Question
Following are comparative statements of cash flows, as reported by The Coca-Cola Company in its 2017 annual report: THE COCA-COLA COMPANY AND SUBSIDIARIES Consolidated Statements
Following are comparative statements of cash flows, as reported by The Coca-Cola Company in its 2017 annual report:
THE COCA-COLA COMPANY AND SUBSIDIARIES | |||||||||||
Consolidated Statements of Cash Flows | |||||||||||
Year Ended December 31 (in millions) | |||||||||||
2017 | 2016 | 2015 | |||||||||
Operating Activities (details omitted): | |||||||||||
Net cash provided by operating activities | $ | 6,995 | $ | 8,796 | $ | 10,528 | |||||
Investing Activities: | |||||||||||
Purchases of investments | (16,520 | ) | (15,499 | ) | (15,831 | ) | |||||
Proceeds from disposals of investments | 15,911 | 16,624 | 14,079 | ||||||||
Acquisitions of businesses, equity method investments, and nonmarketable securities | (3,900 | ) | (838 | ) | (2,491 | ) | |||||
Proceeds from disposals of businesses, equity method investments, and nonmarketable securities | 3,821 | 1,035 | 565 | ||||||||
Purchases of property, plant, and equipment | (1,675 | ) | (2,262 | ) | (2,553 | ) | |||||
Proceeds from disposals of property, plant, and equipment | 104 | 150 | 85 | ||||||||
Other investing activities | (126 | ) | (209 | ) | (40 | ) | |||||
Net cash provided by (used in) investing activities | (2,385 | ) | (999 | ) | (6,186 | ) | |||||
Financing Activities: | |||||||||||
Issuances of debt | 29,857 | 27,281 | 40,434 | ||||||||
Payments of debt | (28,768 | ) | (25,615 | ) | (37,738 | ) | |||||
Issuances of stock | 1,595 | 1,434 | 1,245 | ||||||||
Purchases of stock for treasury | (3,682 | ) | (3,681 | ) | (3,564 | ) | |||||
Dividends | (6,320 | ) | (6,043 | ) | (5,741 | ) | |||||
Other financing activities | (91 | ) | 79 | 251 | |||||||
Net cash provided by (used in) financing activities | (7,409 | ) | (6,545 | ) | (5,113 | ) | |||||
Cash Flows from Discontinued Operations: | |||||||||||
Net cash provided by (used in) operating activities of discontinued operations | 111 | ||||||||||
Net cash provided by (used in) investing activities of discontinued operations | (65 | ) | |||||||||
Net cash provided by (used in) financing activities of discontinued operations | (38 | ) | |||||||||
Net cash provided by (used in) discontinued operations | 8 | ||||||||||
Effect of Exchange Rate Changes on Cash and Cash Equivalents: | 242 | (6 | ) | (878 | ) | ||||||
Cash and Cash Equivalents: | |||||||||||
Net increase (decrease) during the year | (2,549 | ) | 1,246 | (1,649 | ) | ||||||
Balance at beginning of the year | 8,555 | 7,309 | 8,958 | ||||||||
Balance at end of year | $ | 6,006 | $ | 8,555 | $ | 7,309 | |||||
Required: a-1. For the each of the three years by what amount, net cash provided by operations exceeded net cash used for investing activities and for the payment of dividends. (Enter your answers in millions (i.e., 5,000,000 should be entered as 5). Negative amounts should be indicated with a minus sign.)
Excess Net Cash in 2017 2016 2015 and Total ?
a-2. Have operating cash flows of the year 2017 been sufficient to meet investing needs and to pay dividends?
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Yes
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No
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