https://www.sec.gov/Archives/edgar/data/21344/000002134415000005/a2014123110-k.htm#sADED6865E781876F124F634A1CDE019D Review the 2014 Annual Report on Form 10-K for The Coca-Cola Company. Respond to the following questions in complete sentences and include the page number of the report where you found your answer. Category: Operating Activities 1. State whether your corporation uses the direct or indirect method of preparing the Statement of Cash Flows and describe how the Statement would be different under these two methods. 2. What are the largest increases and decreases in the operating activities section of your corporation's Statement of Cash Flows? 3. Given the industry your corporation operates in and the current economic environment, explain any unexpected operating activities that caused cash flow to decrease. Category: Investing and Financing Activities 1.Explain similarities and or differences in preparing the Statement of Cash Flows using International Financial Reporting Standards (IFRS). 2. Describe investments reported on your corporation's Statement of Cash Flows in the current and most recent past year. 3. Review your corporation's Statement of Cash Flows over the past 3 years and explain any financing trends. THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS Year Ended December 31, 2014 2013 2012 (In millions) OPERATING ACTIVITIES Consolidated net income $ 7,124 $ 8,626 $ 9,086 Depreciation and amortization 1,976 1,977 1,982 Stock-based compensation expense 209 227 259 Deferred income taxes (40) 648 632 Equity (income) loss net of dividends (371) (201) (426) Foreign currency adjustments 415 168 (130) Significant (gains) losses on sales of assets net 831 (670) (98) Other operating charges 761 465 166 Other items 149 234 254 Net change in operating assets and liabilities (439) (932) (1,080) Net cash provided by operating activities 10,615 10,542 10,645 INVESTING ACTIVITIES Purchases of investments (17,800) (14,782) (14,824) Proceeds from disposals of investments 12,986 12,791 7,791 Acquisitions of businesses, equity method investments and nonmarketable securities (389) (353) (1,486) Proceeds fromdisposals of businesses, equity method investments and nonmarketable securities 148 872 20 Purchases of property, plant and equipment (2,406) (2,550) (2,70) Proceeds from disposals of property, plant and equipment 223 111 143 Other investing activities (268) (303) (268) Net cash provided by (used in) investing activities (7,506) (4,214) (11,404) FINANCING ACTIVITIES Issuances of debt 41,674 43,425 42,791 Payments of debt (36,962) (38,714) (38,573) Issuances of stock 1,532 1,328 1,489 Purchases of stock for treasury (4,162) (4,832) (4,559) Dividends (5,350) (4,969) (4,595) Other financing activities (363) 17 100 Net cash provided by (used in) financing activities (3,631) (3,745) (3,347) EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (934) (611) (255) CASH AND CASH EQUIVALENTS Net increase (decrease)during the year (1,456) 1,972 (4,361) Balance at beginning of year 10,414 8,442 12,803 Balance at end of year $ 8,958 $ 10,414 $ 8,442