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The Statement of Cash Flows

  1. The Statement of Cash Flows
     
    describe the following terms as they relate to the statement of cash flows: cash, operating activities, investing activities, and financing activities. What can creditors, investors, and other users glean from an analysis of the statement of cash flows? 

 

  1. 2. Analyzing the Statement of Cash Flows

 
Using the table below, explain the difference between net income and cash flow from operating activities for Techno in 2009 and analyze their cash flows for 2008 and 2009.  

 

 

(in thousands)

2009

2008

Net income

$ 316,354

$  242,329

Noncash charges (credits) to income

 

 

Depreciation and amortization

     68,156

      62,591

Deferred taxes

     15,394

      22,814

 

$ 399,904

$  327,734

Cash Provided (Used) by Operating Assets and Liabilities:

 

 

Receivables

  (288,174)

     (49,704)

Inventories

  (159,419)

   (145,554)

Other current assets  

      (1,470)

        3,832

Accounts payable, accrued liabilities

      73,684

      41,079

Total Cash Provided by Operations

   $ 24,525

$  177,387

Investment activities

 

 

Additions to plant and equipment

   (94,1760)

     (93,136)

Other investment activities

      14,408

     (34,771)

Net investment activities

  ($ 79,768)

($ 127,907)

Financing activities

 

 

Purchases of treasury stock

     (45,854)

     (39,267)

Dividends paid

     (49,290)

     (22,523)

Net changes in short-term borrowing

    125,248

      45,067

Additions to long-term borrowings

    135,249

        4,610

Repayments of long-term borrowings

 

   (250,564)

Net financing activities

$  165,353

($ 262,677)

Increase (decrease) in cash

$  110,110

($ 213,197)

Beginning cash balance

      78,114

    291,311

Ending cash balance

$  188,224

$    78,114

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