d. Was the cash from operations more than or less than dividends during the period covered by the statement and the previous period?

e. What were the firms major investing activities during the period covered by the statement and the previous period? Were cash flows from operations more or less than cash flows from investing activities for the company in question?

f. What were the most significant cash flows from financing activities during the year of the statement and the previous year?

g. Review the management discussion and analysis sections of the financial statements to determine if any additional information is available concerning the companys investment or financing strategy.

CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Year Ended December 31, 2018 2017 2019 $ 19,934 $ 21,856 S 32,173 3,033 10,073 11,588 15,341 5,418 11,478 4,215 202 (292) (29) 274 219 441 21,789 6,864 164 (249) 796 (3,583) (4,780) 7,100 283 738 (1,314) (4,615) 3,263 472 1,151 30,723 (3,278) (7,681) 8,193 (1,383) 1,711 38,514 18,365 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD OPERATING ACTIVITIES: Net income Adjustments to reconcile net income to net cash from operating activities: Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other Stock-based compensation Other operating expense (income), net Other expense (income), net Deferred income taxes Changes in operating assets and liabilities: Inventories Accounts receivable, net and other Accounts payable Accrued expenses and other Unearned revenue Net cash provided by (used in) operating activities INVESTING ACTIVITIES: Purchases of property and equipment Proceeds from property and equipment sales and incentives Acquisitions, net of cash acquired, and other Sales and maturities of marketable securities Purchases of marketable securities Net cash provided by (used in) investing activities FINANCING ACTIVITIES: Proceeds from long-term debt and other Repayments of long-term debt and other Principal repayments of finance leases Principal repayments of financing obligations Net cash provided by (used in) financing activities Foreign currency effect on cash, cash equivalents, and restricted cash Net increase (decrease) in cash, cash equivalents, and restricted cash CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on long-term debt Cash paid operating leases Cash paid for interest on finance leases Cash paid for interest on financing obligations Cash paid for income taxes, net of refunds Assets acquired under operating leases Property and equipment acquired under finance leases Property and equipment acquired under build-to-suit arrangements (11,955) 1,897 (13,972) 9,677 (12,731) (27,084) (13,427) 2,104 (2,186) 8,240 (7,100) (12,369) (16,861) 4,172 (2,461) 22,681 (31,812) (24,281) 16,228 (1,301) (4,799) (200) 9,928 713 1,922 21,856 $ 768 (668) (7,449) (337) (7,686) (351) 10,317 32,173 $ 2,273 (2,684) (9,628) (27) (10,066) 70 4,237 36,410 $ 328 S 854 $ 875 3,361 647 381 200 119 194 1,184 39 881 957 9,637 3,541 10,615 3,641 7,870 13,723 1,362