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Required information [The following information applies to the questions displayed below.] A recent annual report for BubbliCo contained the following information for the period
Required information [The following information applies to the questions displayed below.] A recent annual report for BubbliCo contained the following information for the period (dollars in millions): Net income Depreciation and amortization Increase in accounts receivable Increase in inventory $ 5,157 1,558 551 358 Increase in prepaid expense 78 Increase in accounts payable 728 Decrease in taxes payable 196 Increase in other current liabilities 739 Cash dividends paid Share repurchases 2,550 4,730 Required: 1. Compute cash flows from operating activities for BubbliCo using the indirect method. Note: List cash outflows as negative amounts. Enter your answers in millions. BUBBLICO Statement of Cash Flows (Partial) Cash flows from operating activities: Adjustments to reconcile net income to cash flow from operating activities:
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