Statement of Cash Flows for LovedThisClass, Inc. amounts in millions December 31, 2021 CASH FLOWS FROM OPERATING ACTIVITIES: Net earnings $ 5,001 Depreciation and Amortization 1,319 Stock-based Compensation Expense 125 Increase in Merchandise Inventories (1,115) Increase in Accounts Payable and Accrued Liabilities 917 Increase in Deferred Revenue 263 Increase in Income Taxes Payable 2 Increase in Deferred Income Taxes 319 Increase in Other Long-term Liabilities 119 Other (46) Net Cash Provided by Operating Activities: 6,904 CASH FLOWS FROM INVESTING ACTIVITIES: Capital Expenditures (3,948) Payments for Businesses Acquired, net (727) Proceeds from Sales of Property and Equipment 96 Purchases of Investments (25,890) Proceeds from Sales and Maturities of Investments 25,990 Net Cash Used in Investing Activities: (4,479) CASH FLOW FROM FINANCING ACTIVITIES: Proceeds from Long-Term Borrowings, net of discount 295 Repayments of Long-Term Debt (510) Repurchase of Common Stock (3,106) Proceeds from Sale of Common Stock, net 285 Cash Dividends Paid to Shareholders (719) Net Cash Used in Financing Activities: (3,055) Change in Cash (630)