(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.) 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. O C. Google has generated positive cash flow from its operations during the years 2011, 2013, and 2014. OD. Google has generated positive cash flow from its operations during the years 2012, 2013, and 2014. 12/31/2013 (US$ millions) Net income Depreciation Amortization Deferred taxes Noncash items Changes in working capital Cash from operating activities Capital expenditures Other investing cash flow items Cash from investing activities Interest and financing cash flow items Total cash dividends paid Issuance (retirement) of stock Issuance (retirement) of debt Cash from financing activities Foreign exchange effects Net change in cash 12/31/2014 $14,461 3,473 1,408 (131) 2,698 325 $22,234 $(10,970) (10,127) $(21,097) $(1,432) 0 5 (14) $(1,441) $(425) $(729) $12,885 2,791 1,146 (470) 2,286 (31) $18,607 $(7,391) (6,391) $(13,782) $(309) 0 12/31/2012 $10,714 1,978 919 (236) 2,282 892 $16,549 $(3,243) (9,810) $(13,053) $(97) 0 12/31/2011 $9,754 1,423 465 395 2,041 638 $14,716 $(3,462) (15,597) $(19,059) $72 0 0 50 0 (540) $(849) $(1) $3,975 1,321 $1,274 $2 $4,772 736 $808 $11 $(3,524)