Lion Mane Income Statement In Millionsn except per share items. \begin{tabular}{|c|r|r|r|r|} \hline For the Fiscal Period Ending & 12 months Dec-31-2018 & 12 months Dec-31-2019 & 12 months Dec-31-2020 & 12 months Dec-31-2021 \\ \hline Revenue & 193,919.0 & 255,765.0 & 267,908.0 & 290,912.0 \\ \hline Total Revenue & 193,919.0 & 255,765.0 & 267,908.0 & 290,912.0 \\ \hline \end{tabular} Cost Of Goods Sold Gross Profit \begin{tabular}{|r|r|r|r|} 163,041.0 & 211,248.0 & 219,660.0 & 240,063.0 \\ \hline 30,878.0 & 44,517.0 & 48,248.0 & 50,849.0 \\ \hline \end{tabular} Selling General \& Admin Exp. \begin{tabular}{|r|r|r|r|} \hline 20,827.0 & 32,699.0 & 34,585.0 & 37,072.0 \\ \hline & & & \\ \hline 20,827.0 & 32,699.0 & 34,585.0 & 37,072.0 \\ \hline \end{tabular} Other Operating Exp., Total \begin{tabular}{|r|r|r|r|} \hline 10,051.0 & 11,818.0 & 13,663.0 & 13,777.0 \\ \hline(2,619.0) & (3,035.0) & (2,907.0) & (2,503.0) \\ \hline 660.0 & 1,011.0 & 798.0 & 1,199.0 \\ \hline(1,959.0) & (2,024.0) & (2,109.0) & (1,304.0) \\ \hline \end{tabular} Operating Income \begin{tabular}{rr|r|r|} (2.0) & (7.0) & (12.0) & (4.0) \\ \hline 8,090.0 & 9,787.0 & 11,542.0 & 12,469.0 \\ \hline \end{tabular} Other Non-Operating Inc. (Exp.) EBT Excl. Unusual Items Restructuring Charges Merger \& Related Restruct. Charges Impairment of Goodwill Asset Writedown Legal Settlements \begin{tabular}{|r|r|r|r|} \hline & (231.0) & & (1,358.0) \\ \hline(492.0) & (480.0) & (332.0) & (132.0) \\ \hline(6,149.0) & & & (431.0) \\ \hline(43.0) & & & \\ \hline & & & 263.0 \\ \hline & (79.0) & (1,440.0) & (391.0) \\ \hline 1,406.0 & 8,997.0 & 9,770.0 & 10,420.0 \\ \hline \end{tabular} Income Tax Expense Earnings from Cont. Ops. \begin{tabular}{|r|r|r|r|} \hline 2,002.0 & 2,366.0 & 2,569.0 & 2,522.0 \\ \hline (596.0) & 6,631.0 & 7,201.0 & 7,898.0 \\ \hline \end{tabular} Earnings of Discontinued Ops. Net Income to Company \begin{tabular}{rrrr|r} & & (9.0) & \\ \hline (596.0) & 6,631.0 & 7,192.0 & 7,898.0 \\ \hline \end{tabular} Minority Int. in Earnings Net Income \begin{tabular}{rrrr} 2.0 & 3.0 & (13.0) & 12.0 \\ \hline (594.0): & 6,634.0 & 7,179.0 & 7,910.0 \\ \hline \hline \end{tabular} Pref. Dividends and Other Adj. 3.05.0 NI to Common Incl Extra Items \begin{tabular}{|l|r|r|r|} \hline (597.0) & 6,629.0 & 7,179.0 & 7,910.0 \\ \hline \end{tabular} Per Share Items \begin{tabular}{|l|r|r|r|r} \hline Basic EPS & ($0.57) & $5.1 & $5.48 & $6.0 \\ \hline Weighted Avg. Basic Shares Out. & 1,044.0 & 1,301.0 & 1,309.0 & 1,319.0 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|r} \hline Dividends per Share & $2.0 & $2.0 & $2.0 & $2.0 \\ \hline Payout Ratio \% & NM & 39.2% & 36.6% & 