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Time Warner Inc. is a leading media and entertainment company with businesses in television networks ilmed entertainment, and publishing. The company's 2011 annual report contained
Time Warner Inc. is a leading media and entertainment company with businesses in television networks ilmed entertainment, and publishing. The company's 2011 annual report contained the following information (dollars in millions): Net loss Depreciation, amortization, and impairments Decrease in receivables Increase in inventories Decrease in accounts payable Additions to equipment $ (12,402) 36,490 ,845 6,266 535 4,777 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.) TIME WARNER INC COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities Cash flows from operating activities
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