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Shown below is some information from Apple Inc.'s financial statements at the end of various years. All amounts are shown in U.S. $ millions. 2018
Shown below is some information from Apple Inc.'s financial statements at the end of various years. All amounts are shown in U.S. $ millions. 2018 2010 2005 Cash provided by operating cash flows Cash provided (used) by investing cash flows Cash provided (used) by financing cash flows Capital expenditures paid during the year Dividends paid during the year $77,434 16,066 (87,876) 13,313 13,712 $18,595 (13,854) 1,257 2,759 $2,535 (2,556) 543 281 0 0 (b) Calculate the free cash flow for each year and free cash flow as a percentage of operating cash flow. (Round Percentage of operating cash flow to 1 decimal place, e.g. 15.1.) 2018 2010 2005 Free cash flow $ $ $ As a % of cash from operating cash flows % % % Is the change in free cash flow as a percentage of operating cash flow consistent with your conclusion of what stage of its corporate life cycle Apple was at in each of the years shown above
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