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need help with all sections of this question. Identify the major investing and financing transactions for each firm for the three years presented. Additionally, for
need help with all sections of this question.
Identify the major investing and financing transactions for each firm for the three years presented. Additionally, for each firm, indicate what the primary source of cash flows has been in the years presented (looking at all sections of the statement). Use your judgment to determine what is major and primary. FIRMA CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) Years Ended December 31, 19 1978 1977 Operating Activities Net loss... $ (719,968) S(124,546) $ (31,020) Adjustments to reconcile net loss to net cash provided (used) in operating activities: Depreciation and amortization of fixed assets 36,806 9.421 3,442 Amortization of deferred stock-based compensation 30.618 2,386 1.354 Equity in losses of equity-method investees 76,769 2,905 Amortization of goodwill and other intangibles 214,694 42,599 Non-cash merger, acquisition, and investment related costs 8,072 1.561 Non-cash revenue for advertising and promotional services (5,837) Loss on sale of marketable securities 8,688 271 Non-cash interest expense 29,171 23,970 64 Net cash used in operating activities before changes in operating assets and liabilities (320,987) (41,433) (26,160) Changes in operating assets and liabilities, net of effects from acquisitions: Inventories (172,069) (20,513) (8,400) Prepaid expenses and other current assets (60,628) (16,758) (3,055) Accounts payable. 330,166 78.674 30,172 Accrued expenses and other current liabilities 65,121 21,615 5.274 Accrued advertising 42,382 9.617 2,856 Deferred revenue 262 Interest payable 24.878 (167) Net cash provided by changes in operating assets and liabilities, net of effects from acquisitions 230,112 72,468 26,847 Net cash provided (used) in operating activities (90,875 31.035 687 Investing Activities: Sales and maturities of marketable securities 4,024,551 Purchases of marketable securities 332,084 4.311 (4.290,173) Purchases of fixed assets... (546,509) (122,385) (287,055) Acquisitions and investments in businesses, net of cash acquired (28,333) (7.603) (369.607 (19.019) Net cash used in investing activities (922,284) (261.777) (125,677) Financing Activities Proceeds from issuance of capital stock and exercise of stock options 64,469 14,366 53,358 Proceeds from long-term debt 1,263,639 325,987 Repayment of long-term debt 75,000 Financing costs (188,886) (78,108) (47) (35,151) (7.783) (2,309) Net cash provided by financing activities Effect of exchange rate changes 1,104,071 254.462 126,002 489 (35) Net increase in cash 91.401 23,685 Cash at beginning of period 1,012 25. 561 1,876 864 Cash at end of period $116.962 $25,561 1.876 Supplemental Cash Flow Information: Fixed assets acquired under capital cases Fixed assets acquired under financing agreements 25,850 $ 5 3,463 Stock issued in connection with business acquisitions 5,608 1,500 774,409 Equity securities of other companies received for non-cash revenue 217,241 for advertising and promotional services Cash paid for interest, net or amounts capitalized 54,402 59.688 26,629 326 See accompanying notes to consolidated financial statements, FIRM B CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Searded December 2016 2017 16,1755 19,934 $ 21 856 2371 3.033 10.073 116 2.975 160 20) 246) 11.478 4.215 200 (292) (29) 15.341 5418 274 441 (1426) (3.436) 5,030 1.724 1.955 17.203 (583) 14,780) 7,100 283 738 18.365 (1.314) 14.615) 3.26 472 1.151 30.723 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD OPERATING ACTIVITIES Net income Adjustments to reconcile net income to net cash from operating activities Depreciation of property and equipment and other amortization, including capitalized content costs Stock-based compensation Other operating expense, net Other expense (income), net Deferred income taxes Changes in operating assets and liabilities Inventories Accounts receivable, bet and other Accounts payable Acenied expenses and other Uneamedreven Net cash provided by (used in) operating activities INVESTING ACTIVITIES Purchases of property and equipment Proceeds from property and equipment incentives Acquisitions, net of cash acquired, and other Sales and maturities of marketable securities Purchases of marketable securities Nel cash provided by (used in) investing activities FINANCING ACTIVITIES Proceeds from long-term debt and other Repayments of long-term debt and other Principal repayments of capital lease obligations Principal repayments of finance lease obligations Net cash provided by used in) financing activities Foreign currency effect on cash, cash equivalents, and restricted cash Net increase (decrease in cash, cash equivalents, and restricted cash CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD SUPPLEMENTAL CASH FLOW INFORMATION Cash paid for interest on long-term debt Cash paid for interest on capital and finance les obligations Cash paid for income taxes, net of refunds Property and equipment acquired under capital cases Property and equipment acquired under build-to-suites (13.427) 2.104 186) 67.804) 1067 (116) 4577 17.240) (9.516) (11,955) 1.897 (13.972) 9.677 (12,731) 27.054) 0.100) (12.3693 765 618 (327) 3.860) (147) 0.716) 012) 3.759 19.934 5 16.225 1,301) (4.799) 200) 9.925 713 1.9292 218565 (7,419) 337) (7686) (51) 10,317 32.173 s 5 3285 319 2905 206 412 5.704 1209 957 854 575 1.154 10.615 3.641 9.637 3.541 Step by Step Solution
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