Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The statement of cash flows for SRC is reproduced here: Please also show that how you calculated the table above. Thanks SRC, INC. & SUBSIDIARIES
The statement of cash flows for SRC is reproduced here:
Please also show that how you calculated the table above. Thanks
SRC, INC. & SUBSIDIARIES Consolidated Statements of Cash Flows ($ in thousands) FOR PERIOD ENDED Year 9 ($) Year 8 (S) Year 7 (S) Cash flows from operating activities: Net income $ 31,185 $ 64,150 $ 50,952 Adjustments to reconcile net income to net cash flows from operating activities: Pretax non-recurring charge Depreciation and amortization Deferred compensation expense Deferred income taxes Pretax gain on sale of subsidiary Loss on disposal of fixed assets 12.600 18,731 15,127 13,558 653 323 317 (1,158) (7,805) (5,948) 994 586 1,127 325 Changes in assets and liabilities excluding effects of divestitures: Receivables (5,640) (7,019) (104,545) (7,447) (1,366) (675) Inventory Prepaid advertising Other prepaid expenses Accounts payable Reserve for returns Accrued liabilities Accrued profit sharing Income taxes payable Other Net cash flows from (used for) operating activities. 21,468 22,371 (2,844) (2,504) 4,179 1,065 4,758 (145) 14,205 11,616 944 629 4,390 1,454 6,993 8,755 (2,030) (5,899) 1,665 74,260 1,349 (1,047) 8,268 64 394 (26,932) 121,795 Cash flows from (used for) investing activities Cash paid for capital additions Proceeds from sale of subsidiary Net cash flows used for investing activities (46,750) (47,659) 12.350 (18,481) (46,750) (35,309) (18,481) Cash flows from (used for) financing activities Proceeds from short-term debt 6,505 21,242 1,876 Purchases of treasury stock Issuance of treasury stock Net cash flows used for financing activities (35,557) 1,845 (27,207) (45,899) 409 (30,143) 604 (24,248) (27,663) Net increase (decrease) in cash and cash equivalents $ 303 $ (86,489) $ 75,651 Beginning cash and cash equivalents Ending cash and cash equivalents 6,338 $ 6,641 17,176 $ 92,827 92.827 $ 6.338
Step by Step Solution
★★★★★
3.38 Rating (157 Votes )
There are 3 Steps involved in it
Step: 1
Solution A In question a company strated to implement filing orders when order is placed In this strategy produced goods as an when order is placed so ...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