33.2% \end{tabular} Supplemental Items \begin{tabular}{|l|r|r|r|r|} \hline EBITDA & 12,769.0 & 16,189.0 & 18,104.0 & 18,289.0 \\ \hline EBIT & 10,051.0 & 11,818.0 & 13,663.0 & 13,777.0 \\ \hline Effective Tax Rate \% & 142.4% & 26.3% & 26.3% & 24.2% \\ \hline Current Domestic Taxes & 1,979.0 & 3,015.0 & 3,133.0 & 2,950.0 \\ \hline Total Current Taxes & 1,979.0 & 3,015.0 & 3,133.0 & 2,950.0 \\ \hline \end{tabular} Supplemental Operating Expense Items Advertising Exp. Selling and Marketing Exp. \begin{tabular}{|r|r|r|r|} \hline 364.0 & 396.0 & 461.0 & 523.0 \\ \hline 364.0 & 396.0 & 461.0 & 523.0 \\ \hline \end{tabular} Lion Mane Balance Sheet In Millionsn except per share items. LIABILITIES \begin{tabular}{|l|r|r|r|r|} \hline Accounts Payable & 8,925.0 & 10,492.0 & 11,138.0 & 12,544.0 \\ \hline Accrued Exp. & 16,701.0 & 18,855.0 & 21,181.0 & 25,291.0 \\ \hline Short-term Borrowings & 720.0 & & & \\ \hline Curr. Port. of LT Debt & 1,265.0 & 3,754.0 & 5,407.0 & 4,155.0 \\ \hline Curr. Port. of Leases & & 1,623.0 & 1,671.0 & 1,696.0 \\ \hline Unearned Revenue, Current & 67.0 & 73.0 & 71.0 & 87.0 \\ \hline Other Current Liabilities & 16,331.0 & 18,506.0 & 22,549.0 & 24,034.0 \\ \hline Total Current Liabilities & 44,009.0 & 53,303.0 & 62,017.0 & 67,807.0 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|r|} \hline Long-Term Debt & 70,802.0 & 63,918.0 & 58,157.0 & 50,721.0 \\ \hline Long-Term Leases & 642.0 & 19,707.0 & 19,807.0 & 19,427.0 \\ \hline Pension \& Other Post-Retire. Benefits & 300.0 & 313.0 & 285.0 & 250.0 \\ \hline Def. Tax Liability, Non-Curr. & 7,677.0 & 7,294.0 & 6,794.0 & 6,270.0 \\ \hline Other Non-Current Liabilities & 14,483.0 & 13,744.0 & 13,954.0 & 13,143.0 \\ \hline Total Liabilities & 137,913.0 & 158,279.0 & 161,014.0 & 157,618.0 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|r|} \hline Common Stock & 17.0 & 17.0 & 17.0 & 17.0 \\ \hline Additional Paid In Capital & 45,423.0 & 45,955.0 & 46,496.0 & 47,360.0 \\ \hline Retained Earnings & 40,911.0 & 45,108.0 & 49,640.0 & 54,906.0 \\ \hline Treasury Stock & (28,199.0) & (28,206.0) & (28,149.0) & (28,144.0) \\ \hline Comprehensive Inc. and Other & 73.0 & 990.0 & 1,385.0 & 936.0 \\ \hline Total Common Equity & 58,225.0 & 63,864.0 & 69,389.0 & 75,075.0 \\ \hline & & & & \\ \hline Minority Interest & 318.0 & 306.0 & 312.0 & 306.0 \\ \hline Total Equity & 58.543.0 & 64.170.0 & 69.701.0 & 75,381.0 \\ \cline { 1 - 6 } & & & & \end{tabular} Total Liabilities And Equity \( \quad=196,4560 \quad \stackrel{222,4990}{=\quad 230,7150}=\stackrel{232,9990}{\hline} \) Supplemental Items \begin{tabular}{|l|r|r|r|r|} \hline Total Shares Out. on Balance Sheet Da & 1,295.0 & 1,302.0 & 1,310.0 & 1,322.0 \\ \hline Book Value/Share & $44.96 & $49.05 & $52.97 & $56.79 \\ \hline Tangible Book Value & (56,977.0) & (49,006.0) & (41,305.0) & (33,072.0) \\ \hline Tangible Book Value/Share & ($44.0) & ($37.64) & ($31.53) & ($25.02) \\ \hline Total Debt & 73,429.0 & 89,002.0 & 85,042.0 & 75,999.0 \\ \hline Land & 1,872.0 & 1,981.0 & 2,134.0 & 2,038.0 \\ \hline Buildings & 3,785.0 & 3,541.0 & 3,950.0 & 4,225.0 \\ \hline Machinery & 13,028.0 & 12,401.0 & 13,125.0 & 13,619.0 \\ \hline Leasehold Improvements & 5,384.0 & 5,611.0 & 6,077.0 & 6,242.0 \\ \hline Full Time Employees & 295,000 & 290,000 & 213,000 & 216,000 \\ \hline Part-Time Employees & NA & NA & 87,000 & 84,000 \\ \hline \end{tabular} Lion Mane Cash Flow Statement In Millions, except per share items. For the Fiscal Period Ending \begin{tabular}{|c|c|c|c|} \hline 12 months & 12 months & 12 months & 12 months \\ \hline Dec-31-2018 & Dec-31-2019 & Dec-31-2020 & Dec-31-2021 \end{tabular} \begin{tabular}{|l|r|r|r|r|} \hline Net Income & (594.0 & 6,634.0 & 7,179.0 & 7,910.0 \\ \hline Depreciation \& Amort. & 1,712.0 & 1,935.0 & 2,100.0 & 2,253.0 \\ \hline Amort. of Goodwill and Intangibles & 1,006.0 & 2,436.0 & 2,341.0 & 2,259.0 \\ \hline Depreciation \& Amort., Total & 2,718.0 & 4,371.0 & 4,441.0 & 4,512.0 \\ \cline { 1 - 5 } & & & & \\ \hline (Gain) Loss From Sale Of Assets & 86.0 & 205.0 & (269.0) & \\ \hline Asset Writedown/Restructure Costs & 6,149.0 & 231.0 & & 1,789.0 \\ \hline Stock-Based Compensation & 280.0 & 453.0 & 400.0 & 484.0 \\ \hline Other Operating Activities & 338.0 & (545.0) & 955.0 & (378.0) \\ \hline Change in Acc. Receivable & (1,139.0) & (2,158.0) & (1,510.0) & (2,703.0) \\ \hline Change In Inventories & (1,153.0) & (1,075.0) & (973.0) & 735.0 \\ \hline Change in Acc. Payable & 2,329.0 & 3,550.0 & 2,769.0 & 2,898.0 \\ \hline Change in Other Net Operating Asset: & (149.0) & 1,182.0 & 2,873.0 & 3,018.0 \\ \hline Cash from Ops. & 8,865.0 & 12,848.0 & 15,865.0 & 18,265.0 \\ \hline Capital Expenditure & & & & \\ \hline Cash Acquisitions & (2,037.0) & (2,457.0) & (2,437.0) & (2,520.0) \\ \hline Divestitures & (42,226.0) & (444.0) & (866.0) & (146.0) \\ \hline Invest. in Marketable \& Equity Securt. & 832.0 & & 840.0 & \\ \hline Other Investing Activities & 125.0 & (485.0) & (3,172.0) & (2,717.0) \\ \hline Cash from Investing & 21.0 & 47.0 & 101.0 & 122.0 \\ \hline \end{tabular} Short Term Debt Issued Long-Term Debt Issued Total Debt Issued \begin{tabular}{|r|r|r|r|} \hline 44,343.0 & 3,736.0 & 9,958.0 & 987.0 \\ \hline 44,343.0 & 3,736.0 & 9,958.0 & 987.0 \\ \hline(556.0) & (720.0) & & \\ \hline(5,522.0) & (8,336.0) & (15,631.0) & (10,254.0) \\ \hline(6,078.0) & (9,056.0) & (15,631.0) & (10,254.0) \\ \hline \end{tabular} Issuance of Common Stock Repurchase of Common Stock \begin{tabular}{|r|r|r|r|} \hline 242.0 & 210.0 & 264.0 & 549.0 \\ \hline(97.0) & (112.0) & (88.0) & (168.0) \\ \hline \end{tabular} Common Dividends Paid Total Dividends Paid \begin{tabular}{rrrr|r|} \hline(2,038.0) & (2,603.0) & (2,624.0) & (2,625.0) \\ \hline(2,038.0) & (2,603.0) & (2,624.0) & (2,625.0) \\ \hline \end{tabular} Special Dividend Paid Other Financing Activities Cash from Financing \begin{tabular}{rr|r|r|r|} \hline 447.0 & 171.0 & 425.0 & 155.0 \\ \hline 36,819.0 & (7,654.0) & (7,696.0) & (11,356.0) \\ \hline \end{tabular} Foreign Exchange Rate Adj. Net Change in Cash \begin{tabular}{rrrr|} (4.0) & & & \\ \hline 2,395.0 & 1,8550 & 2,6350 & 1,648.0 \\ \hline \hline \end{tabular} Supplemental Items \begin{tabular}{|l|r|r|r|r|} \hline Cash Interest Paid & 2,803.0 & 2,954.0 & 2,904.0 & 2,469.0 \\ \hline Cash Taxes Paid & 2,383.0 & 2,717.0 & 2,929.0 & 3,195.0 \\ \hline Change in Net Working Capital & (6,975.0) & (2,318.0) & (3,744.0) & (5,049.0) \\ \hline Net Debt Issued & 38,265.0 & (5,320.0) & (5,673.0) & (9,267.0) \\ \hline \end{tabular} 6) If you were to look at the firm's capital structure, what do you see as the trend in longterm liabilities over the 4 years? Do you think it looks like a good thing to do-and why? Lion Mane Income Statement In Millionsn except per share items. \begin{tabular}{|c|r|r|r|r|} \hline For the Fiscal Period Ending & 12 months Dec-31-2018 & 12 months Dec-31-2019 & 12 months Dec-31-2020 & 12 months Dec-31-2021 \\ \hline Revenue & 193,919.0 & 255,765.0 & 267,908.0 & 290,912.0 \\ \hline Total Revenue & 193,919.0 & 255,765.0 & 267,908.0 & 290,912.0 \\ \hline \end{tabular} Cost Of Goods Sold Gross Profit \begin{tabular}{|r|r|r|r|} 163,041.0 & 211,248.0 & 219,660.0 & 240,063.0 \\ \hline 30,878.0 & 44,517.0 & 48,248.0 & 50,849.0 \\ \hline \end{tabular} Selling General \& Admin Exp. \begin{tabular}{|r|r|r|r|} \hline 20,827.0 & 32,699.0 & 34,585.0 & 37,072.0 \\ \hline & & & \\ \hline 20,827.0 & 32,699.0 & 34,585.0 & 37,072.0 \\ \hline \end{tabular} Other Operating Exp., Total \begin{tabular}{|r|r|r|r|} \hline 10,051.0 & 11,818.0 & 13,663.0 & 13,777.0 \\ \hline(2,619.0) & (3,035.0) & (2,907.0) & (2,503.0) \\ \hline 660.0 & 1,011.0 & 798.0 & 1,199.0 \\ \hline(1,959.0) & (2,024.0) & (2,109.0) & (1,304.0) \\ \hline \end{tabular} Operating Income \begin{tabular}{rr|r|r|} (2.0) & (7.0) & (12.0) & (4.0) \\ \hline 8,090.0 & 9,787.0 & 11,542.0 & 12,469.0 \\ \hline \end{tabular} Other Non-Operating Inc. (Exp.) EBT Excl. Unusual Items Restructuring Charges Merger \& Related Restruct. Charges Impairment of Goodwill Asset Writedown