(Related to Checkpoint 3.3) (Analyzing the cash flow Statement) Google, Inc. (GOOG), is one of the most successful Internet firms, and it experienced very rapid growth in revenues from 2011 through 2014. The cash flow statements for Google, Inc. spanning the period are found here:. Answer the following questions using the information found in these statements: a. Is Google generating positive cash flow from its operations? b. How much did Google invest in new capital expenditures over the period? c. Describe Google's sources of financing in the financial markets over the period? d. Based solely on the cash flow statements for 2011 through 2014, write brief narrative that describes the major activities of Google's management team over the period. C a. Is Google generating positive cash flow from its operations? (Select the best choice below.) O A. Google has generated positive cash flow from its operations during the years 2011, 2012, and 2014. O B. Google has generated positive cash flow from its operations during the years 2011, 2012, 2013, and 2014. OC. Google has generated positive cash flow from its operations during the years 2012, 2013, and 2014. O D. Google has generated positive cash flow from its operations during the years 2011, 2013, and 2014. (US$ millions) $14,440 Net income Depreciation Amortization 3,483 1,470 Deferred taxes (100) Noncash items 2,734 Changes in working capital 323 Cash from operating activities $22,350 Capital expenditures $(10,903) Other investing cash flow items (10,118) Cash from investing activities $(21,021) $(1,488) Interest and financing cash flow items Total cash dividends paid 0 Issuance (retirement) of stock 2 Issuance (retirement) of debt (18) Cash from financing activities $(1,504) Foreign exchange effects $(492) Net change in cash $(667) in order to copy its contents into a spreadsheet.) (Click on the icon 12/31/2014 12/31/2013 12/31/2012 12/31/2011 $12,920 $10,741 $9,709 2,776 1,986 1,351 1,117 964 432 (478) (228) 328 2,273 2,300 1,952 (38) 942 696 $18,570 $16,705 $14,468 $(7,359) $(3,202) $(3,431) (6,393) (9,804) (15,557) $(13,752) $(13,006) $(18,988) $(264) $(93) $87 0 0 0 0 30 0 (507) 1,392 719 $(771) $1,329 $806 $(4) $2 $30 $4,043 $5,030 $(3,684)