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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
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 | $1,340 | |
Cash paid for repayment of debt | 118 | |
Cash received from issuance of common stock | 120 | |
Cash received from issuance of long-term debt | 520 | |
Cash received from customers | 9,740 | |
Cash paid for property and equipment | 1,480 | |
Cash paid for dividends | 10 | |
Cash paid for repurchase of common stock | 1,030 | |
Cash paid for goods and services | 6,990 |
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