Question
Please use this information to solve this problem All in Million USD 2019 2018 Cash and cash equivalents $ 8,934 $ 11,708 Short-term Investments 37,614
Please use this information to solve this problem
All in Million USD | 2019 | 2018 |
Cash and cash equivalents | $ 8,934 | $ 11,708 |
Short-term Investments | 37,614 | 58,784 |
Accounts receivable | 10,503 | 10,002 |
Inventories | 1,846 | 1,616 |
Prepaid expenses | 2,940 | 1,593 |
Total current assets | $ 61,837 | $ 83,703 |
Property and equipment | 44,395 | 43,576 |
Intangible assets | 2,552 | 2,539 |
TOTAL ASSETS | $ 108,784 | $ 129,818 |
Current liabilities: | ||
Short-term debt | 9,651 | 12,384 |
Accruals | 11,493 | 2,733 |
Account payables | 2,986 | 2,895 |
Deferred revenue | 19,685 | 18,494 |
Total current liabilities | 43,815 | 36,506 |
Long-term debt | 21,765 | 27,175 |
Total liabilities | 65,580 | 63,681 |
Common stock & additional paid-in | 42,820 | 42,820 |
Retained earnings | 384 | 23,317 |
Total equity | 43,204 | 66,137 |
TOTAL LIABILITIES AND EQUITY | 108,784 | 129,818 |
Income Statement | 2019 |
Revenue | $ 49,330 |
Total cost of sales | 18,724 |
GROSS MARGIN | $ 30,606 |
Research & development | 6,332 |
Sales and marketing | 9,242 |
General admin expense | 2,723 |
OPERATING INCOME | $ 12,309 |
Interest income | 1,508 |
Interest expense | -778 |
Income before income tax | $ 13,039 |
Income taxes | 2,607.8 |
NET INCOME | 10,431.20 |
If the depreciation expense during 2019 is $550 Million, calculate the Change in Cash from Operating Activities for this firm during 2019 based on above information. Also explain what this Change in Cash from Operating Activities for this firm during 2019 mean to investors?
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