Question
The Priceline Group Inc. (PCLN) is a leading provider of online travel reservation services, including brand names Priceline, KAYAK, and OpenTable. Selected cash flow information
The Priceline Group Inc. (PCLN) is a leading provider of online travel reservation services, including brand names Priceline, KAYAK, and OpenTable. Selected cash flow information from the statement of cash flows for three recent years is as follows (in millions): Line Item Description Year 3 Year 2 Year 1 Net cash provided by operating activities $4,865 $5,338 $4,662 Net cash provided by (used for) investing activities 7,050 2,215 (4,202) Net cash used for financing activities (8,220) (7,431) (79) Additions to property, plant, and equipment (368) (442) (288) Repurchase common stock (8,187) (5,971) (1,828) Acquisitions and investments (9) (273) (553) a. Determine the net change in cash for each year. Enter answers in millions. Year 3: fill in the blank 1 of 3$ Year 2: fill in the blank 2 of 3$ Year 1: fill in the blank 3 of 3$ b. Determine the free cash flow for each year. Enter answers in millions. Year 3: fill in the blank 1 of 3$ Year 2: fill in the blank 2 of 3$ Year 1: fill in the blank 3 of 3$
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started