The cash flow statements for retailing giant BigBox, Inc. spanning the period

2013dash2016

are found here:

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. Answer the following questions using the information found in these statements:

a. Did BigBox generate positive cash flow from its operations?

b. How much did BigBox invest in new capital expenditures over the period?

c. Describe BigBox's sources of financing in the financial markets over the period.

d. Based solely on the cash flow statements for 2013 through 2016, write a brief narrative that describes the major activities of BigBox's management team over the period.

(US$_millions) 12/31/2016 12/31/2015 12/31/2014 12/31/2013 Net_Income $13,000 $12,000 $11,000 $10,000 Depreciation_Expense 6,500 6,300 5,000 4,000 Changes_in_Working_Capital 1,200 2,300 2,400 1,000 Cash_from_Operating_Activities $20,700 $20,600 $18,400 $15,000 Capital_Expenditures $(16,000) $(14,500) $(14,000) $(12,300) Cash_from_Investing_Activities $(16,000) $(14,500) $(14,000) $(12,300) Interest_and_Financing_Cash_Flow_Items $(350) $(250) $(350) $100 Total_Cash_Dividends_Paid (3,600) (2,800) (2,500) (2,200) Issuance_(Retirement)_of_Stock (8,000) (1,500) (3,600) (4,500) Issuance_(Retirement)_of_Debt 1,500 (100) 4,000 4,100 Cash_From_Financing_Activities $(10,450) $(4,650) $(2,450) $(2,500) Net_Change_in_Cash $(5,750) $1,450 $1,950 $200