Legal Settlements \begin{tabular}{|r|r|r|r|} \hline & (231.0) & & (1,358.0) \\ \hline(492.0) & (480.0) & (332.0) & (132.0) \\ \hline(6,149.0) & & & (431.0) \\ \hline(43.0) & & & \\ \hline & & & 263.0 \\ \hline & (79.0) & (1,440.0) & (391.0) \\ \hline 1,406.0 & 8,997.0 & 9,770.0 & 10,420.0 \\ \hline \end{tabular} Income Tax Expense Earnings from Cont. Ops. \begin{tabular}{|r|r|r|r|} \hline 2,002.0 & 2,366.0 & 2,569.0 & 2,522.0 \\ \hline (596.0) & 6,631.0 & 7,201.0 & 7,898.0 \\ \hline \end{tabular} Earnings of Discontinued Ops. Net Income to Company \begin{tabular}{rrrr|r} & & (9.0) & \\ \hline (596.0) & 6,631.0 & 7,192.0 & 7,898.0 \\ \hline \end{tabular} Minority Int. in Earnings Net Income \begin{tabular}{rrrr} 2.0 & 3.0 & (13.0) & 12.0 \\ \hline (594.0): & 6,634.0 & 7,179.0 & 7,910.0 \\ \hline \hline \end{tabular} Pref. Dividends and Other Adj. 3.05.0 NI to Common Incl Extra Items \begin{tabular}{|l|r|r|r|} \hline (597.0) & 6,629.0 & 7,179.0 & 7,910.0 \\ \hline \end{tabular} Per Share Items \begin{tabular}{|l|r|r|r|r} \hline Basic EPS & ($0.57) & $5.1 & $5.48 & $6.0 \\ \hline Weighted Avg. Basic Shares Out. & 1,044.0 & 1,301.0 & 1,309.0 & 1,319.0 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|r} \hline Dividends per Share & $2.0 & $2.0 & $2.0 & $2.0 \\ \hline Payout Ratio \% & NM & 39.2% & 36.6% & 33.2% \end{tabular} Supplemental Items \begin{tabular}{|l|r|r|r|r|} \hline EBITDA & 12,769.0 & 16,189.0 & 18,104.0 & 18,289.0 \\ \hline EBIT & 10,051.0 & 11,818.0 & 13,663.0 & 13,777.0 \\ \hline Effective Tax Rate \% & 142.4% & 26.3% & 26.3% & 24.2% \\ \hline Current Domestic Taxes & 1,979.0 & 3,015.0 & 3,133.0 & 2,950.0 \\ \hline Total Current Taxes & 1,979.0 & 3,015.0 & 3,133.0 & 2,950.0 \\ \hline \end{tabular} Supplemental Operating Expense Items Advertising Exp. Selling and Marketing Exp. \begin{tabular}{|r|r|r|r|} \hline 364.0 & 396.0 & 461.0 & 523.0 \\ \hline 364.0 & 396.0 & 461.0 & 523.0 \\ \hline \end{tabular} Lion Mane Balance Sheet In Millionsn except per share items. LIABILITIES \begin{tabular}{|l|r|r|r|r|} \hline Accounts Payable & 8,925.0 & 10,492.0 & 11,138.0 & 12,544.0 \\ \hline Accrued Exp. & 16,701.0 & 18,855.0 & 21,181.0 & 25,291.0 \\ \hline Short-term Borrowings & 720.0 & & & \\ \hline Curr. Port. of LT Debt & 1,265.0 & 3,754.0 & 5,407.0 & 4,155.0 \\ \hline Curr. Port. of Leases & & 1,623.0 & 1,671.0 & 1,696.0 \\ \hline Unearned Revenue, Current & 67.0 & 73.0 & 71.0 & 87.0 \\ \hline Other Current Liabilities & 16,331.0 & 18,506.0 & 22,549.0 & 24,034.0 \\ \hline Total Current Liabilities & 44,009.0 & 53,303.0 & 62,017.0 & 67,807.0 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|r|} \hline Long-Term Debt & 70,802.0 & 63,918.0 & 58,157.0 & 50,721.0 \\ \hline Long-Term Leases & 642.0 & 19,707.0 & 19,807.0 & 19,427.0 \\ \hline Pension \& Other Post-Retire. Benefits & 300.0 & 313.0 & 285.0 & 250.0 \\ \hline Def. Tax Liability, Non-Curr. & 7,677.0 & 7,294.0 & 6,794.0 & 6,270.0 \\ \hline Other Non-Current Liabilities & 14,483.0 & 13,744.0 & 13,954.0 & 13,143.0 \\ \hline Total Liabilities & 137,913.0 & 158,279.0 & 161,014.0 & 157,618.0 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|r|} \hline Common Stock & 17.0 & 17.0 & 17.0 & 17.0 \\ \hline Additional Paid In Capital & 45,423.0 & 45,955.0 & 46,496.0 & 47,360.0 \\ \hline Retained Earnings & 40,911.0 & 45,108.0 & 49,640.0 & 54,906.0 \\ \hline Treasury Stock & (28,199.0) & (28,206.0) & (28,149.0) & (28,144.0) \\ \hline Comprehensive Inc. and Other & 73.0 & 990.0 & 1,385.0 & 936.0 \\ \hline Total Common Equity & 58,225.0 & 63,864.0 & 69,389.0 & 75,075.0 \\ \hline & & & & \\ \hline Minority Interest & 318.0 & 306.0 & 312.0 & 306.0 \\ \hline Total Equity & 58.543.0 & 64.170.0 & 69.701.0 & 75,381.0 \\ \cline { 1 - 6 } & & & & \end{tabular} Total Liabilities And Equity \( \quad=196,4560 \quad \stackrel{222,4990}{=\quad 230,7150}=\stackrel{232,9990}{\hline} \) Supplemental Items \begin{tabular}{|l|r|r|r|r|} \hline Total Shares Out. on Balance Sheet Da & 1,295.0 & 1,302.0 & 1,310.0 & 1,322.0 \\ \hline Book Value/Share & $44.96 & $49.05 & $52.97 & $56.79 \\ \hline Tangible Book Value & (56,977.0) & (49,006.0) & (41,305.0) & (33,072.0) \\ \hline Tangible Book Value/Share & ($44.0) & ($37.64) & ($31.53) & ($25.02) \\ \hline Total Debt & 73,429.0 & 89,002.0 & 85,042.0 & 75,999.0 \\ \hline Land & 1,872.0 & 1,981.0 & 2,134.0 & 2,038.0 \\ \hline Buildings & 3,785.0 & 3,541.0 & 3,950.0 & 4,225.0 \\ \hline Machinery & 13,028.0 & 12,401.0 & 13,125.0 & 13,619.0 \\ \hline Leasehold Improvements & 5,384.0 & 5,611.0 & 6,077.0 & 6,242.0 \\ \hline Full Time Employees & 295,000 & 290,000 & 213,000 & 216,000 \\ \hline Part-Time Employees & NA & NA & 87,000 & 84,000 \\ \hline \end{tabular} Lion Mane Cash Flow Statement In Millions, except per share items. For the Fiscal Period Ending \begin{tabular}{|c|c|c|c|} \hline 12 months & 12 months & 12 months & 12 months \\ \hline Dec-31-2018 & Dec-31-2019 & Dec-31-2020 & Dec-31-2021 \end{tabular} \begin{tabular}{|l|r|r|r|r|} \hline Net Income & (594.0 & 6,634.0 & 7,179.0 & 7,910.0 \\ \hline Depreciation \& Amort. & 1,712.0 & 1,935.0 & 2,100.0 & 2,253.0 \\ \hline Amort. of Goodwill and Intangibles & 1,006.0 & 2,436.0 & 2,341.0 & 2,259.0 \\ \hline Depreciation \& Amort., Total & 2,718.0 & 4,371.0 & 4,441.0 & 4,512.0 \\ \cline { 1 - 5 } & & & & \\ \hline (Gain) Loss From Sale Of Assets & 