Question
From the information provided in the statement of cash flows, explain what allows Fedex Corporation to expand its business as evidenced by the investing activities,
From the information provided in the statement of cash flows, explain what allows Fedex Corporation to expand its business as evidenced by the investing activities, while at the same time not raising as much cash through financing.
| Investing activities: | 2017 | 2016 | 2015 | |
| Capital expenditures | (5,116) | (4,818) | (4,347) | |
| Business acquisitions, net of cash acquired | (4,618) | (1,429) | ||
| Proceeds from asset dispositions and other | (10) | 24 | 18 | |
| (5,126) | (9,412) | (5,758) |
| Financing activities: | 2017 | 2016 | 2015 |
| Purchase of treasury stock | (509) | (2,722) | (1,254) |
| Principal payments on debt | (82) | (41) | (5) |
| Proceeds from debt issuances | 1,190 | 6,519 | 2,491 |
| Dividends paid | (426) | (227) | (227) |
| Other | 355 | 132 | 344 |
| 528 | 3,661 | 1,349 | |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
9781119563099
