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During Year 1, Catarina Clothing Co. reported the following: Long-term debt repayments, $499 million Interest paid, $156 million Proceeds from sale of stock, $22 million
During Year 1, Catarina Clothing Co. reported the following:
- Long-term debt repayments, $499 million
- Interest paid, $156 million
- Proceeds from sale of stock, $22 million
- Issuance of common stock in exchange for land costing $12 million.
What is the Year 1 net cash flow from financing activities? Indicate outflows with a negative sign. Write your final answer in millions (Ex: If your final answer is 10 million, put "10", not "10,000,000").
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