Question
Lightspeed Industries had Net Income for 2019 of $7,800,000. The firm invested $4,000,000 in manufacturing equipment during 2018 but made no additional capital investments in
Lightspeed Industries had Net Income for 2019 of $7,800,000.
The firm invested $4,000,000 in manufacturing equipment during 2018 but made no additional capital investments in 2019. The equipment is being depreciated over five years using straight-line depreciation, starting in 2018.
Assuming no other adjustments to cash flow than those mentioned here, create a statement of cash flows for 2019 with amounts in thousands.
What is the Net Cash Flow in 2019?
Note: Financial results are provided in dollars but the income statement units are thousands of dollars.
Please specify your answer in the same units as the statement of cash flows (i.e., enter the number from your completed statement of cash flows).
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