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
$2,720
$2,570
Accounts rec.
2,640
3,055
Notes payable
100
0
Inventory
3,275
3,850
Total
$2,820
$2,570
Total
$6,225
$7,310
Long-term debt
7,875
8,100
Net fixed assets
10,960
10,670
Common stock
5,000
5,250
Retained earnings
1,490
2,060
Total assets
$17,185
$17,980
Total liab. & equity
$17,185
$17,980
What is the operating cash flow for 2018 ($ in millions
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