= Homework: 2-1 MyFinanceLab Assignment Question 3, P3-14 (similar to) Part 1 of 4 HW Score: 6%, 3 of 50 points O Points: 0 of 4 (Related to Checkpoint 3.3) (Analyzing the cash flow Statement) Google, Inc. (GOOG), is one of the most successful Internet firms, and it experienced very rapid growth in revenues from 2011 through 2014. The cash flow statements for Google, Inc. spanning the period are found here: questions using the information found in these statements: a. Is Google generating positive cash flow from its operations? b. How much did Google invest in new capital expenditures over the period? c. Describe Google's sources of financing in the financial markets over the period? d. Based solely on the cash flow statements for 2011 through 2014, write a brief narrative that describes the major activities of Google's management team over the period. a. Is Google generating positive cash flow from its operations? (Select the best choice below.) A. Google has generated positive cash flow from its operations during the years 2011, 2012, and 2014. B. Google has generated positive cash flow from its operations during the years 2011, 2012, 2013, and 2014. C. Google has generated positive cash flow from its operations during the years 2012, 2013, and 2014. D. Google has generated positive cash flow from its operations during the years 2011, 2013, and 2014. Data table Save Answer the following (US$ millions) 12/31/2014 12/31/2013 12/31/2012 12/31/2011 Net income $14,429 $12,930 $10,794 $9,711 Depreciation Amortization 3,457 2,738 1,902 1,356 1,440 1,131 951 482 Deferred taxes (152) (463) (280) 374 Noncash items 2,746 2,292 2,266 2,015 Changes in working capital 367 (39) 938 615 Cash from operating activities $22,287 $18,589 $16,571 $14,553 Capital expenditures $(10,928) $(7,363) $(3,277) $(3,454) Other investing cash flow items (10,088) (6,354) (9,809) (15,552) Cash from investing activities $(21,016) $(13,717) $(13,086) $(19,006) Interest and financing cash flow items $(1,470) $(344) $(109) $87 Total cash dividends paid 0 0 0 0 Issuance (retirement) of stock 2 0 50 0 Issuance (retirement) of debt (29) (598) 1,310 794 Cash from financing activities $(1,497) $(942) $1,251 $881 Foreign exchange effects $(410) $(5) $5 $14 Net change in cash $(636) $3,925 $4,741 $(3,558) (Click on the icon in order to copy its contents into a spreadsheet.) Done x