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See the balance sheet below Reported in form 10-K for Kraft Heinz Corp. as of and for the year ended December 25, 2021. Use it
See the balance sheet below Reported in form 10-K for Kraft Heinz Corp. as of and for the year ended December 25, 2021. Use it for the following questions.
1 What was the net cash provided by or used by financing activities for each of the two most recent fiscal year ends (12/25/21 and 12/26/20)? Make sure to state whether the amounts are in thousands or millions and whether they are net inflows or outflows.
2 What is the main reason the net financing cash flow changed so much during the past year?
The Kraft Heinz Company Consolidated Balance Sheets (in millions, except per share data) ASSETS Cash and cash equivalents Trade receivables (net of allowances of $48 at December 25, 2021 and $48 at December 26, 2020) Inventories Prepaid expenses Other current assets Assets held for sale Total current assets Property, plant and equipment, net Goodwill Intangible assets, net Other non-current assets TOTAL ASSETS LIABILITIES AND EQUITY Commercial paper and other short-term debt Current portion of long-term debt Trade payables Accrued marketing Interest payable Income taxes payable Other current liabilities Liabilities held for sale Total current liabilities Long-term debt Deferred income taxes Accrued postemployment costs Long-term deferred income Other non-current liabilities TOTAL LIABILITIES Commitments and Contingencies (Note 16) Redeemable noncontrolling interest Equity: Common stock, 50,01 par value (5,000 shares authorized; 1,235 shares issued and 1,224 shares outstanding at December 25, 2021; 1,228 shares issued and 1,223 shares outstanding at December 26, 2020) Additional paid-in capital Retained earnings/(deficit) Accumulated other comprehensive income/(losses) Treasury stock, at cost (11 shares at December 25, 2021 and 5 shares at December 26, 2020) Total shareholders' equity Noncontrolling interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY See accompanying notes the consolidated financial statements. December 25, 2021 December 26, 2020 S 3,445 $ 3,417 1,957 2,063 2,729 2,773 136 132 716 574 11 1,863 8,994 10,822 6,806 6,876 31,296 33,089 43,542 46,667 2,756 2,376 93,394 99,830 230 4,304 S S 14 $ 740 4,753 804 268 541 1,944 9,064 21,061 10,536 205 1,534 1,542 43,942 12 53,379 (1,682) (1,824) (587) 49,298 150 49,448 93,394 946 358 114 2,086 17 8,061 28,070 11,462 243 6 1,745 49,587 12 55,096 (2,694) (1,967) (344) 50,103 140 50,243 99,830
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