposes or deposited with clearing orgnization | (8,886) | (1,019) | 3,259.00 |
| Receivables under resale agreements | (43,247) | (15,346) | (84,166) |
| Receivables under securities borrowed transactions | (14,530) | (26,126) | 2,014.00 |
| Customer receivables | (21,280) | (9,562) | (2,217) |
| Brokers and dealers receivables | (3,744) | (6,825) | (19) |
| Proceeds from loans,notes,and mortgages held for sale | 72,054.00 | 41,317.00 | 31,255.00 |
| Other changes in loans,notes,and mortgages held for sale | (86,894) | (47,670) | (35) |
| Trading liabilities | 23,878.00 | 9,554.00 | (12,402) |
| Payables under repurchase agreements | 13,101.00 | 29,557.00 | 44,386.00 |
| Payables under securities loaned transactions | 12,414.00 | 24,157.00 | (2,901) |
| Customer payables | 14,135.00 | 13,795.00 | 1,238.00 |
| Brokers and dealers payables | 113.00 | 4,791.00 | (605) |
| Trading investment securities | 9,333.00 | (867) | 2,048.00 |
| Other, net | 2,411.00 | 6,400.00 | (4,937) |
| Cash used for operating activities | (72,362) | (23,763) | 10,244.45 |
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
15th edition
1259404781, 007802563X, 978-1259404788, 9780078025631, 978-0077522940
