Research and then discuss what information the statement of cash flow shares that provides greater insight into the sustainability of a companys operations? What types of cash flow activities indicate positive results and successful cash management? What types of cash flow activities might indicate trouble or inability to successfully manage or produce necessary cash?

Reviewing the statement of cash flows from 2017 for Amazon and Target, what types of cash flow conclusions can you draw based on the information provided? MUST BE FROM THEIR ANNUAL REPORT FROM 2017

Target

et Operating Cash Flow

5.84B

5.44B

6.94B

5.97B

7.12B

Investing Activities

	2016	2017	2018	2019	2020	5-year trend
Capital Expenditures	(1.44B)	(1.55B)	(2.53B)	(3.52B)	(3.03B)
Capital Expenditures (Fixed Assets)	(1.44B)	(1.55B)	(2.53B)	(3.52B)	(3.03B)
Capital Expenditures (Other Assets)	-	-	-	-	-
Net Assets from Acquisitions	-	-	(518M)	-	-
Sale of Fixed Assets & Businesses	1.9B	46M	31M	85M	63M
Purchase/Sale of Investments	24M	28M	(55M)	15M	20M
Purchase of Investments	-	-	(55M)	-	-
Sale/Maturity of Investments	24M	28M	-	15M	20M
Other Uses	-	-	-	-	-
Other Sources	19M	-	-	-	-
Net Investing Cash Flow	508M	(1.47B)	(3.08B)	(3.42B)	(2.94B)

Financing Activities

	2016	2017	2018	2019	2020	5-year trend
Cash Dividends Paid - Total	(1.36B)	(1.35B)	(1.34B)	(1.34B)	(1.33B)
Common Dividends	(1.36B)	(1.35B)	(1.34B)	(1.34B)	(1.33B)
Preferred Dividends	-	-	-	-	-
Change in Capital Stock	(3.44B)	(3.49B)	(938M)	(2.03B)	(1.49B)
Repurchase of Common & Preferred Stk.	(3.44B)	(3.71B)	(1.05B)	(2.12B)	(1.57B)
Sale of Common & Preferred Stock	-	221M	108M	96M	73M
Proceeds from Stock Options	-	-	-	-	-
Other Proceeds from Sale of Stock	-	221M	108M	96M	73M
Issuance/Reduction of Debt, Net	(85M)	(664M)	(1.45B)	(281M)	(330M)
Change in Current Debt	-	-	-	-	-
Change in Long-Term Debt	(85M)	(664M)	(1.45B)	(281M)	(330M)
Issuance of Long-Term Debt	-	1.98B	739M	-	1.74B
Reduction in Long-Term Debt	(85M)	(2.64B)	(2.19B)	(281M)	(2.07B)
Other Funds	369M	-	-	-	-
Other Uses	-	-	-	-	-
Other Sources	369M	-	-	-	-
Net Financing Cash Flow	(4.52B)	(5.5B)	(3.73B)	(3.64B)	(3.15B)
Exchange Rate Effect	-	-	-	-	-
Miscellaneous Funds	-	-	-	-	-
Net Change in Cash	1.84B	(1.53B)	131M	(1.09B)	1.02B
Free Cash Flow	4.41B	3.89B	4.4B	2.46B	4.09B

Amazon

Net Operating Cash Flow

11.92B

16.44B

18.37B

30.72B

38.51B

Investing Activities

	2015	2016	2017	2018	2019	5-year trend
Capital Expenditures	(4.59B)	(6.74B)	(11.96B)	(13.43B)	(16.86B)
Capital Expenditures (Fixed Assets)	(4.59B)	(6.74B)	(11.96B)	(13.43B)	(16.86B)
Capital Expenditures (Other Assets)	-	-	-	-	-
Net Assets from Acquisitions	(795M)	(116M)	(13.97B)	(2.19B)	(2.46B)
Sale of Fixed Assets & Businesses	-	-	1.9B	2.1B	4.17B
Purchase/Sale of Investments	(1.07B)	(3.02B)	(3.05B)	1.14B	(9.13B)
Purchase of Investments	(4.09B)	(7.76B)	(12.73B)	(7.1B)	(31.81B)
Sale/Maturity of Investments	3.03B	4.73B	9.68B	8.24B	22.68B
Other Uses	-	-	-	-	-
Other Sources	-	-	-	-	-
Net Investing Cash Flow	(6.45B)	(9.88B)	(27.08B)	(12.37B)	(24.28B)

Financing Activities

	2015	2016	2017	2018	2019	5-year trend
Cash Dividends Paid - Total	-	-	-	-	-
Common Dividends	-	-	-	-	-
Preferred Dividends	-	-	-	-	-
Change in Capital Stock	-	-	-	-	-
Repurchase of Common & Preferred Stk.	-	-	-	-	-
Sale of Common & Preferred Stock	-	-	-	-	-
Proceeds from Stock Options	-	-	-	-	-
Other Proceeds from Sale of Stock	-	-	-	-	-
Issuance/Reduction of Debt, Net	(3.88B)	(3.74B)	9.93B	(7.69B)	(10.07B)
Change in Current Debt	-	-	-	-	-
Change in Long-Term Debt	(3.88B)	(3.74B)	9.93B	(7.69B)	(10.07B)
Issuance of Long-Term Debt	353M	621M	16.23B	768M	2.27B
Reduction in Long-Term Debt	(4.24B)	(4.36B)	(6.3B)	(8.45B)	(12.34B)
Other Funds	119M	829M	-	-	-
Other Uses	-	-	-	-	-
Other Sources	119M	829M	-	-	-
Net Financing Cash Flow	(3.76B)	(2.91B)	9.93B	(7.69B)	(10.07B)
Exchange Rate Effect	(374M)	(212M)	713M	(351M)	70M
Miscellaneous Funds	-	-	-	-	-
Net Change in Cash	1.33B	3.44B	1.92B	10.32B	4.24B
Free Cash Flow	7.33B	9.71B	6.41B	17.3B	21.65B