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Time Warner Inc. is a leading media and entertainment company with businesses in television networks, filmed entertainment, and publishing. The companys 2011 annual report contained
Time Warner Inc. is a leading media and entertainment company with businesses in television networks, filmed entertainment, and publishing. The companys 2011 annual report contained the following information (dollars in millions): |
Net loss | $ | (12,602 | ) |
Depreciation, amortization, and impairments | 36,090 | ||
Decrease in receivables | 3,045 | ||
Increase in inventories | 6,066 | ||
Decrease in accounts payable | 455 | ||
Additions to equipment | 5,277 | ||
Required: |
1. | Based on this information, compute cash flow from operating activities using the indirect method. (Enter your answers in millions. List cash outflows as negative amounts.)
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