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Nabors, Inc. 2008 Income Statment ($ in millions) Net sales $9,610 Less: Cost of goods sold $6,310 Less: Depreciation $1,370 Earnings before interest and taxes
Nabors, Inc.
2008 Income Statment ($ in millions)
Net sales | $9,610 |
Less: Cost of goods sold | $6,310 |
Less: Depreciation | $1,370 |
Earnings before interest and taxes | $1,930 |
Less: Interest paid | $ 630 |
Taxable Income | $1,300 |
Less: Taxes | $ 455 |
Net income | $ 845 |
Nabors, Inc.
2007 & 2008 Balance Sheets ($ in millions)
2007 | 2008 | |
Cash | $ 310 | $ 405 |
Accounts rec. | $ 2,640 | $ 3,055 |
Inventory | $ 3,275 | $ 3,850 |
Total | $ 6,225 | $ 7,310 |
Net fixed assets | $10,960 | $10,670 |
Total assets | $17,185 | $17,980 |
2007 | 2008 | |
Accounts payable | $ 2,720 | $ 2,570 |
Notes payable | $ 100 | $ 0 |
Total | $ 2,820 | $ 2,570 |
Long-term debt | $ 7,875 | $ 8,100 |
Common stock | $ 5,000 | $ 5,250 |
Retained earnings | $ 1,490 | $ 2,060 |
Total liab. & equity | $17,185 | $17,980 |
Question: What is the cash flow of the firm for 2008?
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