The cash flow statements for retailing giant Big-Box, Inc., spanning the period 2013-2016 are as follows:

Answer the following questions using the information found in these statements:
a. Does BigBox generate positive cash flow from its operations?
b. How much did BigBox invest in new capital expenditures over these four years?
c. Describe BigBox's sources of financing in the financial markets over these four years.
d. Based solely on the cash flow statements for 2013 through 2016, write a brief narrative that describes the major activities of BigBox's management team over these four years.

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(US$ millions) Net income 12/31/2016 12/31/2015 12/31/2014 12/31/2013 $ 13,000 12,000 11,000 5,000 2,400 10,000 4.000 1,000 Depreciation expense Changes in working capi Cash flow from operating activities Capital expenditures (16,000)14500 Cash flow from $(16,000 14,500 investing activities Interest and financing cash flow tems Total cash dividends (3,600) paid Issuance (retirement) (8,000) of stock (USS millions) Issuance (retirement) of debt 6,500 1,200 $ 20,700 6,300 2,300 20,600 18,400 15,000 14,000 (14.000 12.300) S(12.300 S (350) (250) (350) 100 (2,800) (2,500) (2,200) (1,500) (3,600) (4,500) 12/31/2016 12/31/2015 12/31/2014 12/31/2013 1.500 100 4,0004,100 Cash flow from (10.450 (4.650 (2.450 (2.500 $ 200 financing activities Net change in cash S (5,1 $ 1,450 $ 1,950