(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 a brief narrative that describes the major activities of Google's management team over the period. .. a. Is Google generating positive cash flow from its operations? (Select the best choice below.) M A. Google has generated positive cash flow from its operations during the years 2011, 2012, 2013, and 2014. O B. Google has generated positive cash flow from its operations during the years 2011, 2013, and 2014. O C. Google has generated positive cash flow from its operations during the years 2011, 2012, and 2014. OD. Google has generated positive cash flow from its operations during the years 2012, 2013, and 2014. b. How much did Google invest in new capital expenditures over the period? The amount that Google invested in new capital expenditures over the period is $ million. (Round to the nearest integer.) (USS millions) 12/31/2014 12/31/2013 Net income $14,489 $12,883 Depreciation 3,519 2,780 Amortization 1,444 1,117 Deferred taxes (119) (482) Noncash items 2,663 2,237 Changes in working capital 351 (37) Cash from operating activities $22,347 $18,498 Capital expenditures S(10,920) $(7,312) Other investing cash flow items (10,094) (6,380) Cash from investing activities $(21,014) S(13,692) Interest and financing cash flow items S(1,429) $(278) Total cash dividends paid 0 Issuance (retirement) of stock 4 0 Issuance (retirement) of debt (540) Cash from financing activities $(1,454) $(818) Foreign exchange effects $(452) $(3) Net change in cash $(573) $3,985 (Click on the icone in order to copy its contents into a spreadsheet.) 12/31/2012 $10,785 1,959 947 (201) 2.263 878 $16,631 $(3,251) (9,831) $(13,082) $(91) 0 40 1,382 $1,331 $4 $4,884 12/31/2011 $9,790 1,439 460 312 2,035 662 $14,698 $(3,410) (15,568) S(18,978) $82 0 0 725 $807 $21 $(3,452) (29)