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Using the above financing cash flow statement from Costco Corporation, answer the following question: Did financing activities provide or require cash for each of the
Using the above financing cash flow statement from Costco Corporation, answer the following question:
Did financing activities provide or require cash for each of the years presented? What are the stock repurchased (if any) and stock issued trends for each of the years presented? What is the largest item in the financing section for the most recent year? Explain whether this largest item was a cash inflow or a cash outflow to the corporation.
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Financing Activities 2014 2015 2016 2017 2018 Cash Dividends Paid Total (584M) (2.87B) (746M) (3.9B) (689M) Common Dividends (584M) (2.87B) (746M) (3.9B) (689M) Preferred Dividends Change in Capital Stock (481M) (486M) (469M) (296M) (334M) 38M (328M) Repurchase of Common & Preferred Stk. (481M) (486M) (469M) (328M) Sale of Common & Preferred Stock Proceeds from Stock Options 38M 82M (35M) 117M 117M Other Proceeds from Sale of Stock Issuance/Reduction of Debt, Net 1.13B 1.588 (86M) Change in Current Debt 1.58B 3.78B (2.2B) (427M) (465M) 38M (3.22B) Change in Long-Term Debt 1.13B (86M) Issuance of Long-Term Debt 1.13B 185M (1.29B) (84M) (239M) 155M (2.42B) Reduction in Long-Term Debt 12M (168M) 180M (786M) (86M) (178M) (258M) 80M (1.28B) Other Funds (103M) (223M) 120M (2.32B) Other Uses Other Sources +Net Financing Cash FlowStep by Step Solution
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