Use the information provided to answer the questions regarding Nabors, Inc.
1) | STATEMENT OF CASH FLOWS | ||
Cash flows from operating activities: | |||
Net income | 845 | ||
Adjustments to reconcile net income with net cash from operating activities: | |||
Depreciation | 1370 | ||
Increase in accounts receivable | -415 | ||
Increase in inventory | -575 | ||
Decrease in accounts payable | -150 | 230 | |
Net cash provided by operating activities | 1075 | ||
Cash flows from investing activities: | |||
Purchase of equipment (10670-10960+1370) | -1080 | ||
Net cash used by operating activities | -1080 | ||
Cash flows from financing activities: | |||
Increase in long term debt (8100-7875) | 225 | ||
Redemption of notes payable | -100 | ||
Dividends paid (2060-1490-845) | -275 | ||
Common stock issued | 250 | ||
Net cash used by financing activitie | 100 | ||
Net increase in cash and cash equivalents | 95 | ||
Cash & cash equivalents at the beginning of year | 310 | ||
Cash & cash equivalents at the end of year | 405 | ||
2)a) | CASH FLOW FROM ASSETS (Using the formulae given) | ||
Operating cash flow = 1930+1370-455= | 2845 | ||
Net capital spending = 10670-10960+1370 = | 1080 | ||
Changes in NWC = (7310-2570)-(6225-2720) = | 1235 | ||
CASH FLOW FROM ASSETS (2845-1080-1235) = | 530 | ||
2)b) | CASH FLOW TO CREDITORS = 630-125 = | 505 | |
2)c) | CASH FLOW TO STOCKHOLDERS = 275-250 = | 25 |
Use the information provided to answer the questions regarding Nabors, Inc. Quiz 2 part 1 (10...
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