Financial Statements Analysis F. (20 Points) Using the following statement of cash flows for Lone Star Co. a. prepare a summary analysis of the statement of cash flows, b. analyze cash flow from operating activities, and c. analyze the cash inflows and cash outflows. Lone Star Company Statement of Cash Flows For the Years Ended December 31, 2018 and 2017 (in millions Cash flows from operating activities (CFO): Net income Adjustments to reconcile net income to CFO: Depreciation and amortization Deferred income taxes Stock-based compensation (Increase) decrease in operating assets and liabilities: 2018 2017 $5,800 $3,300 550 360 10 (580) 170 590 Accounts receivable (490) (380) Inventories (6,900) (1,960) 410 Other current assets Accounts payable Income taxes payable Accrued liabilities Net CFO Cash flows from investing activities: Purchases of property and equipment Acquisitions Net cash used by investing activities Cash flows from financing activities: Proceeds from common stock sales Repayment of short-term line of credit Repayment of long-term debt Net cash provided by financing activities Net increase in cash Beginning cash balance Ending cash balance (480) 700 690 250 170 1,090 140 (290) 970 (740) (750) (350) 0 (740) (1.100) 2,000 580 (140) (70) 370 0 (70) 1.930 2,280 980 $3.260 240 740 $980