Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Looking at the statement of cash flows you downloaded for Deere & Company in Part 1 , identify the major inflows and outflows of cash
Looking at the statement of cash flows you downloaded for Deere & Company in Part identify the major inflows and outflows of cash for each section of the statement of cash flows.DEERE & COMPANY STATEMENTS OF CONSOLIDATED CASH FLOWS For the Six Months Ended April and May In millions of dollars Unaudited Cash Flows from Operating Activities Net income Adjustments to reconcile net income to net cash used for operating activities: Provision credit for credit losses Provision for depreciation and amortization Impairments and other adjustments Sharebased compensation expense Gain on remeasurement of previously held equity investment Provision credit for deferred income taxes Changes in assets and liabilities: Receivables related to sales Inventories Accounts payable and accrued expenses Accrued income taxes payablereceivable Retirement benefits Other Net cash used for operating activities Cash Flows from Investing Activities Collections of receivables excluding receivables related to sales Proceeds from sales of equipment on operating leases Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold Cost of receivables acquired excluding receivables related to sales Acquisitions of businesses, net of cash acquired Purchases of property and equipment Cost of equipment on operating leases acquired Collateral on derivatives net Other Net cash used for investing activities Cash Flows from Financing Activities Increase in total shortterm borrowings Proceeds from longterm borrowings Payments of longterm borrowings Proceeds from issuance of common stock Repurchases of common stock Dividends paid Other Net cash provided by used for financing activities Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash Net Increase Decrease in Cash, Cash Equivalents, and Restricted Cash Cash, Cash Equivalents, and Restricted Cash at Beginning of Period Cash, Cash Equivalents, and Restricted Cash at End of Period
Looking at the statement of cash flows you downloaded for Deere & Company in Part identify the major inflows and outflows of cash for each section of the statement of cash flows.DEERE & COMPANY
STATEMENTS OF CONSOLIDATED CASH FLOWS
For the Six Months Ended April and May
In millions of dollars Unaudited
Cash Flows from Operating Activities
Net income
Adjustments to reconcile net income to net cash used for operating activities:
Provision credit for credit losses
Provision for depreciation and amortization
Impairments and other adjustments
Sharebased compensation expense
Gain on remeasurement of previously held equity investment
Provision credit for deferred income taxes
Changes in assets and liabilities:
Receivables related to sales
Inventories
Accounts payable and accrued expenses
Accrued income taxes payablereceivable
Retirement benefits
Other
Net cash used for operating activities
Cash Flows from Investing Activities
Collections of receivables excluding receivables related to sales
Proceeds from sales of equipment on operating leases
Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold
Cost of receivables acquired excluding receivables related to sales
Acquisitions of businesses, net of cash acquired
Purchases of property and equipment
Cost of equipment on operating leases acquired
Collateral on derivatives net
Other
Net cash used for investing activities
Cash Flows from Financing Activities
Increase in total shortterm borrowings
Proceeds from longterm borrowings
Payments of longterm borrowings
Proceeds from issuance of common stock
Repurchases of common stock
Dividends paid
Other
Net cash provided by used for financing activities
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and
Restricted Cash
Net Increase Decrease in Cash, Cash Equivalents, and Restricted Cash
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period
Cash, Cash Equivalents, and Restricted Cash at End of Period
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started