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Chapter 9 The Income Statement and the Statement of Cash Flows THE COCA-COLA COMPANY AND SUBSIDIARIES Consolidated Statements of Cash Flows Year Ended December 31

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Chapter 9 The Income Statement and the Statement of Cash Flows THE COCA-COLA COMPANY AND SUBSIDIARIES Consolidated Statements of Cash Flows Year Ended December 31 (in millions) 2013 2014 2012 Operating Activities (details omitted) S 10.615$10.542 $10.645 Net cash provided by operating activities . ._ _ _ _ . . . Investing Activities: 12,791 (353) 872 7,791 Acquisitions of businesses, equity method investments, (389) (1,486) Proceeds from disposals of businesses, equity method 148 (2.406) 223 (268) (7,506) 20 2.550(2.780) 143 (268) (4.214) (11404) Proceeds from disposals of property, plant, and equipment.. (303) Net cash provided by (used in) investing activities . ... Financing Activities: 43,425 42,791 ,489 4,162 4,832 4,559) 1,328 100 (3,745) (934)(611) 1,972 Net cash provided by (used in) financing activities . .. . . .(3,631) Effect of Exchange Rate Changes on (255) Cash and Cash Equivalents Net increase (decrease) during the year.... . . . . .. . . .. .. . 1,456) (4,361) 12,803 8,442 Required: a. Briefly review the consolidated statements of cash flows, and then provide an overall evaluation of the "big picture" during the three years presented for Coca-Cola. Have operating cash flows been sufficient to meet investing needs and to pay dividends? Were there significant changes to any of the specific line-item details that you think would require further explanation or analysis? b

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