case 4.3 understanding financial statements 11th ed.... what's the answer

Y0 :89 CHAPTER4 Statement of Cash Flous 200 Case 4.3Avnet Inc. Avnet is one of the world's largest value-added distributors of electronic Avnet creates a vital link in the technology supply chain that connects the leading electronic component and computer product manufacturers and developers with a global customer base of original equipment manufacturers, ela tronic manufacturing services providers, original design manufacturers, and va world added resellers. Avnet, Inc and Subsidiaries Consolidated Statements of Cash Flows Years Ended June 29 2013 2012 (Thousands) Cash flows from operating activities: 450,073 $567,019 66 Net income Non-cash and other reconeiling items 120,676 (10,019) 43,677 (31,011) 75,327 81.3 15.90 28,931 101,336 Depreciation and amortization Deferred income taxes (Note 9) Stock-based compensation (Note 12) Gain on bargain purchase and other (Note 2) 11,782 35,737 (2,918) 227 66,263 56,846 Changes in (net of effects from businesses cquired): Receivables (94,203) 225,667 (78,834) (319,094) 165 72,267 (4214 133,178(321.98 Accounts payable Accrued expenses and other, net 5,156) (136,852)2 Net cash flows provided by operating Cash flows from financing activities 696,197 528,718 g (Repayments of borrowings under accounts receivable securitization program, net (Note 3) Issuance of notes in a public offering, net of issuance costs (Note 7) Repayment of notes (Note 7) (Repayments of) proceeds from bank debt, net (Note 7) (310,000) 60000 510,000 349,258 (179,861) "Extracted from 10-K filings for Avnet Inc., 2013. Obtained from US Securities a Commission www.sec gow