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Cardinal Health Company Cash Flow Shenanigan? The following was reported by Cardinal Health Company in 2004: (all amounts in millions) Dec 31, 2004 Dec 31,
Cardinal Health Company Cash Flow Shenanigan?
The following was reported by Cardinal Health Company in 2004:
(all amounts in millions) | Dec 31, 2004 | Dec 31, 2003 |
---|---|---|
Earnings from Continuing Operations | $421.6 | 697.1 |
Depreciation and Amortization | 198.2 | 143.2 |
Provision for Bad debts | 0.8 | (2.7) |
Asset Impairments | 155.8 | 4.8 |
Decrease/(Increase) in trade receivables | 622.3 | (488.3) |
Increase in Inventories | (707.5) | (841.4) |
Decrease/(Increase) in Sales Type Leases | (95.3) | 22.0 |
Increase in Accounts Payable | 794.1 | 964.3 |
Other Accrued Liabilities and operating items, net | 129.2 | 49.4 |
Net Cash provided by operating activities | $1,519.2 | $548.4 |
What strikes you as unusual? What do you think the company is trying to do? Thoroughly explain both your answers
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