Statement of Cash Flow

Presented below are the financial statements for the Amphlett Corporation, as of year-end 2012 and 2013. AMPHLETT CORPORATION Consolidated Balance Sheets As of Year-End ($ thousands) 2013 2012

	Amphlett Corporation
	Consolidated Balance Sheets
	As of Year-End ($ thousands)		2013	2012
	Assets
	Current
		Cash	15,000	90,000
		Marketable Securities	200,000	-
		Accounts Receivable (net)	590,000	440,000
		Inventory	600,000	615,000
	Total current assets		1,405,000	1,145,000
	Noncurrent
		Long-term investments	310,000	390,000
		Property & equipment	1,800,000	1,100,000
		Less: Accumulated depreciation	(500,000)	(500,000)
		Property & equipment (net)	1,300,000	600,000
		Intangibles (net)	95,000	105,000
	Total noncurrent assets		1,705,000	1,095,000
	Total assets		3,110,000	2,240,000
	Liabilities & Shareholders' Equity
		Accounts payable	900,000	850,000
		Short-term bank debt	190,000	-
	Total liabilities		1,090,000	850,000
	Shareholders' equity
		Common stock, $10 par value	775,000	675,000
		Additional paid-in-capital	380,000	300,000
		Retained earnings	865,000	415,000
	Total shareholders' equity		2,020,000	1,390,000
	Total liabilities and shareholders' equity		3,110,000	2,240,000

	Amphlett Corporation
	Consolidated Income Statement
	For Year Ended ($ thousands)	2013	2012
	Revenues	1,430,000	1,200,000
	Less: Cost of Goods Sold	500,000	420,000
	Gross Margin	930,000	780,000
	Less: Selling, general & administrative expenses	150,000	120,000
	Operating income	780,000	660,000
	Gain on sale of investments	70,000	-
	Net income before taxes	850,000	660,000
	Less: Income taxes	50,000	11,000
	Net income	800,000	649,000

The footnotes to the Amphlett Corporations financial statements revealed the following additional information: Property and equipment costing $450 million was sold for its book value of $200 million.

Long-term investments were sold for $150 million, which included a gain of $70 million.

Required:

Using the above financial data for the Amphlett Corporation, prepare the firms statement of cash flow for 2013 using the indirect method.