What is the answer for depreciation?
Forecast the Statement of Cash Flows Following are the income statement and balance sheet of Seagate Technology. SEAGATE TECHNOLOGY PLC Consolidated Statement of Income June 2020 June 2019 ($ millions) For Year Ended Forecasted Actual Revenue $ 10,910 $ 10,390 Cost of revenue 7,833 7,458 Product development 1,036 991 Marketing and administrative 480 453 Amortization of intangibles 23 23 Restructuring and other, net 0 (22) Total operating expenses 9,372 8,903 Income from operations 1,538 1,487 Interest income 84 84 Interest expense (224) (224) Other, net 25 25 Other expense, net (115) (115) Income before income taxes 1,423 1,372 (Benefit) provision for income taxes 299 (640) Net income $ 1,124 $ 2,012 SEAGATE TECHNOLOGY PLC Balance Sheet June 2020 June 2019 Forecasted Actual ($ millions) Current assets Cash and cash equivalents Accounts receivable, net $ 2,220 2,935 $ 1,036 989 2,220 989 970 184 2,935 $ 1,036 1,015 196 5,182 1.971 1,237 88 1,167 196 9,841 $ 4,363 1,869 1,237 111 1,114 191 8,885 1,495 175 Current assets $ Cash and cash equivalents Accounts receivable, net Inventories Other current assets Total current assets Property, equipment and leasehold improvements, net Goodwill Other intangible assets, net Deferred income taxes Other assets, net Total assets $ Current liabilities Accounts payable $ Accrued employee compensation Accrued warranty Accrued expenses Total current liabilities Long-term accrued warranty Long-term accrued income taxes Other noncurrent liabilities Long-term debt, less current portion Total liabilities Shareholders' equity Ordinary shares- par value $0.0001, 2.6 billion shares authorized, 1,340,697,595 and and1,354.218,154 shares issued and outstanding, respectively Additional paid-in capital Accumulated other comprehensive loss Accumulated deficit Total shareholders' equity Total liabilities and shareholders' equity $ 98 $1,420 169 91 552 2,232 104 578 2,346 109 4 4 142 4,253 6,854 130 4,253 6,723 0 0 6,644 (34) (3,623) 2.987 9,841 $ 6,545 (34) (4.349) 2,162 8,885 CAPEX (Increase in gross Property and equipment)/Revenue 5.8% Depreciation expense $633 Dividends $398 Refer to the Seagate Technology (STX) financial information above. Prepare a forecast of its F Round all answers to the nearest whole number. Use negative signs with answers, whe SEAGATE TECHNOLOGY PLC Forecasted Statement of Cash Flows ($ millions) June 2020 Net income $ 1,124 Add: Depreciation 668 X Add: Amortization 23 Add: Stock based compensation 99 Change in Accounts receivable, net (47) Change in Inventories (45) Change in Other current assets (12) Change in Deferred income taxes (53) Change in Other assets, net (5) Change in Accounts payable 75 Change in Accrued employee compensation 6 Change in Accrued warranty 7 Change in Accrued expenses 26 Change in Long-term accrued warranty 5 Change in Long-term accrued income taxes 0 Change in Other non-current liabilities 12 Cash from operating activities 1,848 x Capital Expenditures (633) Net cash from investing activities (633) Dividends (398) Net cash from financing activities (398) Net change in cash 715
