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Suppose the following data are derived from the 2022 financial statements of Southwest Airlines. (All dollars are in millions.) Southwest has a December 31

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Suppose the following data are derived from the 2022 financial statements of Southwest Airlines. (All dollars are in millions.) Southwest has a December 31 year-end Cash balance, January 1, 2022 Cash paid for repayment of debt $1,360 110 Cash received from issuance of common stock 130 Cash received from issuance of long-term debt 4801 Cash received from customers 9,600 Cash paid for property and equipment 1,500 Cash paid for dividends 20 Cash paid for repurchase of common stock) 1.020 Cash paid for goods and services 6.770 SOUTHWEST AIRLINES Statement of Cash Flows December 31, 2022 (in millions) Cash flows from operating activities Cash received from customers Cash paid for goods and services Net cash provided by operating activities v Cash flows from investing activities Cash paid for property and equipment SA Net cash used by investing activities Cash flows from financing activities Cash paid for repayment of debt Cash received from issuance of common stock v Cash received from issuance of long-term debt v Cash paid for dividends 9600 -6770 -1500 -110 130 480 $ 2830 -1500 Net cash provided by operating activities v Cash flows from investing activities Cash paid for property and equipment v -1500 Net cash used by Investing activities Cash flows from financing activities Cash paid for repayment of debt -110 Cash received from issuance of common stock 130 Cash received from issuance of long-term debt 480 Cash paid for dividends -20 Cash paid for repurchase of common stock 1020 Net cash provided by investing activities v Net increase in cash Cash at beginning of period. Cash at end of period 2830 -1500

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