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Following are comparative statements of cash flows, as reported by The Coca-Cola Company in its 2020 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 2020 annual report:

THE COCA-COLA COMPANY AND SUBSIDIARIES
Consolidated Statements of Cash Flows
Year Ended December 31 (in millions)
2020 2019 2018
Operating Activities (details omitted):
Net cash provided by operating activities $ 9,844 $ 10,471 $ 7,627
Investing Activities:
Purchases of investments (13,583) (4,704) (7,789)
Proceeds from disposals of investments 13,835 6,973 14,977
Acquisitions of businesses, equity method investments, and nonmarketable securities (1,052) (5,542) (1,263)
Proceeds from disposals of businesses, equity method investments, and nonmarketable securities 189 429 1,362
Purchases of property, plant, and equipment (1,177) (2,054) (1,548)
Proceeds from disposals of property, plant, and equipment 189 978 248
Other investing activities 122 (56) (60)
Net cash provided by (used in) investing activities (1,477) (3,976) 5,927
Financing Activities:
Issuances of debt 26,934 23,009 27,605
Payments of debt (28,796) (24,850) (30,600)
Issuances of stock 647 1,012 1,476
Purchases of stock for treasury (118) (1,103) (1,912)
Dividends (7,047) (6,845) (6,644)
Other financing activities 310 (227) (272)
Net cash provided by (used in) financing activities (8,070) (9,004) (10,347)
Effect of Exchange Rate Changes on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 76 (72) (262)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents:
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the year 373 (2,581) 2,945
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of the year 6,737 9,318 6,373
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year 7,110 6,737 9,318
Less: Restricted cash and restricted cash equivalents at end of year 315 257 241
Cash and cash equivalents at end of year $ 6,795 $ 6,480 $ 9,077

Required:

A1. 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.

A2. Have operating cash flows of the year 2020 been sufficient to meet investing needs and to pay dividends?

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