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  • Suppose The Following Data Are Derived From The 2017 Financial PDF

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    Muhammad Shahid
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    Southwest Airlines' 2017 financial statements show the following cash flows: - Cash from operations was $9,823 million, which was used to pay $6,978 million for goods/services and $1,529 million for property/equipment. - Cash increased by $144 million from stock issuance and $500 million from debt issuance, but decreased by $122 million for debt repayment and $1,001 million for stock repurchases. - Cash dividends of $14 million were paid, leaving $1,390 million cash on hand at year-end.

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    Southwest Airlines' 2017 financial statements show the following cash flows: - Cash from operations was $9,823 million, which was used to pay $6,978 million for goods/services and $1,529 million for property/equipment. - Cash increased by $144 million from stock issuance and $500 million from debt issuance, but decreased by $122 million for debt repayment and $1,001 million for stock repurchases. - Cash dividends of $14 million were paid, leaving $1,390 million cash on hand at year-end.

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    109 views1 page

    Suppose The Following Data Are Derived From The 2017 Financial PDF

    Uploaded by

    Muhammad Shahid
    Southwest Airlines' 2017 financial statements show the following cash flows: - Cash from operations was $9,823 million, which was used to pay $6,978 million for goods/services and $1,529 million for property/equipment. - Cash increased by $144 million from stock issuance and $500 million from debt issuance, but decreased by $122 million for debt repayment and $1,001 million for stock repurchases. - Cash dividends of $14 million were paid, leaving $1,390 million cash on hand at year-end.

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    © All Rights Reserved
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    Suppose the following data are derived from the 2017

    financial #6289
    Suppose the following data are derived from the 2017 financial statements of Southwest
    Airlines. (All dollars are in millions.) Southwest has a December 31 year-end.Cash balance,
    January 1, 2017 .......................... $1,390Cash paid for repayment of debt ...........................
    122Cash received from issuance of common stock .......... 144Cash received from issuance of
    long-term debt .......... 500Cash received from customers ............................. 9,823Cash paid for
    property and equipment ................... 1,529Cash paid for dividends ........................................
    14Cash paid for repurchase of common stock ............. 1,001Cash paid for goods and services
    ......................... 6,978Instructions(a) After analyzing the data, prepare a statement of cash flows
    for Southwest Airlines for the year ended December 31, 2017.(b) Discuss whether the
    company's net cash provided by operating activities was sufficient to finance its investing
    activities. If it was not, how did the company finance its investing activities?View Solution:
    Suppose the following data are derived from the 2017 financial

    ANSWER
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