Instructions You heard that TYSON was paying significant sign on bonuses for new employees and you are wondering if this is a good company to work for and invest in (financially speaking) TYSON FOODS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Three years ended October 3, 2020 in millions 2019 2018 2020 $ 2,071 $ 1,993 S 2,973 Cash Flows From Operating Activities: Net income Adjustments to reconcile net income to cash provided by operating activities: Depreciation Amortization Deferred income taxes 900 292 18 819 279 77 723 220 (874) 48 Gain on dispositions of businesses Impairment of assets Stock-based compensation expense Other, net (Increase) decrease in accounts receivable (Increase) decrease in inventories Increase (decrease) in accounts payable Increase (decrease) in income taxes payable/receivable Increase (decrease) in interest payable Net changes in other operating assets and liabilities Cash Provided by Operating Activities Cash Flows From Investing Activities: Additions to property, plant and equipment Purchases of marketable securities Proceeds from sale of marketable securities Acquisitions, net of cash acquired Proceeds from sale of businesses Acquisition of equity investments Other, net Cash Used for Investing Activities 89 (124) 191 86 (64) 62 (41) 346 3,874 (17) 94 77 (20) (226) (157) (55) (254) 47 (144) 2,513 (42) 175 69 (58) (2) (144) (44) 111 (3) (141) 2,963 (1,199) (105) 87 (1,259) (64) 63 (2,462) 170 (1,200) (42) 37 (1,474) 797 29 (183) (52) (1,423) 88 (24) (1,906) (3,464) Cash Flows From Financing Activities: Proceeds from issuance of debt Payments on debt Borrowings on revolving credit facility Payments on revolving credit facility Proceeds from issuance of commercial paper Repayments of commercial paper 1,609 (1,212) 1,210 (1,280) 14,272 (15,271) 4,634 (3,208) 1,135 (1,065) 17,722 (17,327) 1,148 (1,307) 1,755 (1,755) 21,024 (21,197) Purchases of Tyson Class A common stock Dividends Stock options exercised Other, net Cash Provided by (Used for) Financing Activities Effect of Exchange Rate Change on Cash Increase (decrease) in Cash and Cash Equivalents and Restricted Cash Cash and Cash Equivalents and Restricted Cash at Beginning of Year Cash and Cash Equivalents and Restricted Cash at End of Year Less: Restricted Cash at End of Year Cash and Cash Equivalents at End of Year (207) (601) 30 (18) (1,468) (1) 982 (252) (537) 99 (30) 1,171 (6) (427) (431) 102 (14) (1,102) (3) (48) 318 214 484 270 484 270 1,466 46 $ 1,420 $ 484 $ 270 Looking over this cash flow statement, write a one page memo in a professional business memo format describing what it is that these cash flow statements tell us about the financial health of Tyson and where their cash comes from and is used in. Instructions You heard that TYSON was paying significant sign on bonuses for new employees and you are wondering if this is a good company to work for and invest in (financially speaking) TYSON FOODS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Three years ended October 3, 2020 in millions 2019 2018 2020 $ 2,071 $ 1,993 S 2,973 Cash Flows From Operating Activities: Net income Adjustments to reconcile net income to cash provided by operating activities: Depreciation Amortization Deferred income taxes 900 292 18 819 279 77 723 220 (874) 48 Gain on dispositions of businesses Impairment of assets Stock-based compensation expense Other, net (Increase) decrease in accounts receivable (Increase) decrease in inventories Increase (decrease) in accounts payable Increase (decrease) in income taxes payable/receivable Increase (decrease) in interest payable Net changes in other operating assets and liabilities Cash Provided by Operating Activities Cash Flows From Investing Activities: Additions to property, plant and equipment Purchases of marketable securities Proceeds from sale of marketable securities Acquisitions, net of cash acquired Proceeds from sale of businesses Acquisition of equity investments Other, net Cash Used for Investing Activities 89 (124) 191 86 (64) 62 (41) 346 3,874 (17) 94 77 (20) (226) (157) (55) (254) 47 (144) 2,513 (42) 175 69 (58) (2) (144) (44) 111 (3) (141) 2,963 (1,199) (105) 87 (1,259) (64) 63 (2,462) 170 (1,200) (42) 37 (1,474) 797 29 (183) (52) (1,423) 88 (24) (1,906) (3,464) Cash Flows From Financing Activities: Proceeds from issuance of debt Payments on debt Borrowings on revolving credit facility Payments on revolving credit facility Proceeds from issuance of commercial paper Repayments of commercial paper 1,609 (1,212) 1,210 (1,280) 14,272 (15,271) 4,634 (3,208) 1,135 (1,065) 17,722 (17,327) 1,148 (1,307) 1,755 (1,755) 21,024 (21,197) Purchases of Tyson Class A common stock Dividends Stock options exercised Other, net Cash Provided by (Used for) Financing Activities Effect of Exchange Rate Change on Cash Increase (decrease) in Cash and Cash Equivalents and Restricted Cash Cash and Cash Equivalents and Restricted Cash at Beginning of Year Cash and Cash Equivalents and Restricted Cash at End of Year Less: Restricted Cash at End of Year Cash and Cash Equivalents at End of Year (207) (601) 30 (18) (1,468) (1) 982 (252) (537) 99 (30) 1,171 (6) (427) (431) 102 (14) (1,102) (3) (48) 318 214 484 270 484 270 1,466 46 $ 1,420 $ 484 $ 270 Looking over this cash flow statement, write a one page memo in a professional business memo format describing what it is that these cash flow statements tell us about the financial health of Tyson and where their cash comes from and is used in