February 2007
Intermediate to advanced
288 pages
6h 32m
English
book
Crash Course in Accounting and Financial Statement Analysis, Second Edition
by Matan Feldman, Arkady Libman
Content preview from Crash Course in Accounting and Financial Statement Analysis, Second Edition
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Overview
Review Exhibit 7.2 and identify the first section of Wal-Mart’s cash flow statement— cash from operations. This section represents how much cash a company generated (or lost) during the course of operations during the specified period.
| Consolidated Statements of Income | ||||||
| WAL-MART | ||||||
| (Amounts in millions) | ||||||
| Fiscal Year Ended January 31, | 2006 | 2005 | 2004 | |||
| Cash flows from operating activities | ||||||
| Income from continuing operations | $ 11,231 | $ 10,267 | $ 8,861 | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
| Depreciation and amortization | 4,717 | 4,264 | 3,852 | |||
| Deferred income taxes | (129) | 263 | 177 | |||
| Other operating activities | 620 | 378 | 173 | |||
| Changes in certain assets and liabilities, net of effects of acquisitions: | ||||||
| Decrease (increase) in accounts receivable | (456) | (304) | 373 | |||
| Increase in inventories | (1,733) | (2,494) | (1,973) | |||
| Increase in accounts payable | 2,390 | 1,694 | 2,587 | |||
| Increase in accrued liabilities | 993 | 976 | 1,896 | |||
| Net cash provided by operating activities of continuing operations | 17,633 | 15,044 | 15,946 | |||
| Net cash provided by operating activities of discontinued operation | — | — | 50 | |||
| Net cash provided by operating activities | 17,633 | 15,044 | 15.996 | |||
| Cash flows from investing activities | ||||||
| Payments for property and equipment | (14,563) | (12,893) | (10,308) | |||
| Investment in international operations, net of cash acquired | (601) | (315) | (38) | |||
| Proceeds fromnhe disposal of fixed assets | 1,049 | 953 | 481 | |||
| Proceeds from the sale of McLane | — | — | 1,500 | |||
| Other investing activities | (68) | (96) | 78 | |||
| Net cash used in investing activities ... | ||||||
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