Question 1:

 Operating Activities:
Net Income represents (99803/122151) * 100% = 81.7% of Cash Flow from Operating Activities.

Total Depreciation and Amortization – Cash Flow represents (11104/122151) * 100% = 9.1% of Cash
Flow from Operating Activities.

Other Non-Cash Items represents (10044/122151) * 100% = 8.2% of Cash Flow from Operating
Activities.

Total Non-Cash Items represents (21148/122151) * 100% = 17.3% of Cash Flow from Operating
Activities.

Change in Accounts Receivable represents (-1823/122151) * 100% = -1.5% of Cash Flow from
Operating Activities.

Change in Inventories represents (1484/122151) * 100% = 1.2% of Cash Flow from Operating
Activities.

Change in Account Payable represents (9448/122151) * 100% = 7.7% of Cash Flow from Operating
Activities.

Change in Assets/Liabilities represents (-7909/122151) * 100% = -6.5% of Cash Flow from Operating
Activities.

Total Change in Assets/Liabilities represents (1200/122151) * 100% = 1.0% of Cash Flow from
Operating Activities.

 Investing Activities:
Net Change in Property, Plant, And Equipment = $ (10708)

Percentage = (Net Change in Property, Plant, And Equipment / Cash Flow from Investing Activities) x
100

Percentage = (10708 / 22354) x 100

Percentage = 47.92%

Net Change in Intangible Assets = -

Percentage = 0%

Net Acquisitions/Divestitures = $ (306)

Percentage = (Net Acquisitions/Divestitures / Cash Flow from Investing Activities) x 100

Percentage = (306 / 22354) x 100

Percentage = 1.37%

Net Change in Short-term Investments = $ (9560)

Percentage = (Net Change in Short-term Investments / Cash Flow from Investing Activities) x 100
Percentage = (9560 / 22354) x 100

Percentage = 42.81%

Net Change in Long-term Investments = -

Percentage = 0%

Net Change in Investment – Total = $ (9560)

Percentage = (Net Change in Investment – Total / Cash Flow from Investing Activities) x 100

Percentage = (9560 / 22354) x 100

Percentage = 42.81%

Investing Activities – Other = $ (1780)

Percentage = (Investing Activities – Other / Cash Flow from Investing Activities) x 100

Percentage = (1780 / 22354) x 100

Percentage = 7.96%

Therefore, the percentage that each account represents from the subtotal of the whole category
Cash Flow from Investing Activities are:

Net Change in Property, Plant, And Equipment = 47.92%

Net Change in Intangible Assets = 0%

Net Acquisitions/Divestitures = 1.37%

Net Change in Short-term Investments = 42.81%

Net Change in Long-term Investments = 42.81%

Investing Activities – Other = 7.96%

 Financial Activities:
Net Long-term Debt percentage = (4078 / 110749) x 100% ≈ -3.68%

Net Current Debt percentage = (3955 / 110749) x 100% ≈ 3.57%

Debt Issuance/Retirement Net – Total percentage = (123 / 110749) x 100% ≈ -0.11%

Net Common Equity Issued/Repurchased percentage = (89402 / 110749) x 100% ≈ -80.74%

Net Total Equity Issued/Repurchased percentage = (89402 / 110749) x 100% ≈ -80.74%

Total Common and Preferred Stock Dividends Paid percentage = (14841 / 110749) x 100% ≈ -13.41%

Financial Activities – Other percentage = (6383 / 110749) x 100% ≈ -5.77%

Note that the percentages for the debt and equity accounts are negative because these accounts
represent a reduction in cash flow, while the percentages for the dividends and financial activities
accounts are also negative because these accounts represent cash outflows.
Question 2&3:

Percentage of Cash Flow from Operating Activities:

Cash Flow from Operating Activities / Net Income
= 122151 / 99803
= 1.224

Percentage of Cash Flow from Investing Activities:

Cash Flow from Investing Activities / Net Income
= -22354 / 99803
= -0.224

Percentage of Cash Flow from Financing Activities:

Cash Flow from Financing Activities / Net Income
= -110749 / 99803
= -1.109

To get the average percentage of all three categories, we add up the three percentages and
divide by three:
Average Percentage = (1.224 - 0.224 - 1.109) / 3= -0.036
Therefore, the average percentage of all three categories and our benchmark is -0.036 or -
3.6%.

Question 4&5:
To compare the percentage that each account from each category represents to our
benchmark (-3.6%), we would need to calculate the percentage difference between the
benchmark and each category's percentage. A positive percentage difference indicates that
the account's percentage is higher than the benchmark, while a negative percentage
difference indicates that the account's percentage is lower than the benchmark. Here are
the calculations:
Cash Flow from Operating Activities:
Percentage difference = (1.224 - (-3.6%)) / abs(-3.6%)
= 134.44%
Result: >

Cash Flow from Investing Activities:

Percentage difference = (-0.224 - (-3.6%)) / abs(-3.6%)
= 93.78%
Result: >

Cash Flow from Financing Activities:

Percentage difference = (-1.109 - (-3.6%)) / abs(-3.6%)
= 69.17%
Result: >
Based on these calculations, all three categories have percentages that are higher than the
benchmark of -3.6%. This indicates that the company has a strong cash flow position relative
to the benchmark, particularly in its operating and investing activities.