millions of US Dollars NEW DATA PROVIDED --> CASH FLOW STATEMENT (# in millions)

INCOME STATEMENT 2020 2019 2018 OPERATING ACTIVITY 2020 2019 2018
Sales/Turnover (Net) 4,113 3,543 3,509 Income Before Extraordinary119
Items 68 63
Cost of Goods Sold 3,012 2,605 2,574 Depreciation+Amortization 90 85 84
Gross Profit (Loss) 1,100 938 935 Adjustments to Net Income 9 4 8
Selling, General and Administrative Expenses847 768 767 Inventory – Decrease (Increase)
11 1 -1
Operating Inc Before Depreciation 253 170 168 Other Changes in Operation Activities
49 14 -5
Depreciation&Amortization – Total 90 85 84 OPERATING ACTIVITIES - NET278CASH FLOW
172 148
Operating Income EBIT 163 85 84
Interest - Net 1 4 -2 INVESTING ACTIVITY 2020 2019 2018
Pret-Tax Income & Other 164 89 82 Capital Expenditures 131 101 96
Income Taxes Expense (Credit) 45 21 19 Other Cash Flow from Investing
-44Activites
-8 5
Income Before Extraordinary Items 119 68 63 INVESTING ACTIVITIES – NET-175
CASH FLOW
-109 -91
NET INCOME (LOSS) 119 68 63
FINANCING ACTIVITY 2020 2019 2018
Current Assets 2020 2019 2018 Cash Dividends 33 33 33
Cash and Short-Term Investments – Total 271 149 107 FINANCING ACTIVITIES - NET -33
CASH FLOW
-33 -68
Receivables – Total 57 56 57
Inventories – Total 269 280 281
Current Assets – Other – Total 29 23 24 12pts ea.Calculate Free Cash Flow for 2 Yrs
Current Assets Total 626 508 469 USE 25% INC.TAX RATE 2020 2019
Non-Current Assets EBIT
1,124
Property Plant and Equipment – Total (Net) 1,097 888 EBIT x (1 - .25 tax rate)
Intangible Assets – Total 70 70 75
Non–Current Assets Total 1,194 1,167 963
ASSETS TOTAL 1,820 1,676 1,432

Current Liabilities 2020 2019 2018

Debt in Current Liabilities 39 39 0
Account Payable/Creditors – Trade 222 181 191
Current Liabilities – Other 85 72 76 Free Cash Flow
Current Liabilities Total 346 292 267
Long-Term Debt Total 169 180 0
Deferred Taxes and Investment Tax Credit 103 97 91
Liabilities (Other) 56 48 51
Long-Term Liabilities Total 328 325 142
Liabilities Total 674 617 409
Shareholders' Equity Total 1,146 1,059 1,023
LIABILITIES & SHAREHOLDER EQUITY TOTAL 1,820 1,676 1,432