Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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Find the Common Size Analysis and Trend Analysis for three years for the Income Statement,
Compare both Common Size Analysis and Trend Analysis insights to management of how the Excel Corporation is performing.
Transcribed Image Text:Excel Corporation
CASH FLOWS STATEMENTS
(In millions)
Year Ended June 30,
2019
2018
2017
2019
2018
2017
Operating Activities
Net income
$
39,240 $
16,571 $
25,489
Adjustments to reconcile net income to net cash
from operations:
Depreciation, amortization, and other
$
11,682 $
10,261 $
8,778 ?
?
?
Stock-based compensation expense
$
4,652 $
3,940 $
3,266 ?
?
?
Net recognized gains on investments and
$
(792) $
(2,212) $
(2,073)
derivatives
Deferred income taxes
$
(6,463) $
(5,143) $
(829)?
?
?
Changes in operating assets and liabilities:
Accounts receivable
$
(2,812) $
(3,862)
$
(1,216)?
?
?
Inventories
$
597 $
(465) $
50 ?
?
?
Other current assets
$
(1,718) $
(952) $
1,028 ?
?
?
Other long-term assets
$
(1,834) $
(285) $
(917)?
?
?
Accounts payable
Unearned revenue
Income taxes
Other current liabilities
Other long-term liabilities
$
232 $
1,148 $
81 ?
?
?
$
4,462
$
5,922 $
3,820 ?
?
?
$
2,929
$
18,183 $
1,792 ?
?
?
$
1,419
$
798 $
356 ?
?
?
$
591
$
(20) $
(118)?
?
?
$
52,185
$
43,884 $
39,507 ?
?
?
Net cash from operations
Financing Activities
Repayments of short-term debt, maturities of 90
$
$
(7,324) $
(4,963)
days or less, net
?
?
?
Proceeds from issuance of debt
$
$
7,183 $
44,344 ?
?
?
Repayments of debt
$
(4,000) $
(10,060) $
(7,922)?
?
?
Common stock issued
$
1,142 $
1,002 $
772?
?
?
Common stock repurchased
$
(19,543) $
(10,721) $
(11,788)?
?
?
Common stock cash dividends paid
$
(13,811) $
(12,699)
$
(11,845)?
?
?
Other, net
$
(675) $
(971)
$
(190)?
?
?
Net cash from (used in) financing
$
(36,887) $
(33,590) $
8,408 ?
?
?
Investing Activities
Additions to property and equipment
$
(13,925) $
(11,632)
Acquisition of companies, net of cash acquired,
$
(2,388) $
$
(888) $
(8,129)?
?
?
(25,944)
and purchases of intangible and other assets
?
?
?
Purchases of investments
$
(57,697) $
(137,380) $
(176,905)?
?
?
Maturities of investments
$
20,043 $
26,360 $
28,044 ?
?
?
Sales of investments
$
38,194 $
117,577
$
136,350 |?
?
?
Securities lending payable
$
$
(98)
$
(197)?
?
?
Net cash used in investing
$
(15,773) $
(6,061) $
(46,781)?
?
?
Effect of foreign exchange rates on cash and cash
equivalents
$
(115) $
50 $
19
?
?
Net change in cash and cash equivalents
$
(590) $
4,283 $
Cash and cash equivalents, beginning of period
$
11,946
$
7,663 $
1,153 ?
6,510
?
?
Cash and cash equivalents, end of period
$
11,356
$
11,946
$
7,663
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