In total, how much did Cargojets cash change during 2020? Was this an increase or a decrease? How did this compare with the previous year?

How did Cargojets net income or loss in 2020 compare with the cash flows from operating activities? What was the largest difference between these two amounts?

What effect did the change in the companys trade and other receivables have on cash flows from operating activities in 2020? What does this tell you about the balance owed by the companys customers?

What effect did the change in the companys trade and other payables have on cash flows from operating activities in 2020? What does this tell you about the balance owed to these creditors?

Calculate Cargojets net free cash flow for 2020 and 2019. Is the trend positive or negative?

Cargojet had current liabilities of $180.6 million at the end of 2020 and $114.5 million at the end of 2019. Calculate Cargojets operating cash flow ratio for both years. What do these results tell you about the companys ability to generate sufficient cash to cover its current liabilities?

If you were a user of Cargojets financial statementsa banker or an investorhow would you interpret the companys cash flow pattern? How would you assess the risk of a loan to or an investment in Cargojet? Do you think the company is growing rapidly?

The consolidated statements of cashflows for Cargojet Inc. are in Exhibit 5.24. The company provides domestic air cargo services between 14 major Canadian cities and also operates international routes for cargo customers. Finance costs 1839.643.6 Crew incentive 118.51.9 Gain on disposal of property, plant and equipment 8(0.8) (1.3) Impairment of property, plant and equipment 8170.613.23.5 Employee pension liability 1544.09.2 Inome tax provision 5177.90.9 Fair value adjustment on stock warrant 27 (50.8) (7.8) Unrealized foreign exchange gain 19 (2.2) (4.3) Gain on extinguishment of debt 13 Other gains and expenses Interest paid \begin{tabular}{rr} 24.1(25.4) \\ \hline \end{tabular} Cashgeneratedfromoperatingactivities259.0131.7 Changes in non-cash working capital items and deposits Contract acquisition asset Trade and other receivables 10.013.9 Inventories 0.8(0.7) Prepaid expenses and deposits 0.9(0.7) Trade other payables Net cash generated from operating activities \begin{tabular}{rr} 21.9 & 7.2 \\ \hline 292.6 & 144.9 \\ \hline \hline \end{tabular} Cash flows from investing activities Purchase of property, plant and equipment 8(146.6)(218.1) Proceeds from insurance claim 83.6 Proceeds from total return swap \& settlement of derivative financial instrument 2714.54.1 Acquisition of business Settlement of provision Net cash used in investing activities (1.4) Cash flows from financing activities Repayment of borrowings (171.3) (61.6) Proceeds from borrowings - 99.8 Repayment of obligations under lease liabilities 10,13(77.3)(55.5) Options settled in cash 11 (7.1) (2.0) Proceedsfromdebentureissuancenetofissuancecosts14109.9109.7 Withholding tax paid on vested RSU's 11 (2.4) Dividends paid to shareholders 20 (14.6) (12.4) Net cash (used in) provided from financing activities Net change in cash Cash (bank overdraft), beginning of Year Cash, end of year The consolidated statements of cashflows for Cargojet Inc. are in Exhibit 5.24. The company provides domestic air cargo services between 14 major Canadian cities and also operates international routes for cargo customers. Finance costs 1839.643.6 Crew incentive 118.51.9 Gain on disposal of property, plant and equipment 8(0.8) (1.3) Impairment of property, plant and equipment 8170.613.23.5 Employee pension liability 1544.09.2 Inome tax provision 5177.90.9 Fair value adjustment on stock warrant 27 (50.8) (7.8) Unrealized foreign exchange gain 19 (2.2) (4.3) Gain on extinguishment of debt 13 Other gains and expenses Interest paid \begin{tabular}{rr} 24.1(25.4) \\ \hline \end{tabular} Cashgeneratedfromoperatingactivities259.0131.7 Changes in non-cash working capital items and deposits Contract acquisition asset Trade and other receivables 10.013.9 Inventories 0.8(0.7) Prepaid expenses and deposits 0.9(0.7) Trade other payables Net cash generated from operating activities \begin{tabular}{rr} 21.9 & 7.2 \\ \hline 292.6 & 144.9 \\ \hline \hline \end{tabular} Cash flows from investing activities Purchase of property, plant and equipment 8(146.6)(218.1) Proceeds from insurance claim 83.6 Proceeds from total return swap \& settlement of derivative financial instrument 2714.54.1 Acquisition of business Settlement of provision Net cash used in investing activities (1.4) Cash flows from financing activities Repayment of borrowings (171.3) (61.6) Proceeds from borrowings - 99.8 Repayment of obligations under lease liabilities 10,13(77.3)(55.5) Options settled in cash 11 (7.1) (2.0) Proceedsfromdebentureissuancenetofissuancecosts14109.9109.7 Withholding tax paid on vested RSU's 11 (2.4) Dividends paid to shareholders 20 (14.6) (12.4) Net cash (used in) provided from financing activities Net change in cash Cash (bank overdraft), beginning of Year Cash, end of year