Exercise 1
	1	2	3	4	5
Fixed assets	100.0	110.0	120.0	130.0	140.0
Working capital	200.0	225.0	250.0	280.0	315.0
EBITDA	38.0	40.0	44.0	48.0	52.0
Depreciation and amortization	10.0	10.0	11.0	12.0	13.0
Financial expense	14.0	15.0	17.0	19.0	22.0
Income tax expense	7.0	7.5	8.0	8.0	8.5
Dividends	5.0	5.0	5.0	6.0	6.0
Cash flow statement		2	3	4	5
Cash flow		17.5	19.0	21.0	21.5
Change in working capital		25.0	25.0	30.0	35.0
Cash flow from operating activities (A)		-7.5	-6.0	-9.0	-13.5
Capital expenditures (B)		20.0	21.0	22.0	23.0
Capital increase (C)
Dividends (D)		5.0	5.0	5.0	6.0
(A)-(B)+(C)-(D)=Net decrease in debt		-32.5	-32.0	-36.0	-42.5

A- Can you please help me understand the cash flow statement from years 2 to 5. The answers are in bold.