What were operating cash flows of Toyota for years data is available? b. Suppose that during those years Toyota also increased its net working capital and capital spending. Together with your answer to part (a), how would all that be possible? In other words, how did Toyota finance its investments and/or operating losses (if there were any)? Explain

2017-12 2016-12 3,845 2,228 1,617 7,932 4,160 3,772 2018-12 11,270 5,623 5,647 864 2,575 1,201 4,640 -3,023 334 1,201 4,787 1,864 7,852 -4,080 479 1,505 5,233 1,942 8,680 -3,033 648 -16 Toyota Cash FlowFlag INCOME STATEMENT Fiscal year ends in December. USD in millions except per share data. Revenue Cost of revenue Gross profit Operating expenses Research and development Sales, General and administrative Other operating expenses Total operating expenses Operating income Interest Expense Other income (expense) Income before taxes Provision for income taxes Other income Net income from continuing operations Net income from discontinuing ops Other Net income Preferred dividend Net income available to common shareholders Earnings per share Basic Diluted Weighted average shares outstanding Basic Diluted 139 -3,218 28 -4,575 -542 4,993 1,312 283 -42 -4,033 987 -3,246 2,876 10 -370 -4,033 997 -941 1,938 -370 -4,033 0 1 0 1 1,459 1,526 1,459 1,526 1,459 1,526 Depreciation & amortization 347 510 426