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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 | |
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