The data below are taken from the annual reports of four companies.

	Delta Airlines Inc.		Hyatt Hotels Corp.		Amazon.com Inc.		Kroger Co.
Year ending:	31 Dec 2020		31 Dec 2020		31 Dec 2020		28 February 2021
Units:	$ billions		$ billions		$ billions		$ billions
Income Statement
Net Sales	10.7		2.0		389.1		133.3
COGS (excluding Dep.)	21.3		2.1		216.6		101.0
Depreciation	2.3		0.4		16.7		3.4
SG&A Expense	1.8		0.3		129.9		25.1
= EBIT	-14.7		-0.8		25.9		3.8
Interest	0.9		0.1		1.6		0.5
Taxes *	-3.2		-0.1		2.9		0.8
= Net Income	-12.4		-0.8		21.4		2.5
Dividends	0.0		0.0		0.0		0.5
Retained Earnings	-12.4		-0.8		21.4		2.0
As of:	Dec 20	Dec 19	Dec 20	Dec 19	Dec 20	Dec 19	Feb 21	Feb 20
Balance Sheet **
Current Assets	17.4	8.3	2.6	1.7	132.7	96.3	12.5	10.9
Net Fixed Assets	54.6	56.2	6.5	6.7	188.5	128.9	39.1	37.0
Total Assets	72.0	64.5	9.1	8.4	321.2	225.2	51.6	47.9
Current Liabilities	13.5	17.1	0.7	1.1	110.3	73.5	13.8	11.6
Long-Term Debt	55.6	32.1	5.2	3.3	117.3	88.7	27.6	27.1
Com Stock & PIC	1.5	1.5	0.0	0.0	42.9	33.7	5.4	5.2
Treasury Stock***	0.0	0.0	0.0	0.0	1.9	1.9	18.2	17.0
Acc. Retain. Earn	1.4	13.8	3.2	4.0	52.6	31.2	23.0	21.0
Total Liab. & SE	72.0	64.5	9.1	8.4	321.2	225.2	51.6	47.9

* A negative tax, as for Delta and Hyatt, is a tax rebate (credit). Subtracting a negative tax from EBIT is equivalent to adding a (positive) tax rebate to EBIT.

** For each company the balance sheet on the left (right) is the ending (starting) balance sheet.

*** Treasury stock is subtracted from the other liability accounts because it is a contra account, an asset appearing on the liability side of the balance sheet. Treasury stock itself is either zero or positive.

For each company:

• Compute the components of the cash flow diagram (i.e. Arrows 1-5). Show your work.
• Draw the free cash flow diagram and label it with cash flow dollar amounts and arrows pointing in the directions indicated by the dollar amounts.

do not take individual tax laws into concideration. thanks!