1. Where do you think the company is in its lifecycle (i.e. startup, growth, maturity, or decline)?
2. How likely do you think the company is to go bankrupt in the next year?
3. Which evidence was most important in your judgment?

11/28/2020 Document Consolidated Statements of Cash Flows 2017 2016 2015 (383) $ (2.221) $ (1,128) (1.395) 836 217 (71) 332 375 422 427 274 142 (1.648) (312) 479 (247) (334) (743) (311) willions CASH FLOWS FROM OPERATING ACTIVITIES Net loss Adjustments to reconcile net loss to net cash used in operating activities: Deferred tax valuation allowance Tax benefit resulting from Other Comprehensive Income allocation Depreciation and amortization Impairment charges Gain on sales of assets Pension and postretirement plan contributions Pension plan settlements Mark-to-market adjustments of financial instruments Amortization of deferred gain on sale-leaseback Amortization of debt issuance costs and accretion of debt discount Other Change in operating assets and liabilities (net of acquisitions and dispositions): Deferred income taxes Merchandise inventories Merchandise payables Income and other taxes Other operating assets Other operating liabilities Net cash used in operating activities 17 15 66 (78) (88) (52) 124 81 60 (36) 778 1.144 (472) (108) (987) 1,213 (526) (519) (229) (47) (95) 80 51 (52) 54 118 (136) (477) (1.842) (1.381) (2.167) 1,109 386 2,730 572 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from sales of property and investments Proceeds from Sale of division Proceeds from sales of receivables Purchases of property and equipment Net cash provided by investing activities 293 (80) (142) (211) 1.894 244 2,519 1,020 2,028 (1.356) (1.405) 271 (66) (797) 71 583 106 508 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from debt issuances Repayments of debt Increase (decrease) in short-term borrowings, primarily 90 days or less Proceeds from sale-leaseback financing Debt issuance costs Net cash provided by (used in) financing activities NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH CASH, CASH EQUIVALENTS, AND RESTRICTED CASH BEGINNING OF YEAR CASH, CASH EQUIVALENTS, AND RESTRICTED CASH END OF YEAR (43) (51) (50) (2) 1,185 (364) LINE 50 (12) 48 238 286 LE 250 336 286 238 - 25$ 6 SUPPLEMENTAL INFORMATION: Capital lease obligation incurred Supplemental Cash Flow Data: Income taxes paid, net of refunds Cash interest paid Unpaid liability to acquire equipment and software S 45 37 S 412 23 S 275 252 10 18 27