Cash Flows. Please answer these questions about Toro. Use the most recent year-end. (show work)

Net Cash Provided by Operating Activities _______________

Net Cash Used in Investing Activities _______________

Net Cash Provided by Financing Activities _______________

Effect of Exchange Rates on Cash and Cash Equivalents _______________

Net Increase in Cash and Cash Equivalents _______________

$ THE TORO COMPANY AND SUBSIDIARIES Consolidated Statements of Earnings (Dollars and shares in thousands, except per share data) Fiscal Years Ended October 31 Net sales Cost of sales Gross profit Selling, general and administrative expense Operating earnings Interest expense Other income, net Earnings before income taxes Provision for income taxes Net earnings 2020 3,378,810 $ 2,189,036 1,189,774 763,417 426,357 (33,156) 13,869 407,070 77,369 329,701 $ 2019 3,138,084 $ 2,090,121 1,047,963 722,934 325,029 (28,835) 25,939 322,133 48,150 273,983 $ 2018 2,618,650 1,677,639 941,011 567,926 373,085 (19,096) 18,408 372,397 100,458 271,939 $ Basic net earnings per share of common stock 3.06 $ 2.57 2.56 Diluted net earnings per share of common stock $ 3.03 $ 2.53 $ 2.50 Weighted-average number of shares of common stock outstanding - Basic 107,658 106,773 106,369 108,663 108,090 108,657 Weighted-average number of shares of common stock outstanding - Diluted The financial statements should be read in conjunction with the Notes to Consolidated Financial Statements. 2020 329,701 $ 2019 273,983 $ 2018 271,939 THE TORO COMPANY AND SUBSIDIARIES Consolidated Statements of Comprehensive Income (Dollars in thousands) Fiscal Years Ended October 31 Net earnings Other comprehensive income (loss), net of tax: Foreign currency translation adjustments, net of tax of $0, S(16), and S(222), respectively Derivative instruments, net of tax of $(2,782), $(862), and $2,899, respectively Pension and post-retirement benefits, net tax of $45, $(1,305), and $254, respectively Other comprehensive income (loss), net of tax Comprehensive income The financial statements should be read in conjunction with the Notes to Consolidated Financial Statements. 6,517 (8,485) (245) (2,213) 327,488 $ (1,314) (2,498) (4,300) (8,112) 265,871 $ (8,408) 7,415 1,035 42 271,981 2020 2019 479,892 $ 151,828 223,105 12,619 25,411 261,135 652,433 34,188 1,427,648 467,919 424,075 408,305 78,752 19,745 6,466 20,318 2,853,228 S 220,534 21,873 26,361 268,768 651,663 50,632 1,122,891 437,317 362,253 352,374 24,147 6,251 25,314 2,330,547 $ THE TORO COMPANY AND SUBSIDIARIES Consolidated Balance Sheets (Dollars in thousands, except per share data) October 31 ASSETS Cash and cash equivalents Receivables, net: Customers, net of allowances (2020 - $4,586; 2019 - $3,270) Receivables from finance affiliate Other Total receivables, net Inventories, net Prepaid expenses and other current assets Total current assets Property, plant and equipment, net Goodwill Other intangible assets, net Right-of-use assets Investment in finance affiliate Deferred income taxes Other assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current portion of long-term debt Accounts payable Short-term lease liabilities Accrued liabilities: Warranty Advertising and marketing programs Compensation and benefit costs Insurance Interest Other Total accrued liabilities Total current liabilities Long-term debt, less current portion Long-term lease liabilities Deferred income taxes Other long-term liabilities Stockholders' equity: Preferred stock, par value $1.00 per share, authorized 1,000,000 voting and 850,000 non-voting shares, none issued and outstanding Common stock, par value $1.00 per share, authorized 175,000,000 shares; issued and outstanding 107,582,670 shares as of October 31, 2020 and 106,742,082 shares as of October 31, 2019 Retained earnings Accumulated other comprehensive loss Total stockholders' equity Total liabilities and stockholders' equity 99,873 $ 363,953 15,447 79,914 319,230 107,121 98,883 58,789 13,452 10,065 88,214 376,524 855,797 691,250 66,641 70,435 54,277 96,604 103,417 76,862 11,164 9,903 59,876 357,826 756,970 620,899 50,579 42,521 107,583 1,041,507 (34,262) 1,114,828 2.853,228 $ 106,742 784,885 (32,049) 859,578 2,330,547 $ 2020 2019 2018 $ 329,701 $ 273,983 $ 271,939 (7,663) 12,066 76,108 19,507 3,951 15,408 2,269 492 (11,948) 10,343 69,314 18,384 39,368 13,429 (6,190) 6,357 (11,143) 9,228 53,484 7,793 12,161 25,255 507 15,206 20,963 11,828 39,538 539,374 (11,042) (104,832) 9,747 30,458 337,371 (10,365) (29,770) (11,744) 47,460 364,805 THE TORO COMPANY AND SUBSIDIARIES Consolidated Statements of Cash Flows (Dollars in thousands) Fiscal Years Ended October 31 Cash flows from operating activities: Net earnings Adjustments to reconcile net earnings to net cash provided by operating activities: Non-cash income from finance affiliate Distributions from finance affiliate, net Depreciation of property, plant and equipment Amortization of other intangible assets Fair value step-up adjustment to acquired inventory Stock-based compensation expense Deferred income taxes Other Changes in operating assets and liabilities, net of the effect of acquisitions: Receivables, net Inventories, net Prepaid expenses and other assets Accounts payable, accrued liabilities, deferred revenue and other liabilities Net cash provided by operating activities Cash flows from investing activities: Purchases of property, plant and equipment Proceeds from asset disposals Proceeds from sale of a business Investments in unconsolidated entities Acquisitions, net of cash acquired Net cash used in investing activities Cash flows from financing activities: Borrowings under debt arrangements Repayments under debt arrangements Proceeds from exercise of stock options Payments of withholding taxes for stock awards Purchases of TTC common stock Dividends paid on TTC common stock Net cash provided by (used in) financing activities Effect of exchange rates on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents as of the beginning of the fiscal period Cash and cash equivalents as of the end of the fiscal period Supplemental disclosures of cash flow information: Cash paid during the fiscal year for: Interest Income taxes (78,068) 216 (90,124) 151 (92,881) 4,669 12,941 (200) (697,471) (772,942) (138,225) (216,077) (6,750) (31,202) (127,925) 636,025 (546,025) 22,198 (2,146) (107,698) 2,354 2,413 328,064 151,828 479,892 $ 900,000 (511,000) 29,336 (2,662) (20,043) (96,133) 299,498 (1,223) (137,296) 289,124 151,828 $ (19,757) 17,243 (4,095) (160,435) (85,031) (252,075) (5,937) (21,132) 310,256 289,124 $ 34,109 $ 69,524 $ 30,167 $ 54,738 $ 19,979 75,805 $