86.0 & 205.0 & (269.0) & \\ \hline Asset Writedown/Restructure Costs & 6,149.0 & 231.0 & & 1,789.0 \\ \hline Stock-Based Compensation & 280.0 & 453.0 & 400.0 & 484.0 \\ \hline Other Operating Activities & 338.0 & (545.0) & 955.0 & (378.0) \\ \hline Change in Acc. Receivable & (1,139.0) & (2,158.0) & (1,510.0) & (2,703.0) \\ \hline Change In Inventories & (1,153.0) & (1,075.0) & (973.0) & 735.0 \\ \hline Change in Acc. Payable & 2,329.0 & 3,550.0 & 2,769.0 & 2,898.0 \\ \hline Change in Other Net Operating Asset: & (149.0) & 1,182.0 & 2,873.0 & 3,018.0 \\ \hline Cash from Ops. & 8,865.0 & 12,848.0 & 15,865.0 & 18,265.0 \\ \hline Capital Expenditure & & & & \\ \hline Cash Acquisitions & (2,037.0) & (2,457.0) & (2,437.0) & (2,520.0) \\ \hline Divestitures & (42,226.0) & (444.0) & (866.0) & (146.0) \\ \hline Invest. in Marketable \& Equity Securt. & 832.0 & & 840.0 & \\ \hline Other Investing Activities & 125.0 & (485.0) & (3,172.0) & (2,717.0) \\ \hline Cash from Investing & 21.0 & 47.0 & 101.0 & 122.0 \\ \hline \end{tabular} Short Term Debt Issued Long-Term Debt Issued Total Debt Issued \begin{tabular}{|r|r|r|r|} \hline 44,343.0 & 3,736.0 & 9,958.0 & 987.0 \\ \hline 44,343.0 & 3,736.0 & 9,958.0 & 987.0 \\ \hline(556.0) & (720.0) & & \\ \hline(5,522.0) & (8,336.0) & (15,631.0) & (10,254.0) \\ \hline(6,078.0) & (9,056.0) & (15,631.0) & (10,254.0) \\ \hline \end{tabular} Issuance of Common Stock Repurchase of Common Stock \begin{tabular}{|r|r|r|r|} \hline 242.0 & 210.0 & 264.0 & 549.0 \\ \hline(97.0) & (112.0) & (88.0) & (168.0) \\ \hline \end{tabular} Common Dividends Paid Total Dividends Paid \begin{tabular}{rrrr|r|} \hline(2,038.0) & (2,603.0) & (2,624.0) & (2,625.0) \\ \hline(2,038.0) & (2,603.0) & (2,624.0) & (2,625.0) \\ \hline \end{tabular} Special Dividend Paid Other Financing Activities Cash from Financing \begin{tabular}{rr|r|r|r|} \hline 447.0 & 171.0 & 425.0 & 155.0 \\ \hline 36,819.0 & (7,654.0) & (7,696.0) & (11,356.0) \\ \hline \end{tabular} Foreign Exchange Rate Adj. Net Change in Cash \begin{tabular}{rrrr|} (4.0) & & & \\ \hline 2,395.0 & 1,8550 & 2,6350 & 1,648.0 \\ \hline \hline \end{tabular} Supplemental Items \begin{tabular}{|l|r|r|r|r|} \hline Cash Interest Paid & 2,803.0 & 2,954.0 & 2,904.0 & 2,469.0 \\ \hline Cash Taxes Paid & 2,383.0 & 2,717.0 & 2,929.0 & 3,195.0 \\ \hline Change in Net Working Capital & (6,975.0) & (2,318.0) & (3,744.0) & (5,049.0) \\ \hline Net Debt Issued & 38,265.0 & (5,320.0) & (5,673.0) & (9,267.0) \\ \hline \end{tabular} 6) If you were to look at the firm's capital structure, what do you see as the trend in longterm liabilities over the 4 years? Do you think it looks like a good thing to do-and why
