Question 7. Answer the following questions related to the Statement of Cash Flows:

a. Interpret Alibaba Groups performance and financial activities for the fiscal year ended March 31, 2014 using cash flows from operating, investing, and financing activities from its Consolidated Statements of Cash Flows presented in its IPO Prospectus.

b. Generally speaking, how would a companys IPO directly or indirectly impact its cash flows from operating, investing, and financing activities?

# (in millions, except per share data) Chius Ource | sed cooking and Lateret infrastructure 15,633 SES 29,167 4100 13,34 45,132 4,831 340 14.517 . (3,613 1,748 40 (5,003 09:54 1,218 (44 24.92 1,648 490 36203 26 lecomandien payment Interest and investment is Otherine nicole botone income tax bure of results of quity investors lucome tax capes 1000 (1,45 10 Net inome attributable to com Netcome attributable to Alibaba Group Holding Limited Didende accruedan convertible preference shares Net income altributable to urdinary sharchulder Earnings per share attributable to ordinary sharcholders: Basic Proforma earning per shure attributable to ordinary shareholders (0) Music co Supplemental information: Ad usted pot incoat 13,869 # (in millions, except per share data) Chius Ource | sed cooking and Lateret infrastructure 15,633 SES 29,167 4100 13,34 45,132 4,831 340 14.517 . (3,613 1,748 40 (5,003 09:54 1,218 (44 24.92 1,648 490 36203 26 lecomandien payment Interest and investment is Otherine nicole botone income tax bure of results of quity investors lucome tax capes 1000 (1,45 10 Net inome attributable to com Netcome attributable to Alibaba Group Holding Limited Didende accruedan convertible preference shares Net income altributable to urdinary sharchulder Earnings per share attributable to ordinary sharcholders: Basic Proforma earning per shure attributable to ordinary shareholders (0) Music co Supplemental information: Ad usted pot incoat 13,869