For Firm A and B, indicate which phase of the companys life cycle you believe it is in (introduction, growth, maturity, or decline). Briefly discuss the reasons for your conclusion.

=||| FIRMA CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) Years Ended December 31, 1999 1998 1997 Operating Activities: Net loss... $ (719,968) $(124,546) $ (31,020) Adjustments to reconcile net loss to net cash provided (used) in operating activities: Depreciation and amortization of fixed assets 36,806 9,421 3,442 Amortization of deferred stock-based compensation 30,618 2,386 1,354 Equity in losses of equity-method investees 76,769 2,905 Amortization of goodwill and other intangibles 214,694 42,599 Non-cash merger, acquisition, and investment related costs 8,072 1,561 Non-cash revenue for advertising and promotional services (5,837) Loss on sale of marketable securities 8,688 271 Non-cash interest expense 29,171 23,970 Net cash used in operating activities before changes in operating assets and liabilities.... (320,987) (41,433) (26,160) Changes in operating assets and liabilities, net of effects from acquisitions: Inventories (172,069) (20,513) (8,400) Prepaid expenses and other current assets (60,628) (16,758) (3,055) Accounts payable... 330,166 78,674 30,172 Accrued expenses and other current liabilities 65,121 21,615 5,274 Accrued advertising 42,382 9,617 2,856 Deferred revenue 262 Interest payable 24,878 (167 Net cash provided by changes in operating assets and liabilities, net of effects from acquisitions.. 230,112 72,468 26,847 Net cash provided (used) in operating activities. (90,875) 31,035 687 Investing Activities: Sales and maturities of marketable securities. 4,024,551 332,084 4,311 Purchases of marketable securities (4,290,173) (546,509) (122,385) Purchases of fixed assets.. (287,055) (28,333) (7,603) Acquisitions and investments in businesses, net of cash acquired (369,607) (19,019 Net cash used in investing activities (922,284) (261,777) (125,677) Financing Activities: Proceeds from issuance of capital stock and exercise of stock options 64,469 14,366 53,358 Proceeds from long-term debt 1,263,639 325,987 75,000 Repayment of long-term debt (188,886) (78,108) (47) Financing costs... (35,151) (7,783) (2,309) Net cash provided by financing activities 1,104,071 254,462 126,002 Effect of exchange rate changes 489 (35 Net increase in cash .... 91,401 23,685 1,012 Cash at beginning of period 25,561 1,876 864 Cash at end of period 116,962 $ 25,561 1,876 Supplemental Cash Flow Information: Fixed assets acquired under capital leases 25,850 $ 3,463 Fixed assets acquired under financing agreements 5,608 1,500 Stock issued in connection with business acquisitions. 774,409 217,241 Equity securities of other companies received for non-cash revenue for advertising and promotional services.... 54,402 Cash paid for interest, net of amounts capitalized. 59,688 26,629 326 See accompanying notes to consolidated financial statements. FIRM B CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) 2018 21.856 10,073 15,341 5,418 274 219 441 (1,314) (4,615) 3,263 472 1.151 30,723 Year Ended December 31 2016 2017 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD $ 16,175 $ 19,934 OPERATING ACTIVITIES: Net income 2,371 3,033 Adjustments to reconcile net income to net cash from operating activities: Depreciation of property and equipment and other amortization, including capitalized content costs 8,116 11,478 Stock-based compensation 2,975 4,215 Other operating expense, net 160 202 Other expense (income), net (20) (292) Deferred income taxes (246) (29) Changes in operating assets and liabilities: Inventories (1.426) (3,583) Accounts receivable, net and other (3,436) (4,780) Accounts payable 5,030 7.100 Accrued expenses and other 1.724 283 Unearned revenue 1.955 738 Net cash provided by (used in) operating activities 17,203 18,365 INVESTING ACTIVITIES Purchases of property and equipment (7,804) (11,955) Proceeds from property and equipment incentives 1,067 1.897 Acquisitions, net of cash acquired, and other (116) (13,972) Sales and maturities of marketable securities 4,577 9,677 Purchases of marketable securities (7.240) (12,731) Net cash provided by (used in) investing activities (9,516) (27,084) FINANCING ACTIVITIES: Proceeds from long-term debt and other 16,228 Repayments of long-term debt and other (327) (1,301) Principal repayments of capital lease obligations (3,860) (4,799) Principal repayments of finance lease obligations (147) (200) Net cash provided by (used in) financing activities (3,716) 9,928 Foreign currency effect on cash, cash equivalents, and restricted cash (212) 713 Net increase (decrease) in cash, cash equivalents, and restricted cash 3,759 1.922 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD s 19,934 $ 21,856 S SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on long-term debt s 290 $ 328 Cash paid for interest on capital and finance lease obligations 206 319 Cash paid for income taxes, net of refunds 412 957 Property and equipment acquired under capital leases 5,704 9,637 Property and equipment acquired under build-to-suit leases 1,209 3,541 See accompanying notes to consolidated financial statements. (13.427) 2,104 (2.186) 8.240 (7.100) (12,369) 618 768 (668) (7.449) (337) (7,686) (351) 10,317 32,173 854 575 1,184 10,615 3,641