Question
Nabors, Inc. 2018 statement of comprehensive income ($ in millions) Net sales $9,610 Less: Cost of goods sold 6,310 Less: Depreciation 1,370 Earnings before interest
Nabors, Inc. 2018 statement of comprehensive income ($ 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 | $845 |
Nabors, Inc. 2017 and 2018 Statement of financial positions ($ in millions) | |||||
| 2017 | 2018 |
| 2017 | 2018 |
Cash | $310 | $405 | Accounts payable | $2720 | 2570 |
A/R | 2,640 | 3,055 | Notes payable | 100 | 0 |
Inventory | 3,275 | 3,850 | Total | 2820 | 2570 |
Total | 6,225 | 7,310 | Long-term debt | 7875 | 8100 |
Net fixed assets | 10,960 | 10,670 | Common stock | 5000 | 5250 |
|
|
| Retained earnings | 1490 | 2060 |
Total Assets | 17,185 | 17980 | Total liab. & equity | 17,185 | 17,980 |
What is the cash flow from assets for 2018 ($ in millions)? Did the company have-2570
sufficient money to buy back 12% of its outstanding stocks?
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