4) Depreciation and amortization expenses are often combined because they are similar. Many income statements embed depreciation and amortization in "other expense/ selling general & administrative" amounts. To learn the amounts of these expenses, it often becomes necessary to examine the statement of cash flows. Where does your company report depreciation and amortization on its income statement (is the number for depreciation within a larger total for many expenses)? What were these expenses for the current year? Depreciation and amortization is found in the URBN statement of cash flows as a total of $117,986 in 2019. URBAN OUTFITTERS, INC. Consolidated Statements of Cash Flows (in thousands) Fiscal Year Ended January 31, 2019 2018 2017 Cash flows from operating activities: Net income 298,003 108,263 218,120 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization (Benefit) provision for deferred income taxes Share-based compensation expense Impairment Loss on disposition of property and equipment, net Changes in assets and liabilities: 128,408 8,329 14,517 11,410 117,986 135,330 (11,414) 18,104 3,544 3,492 (4,801) 18,291 4,341 3,667 4,037 (21,744) (8,644) 12,967 45,516 Receivables Inventory Prepaid expenses and other assets Payables, accrued expenses and other liabilities Net cash provided by operating activities (4,012) (21,696) 8,605 20,934 (9,963) (10,359) 39,692 415,252 34,012 446,624 303,059 Cash flows from investing activities: (114,924) (396,646) 267,072 (143,714) (318,742) 243,159 (15,325) (234,622) Cash paid for property and equipment Cash paid for marketable securities (83,813) (281,385) 243,818 Sales and maturities of marketable securities Acquisition of business Net cash used in investing activities (244,498) (121,380) Cash flows from financing activities: (150,000) 4,096 (45,787) (2,052) (193,743) (4,023) (17,136) 265,276 248,140 Repayments of long-tem debt Proceeds from the exercise of share-based awards 13,618 (121,397) (10,245) (118,024) Share repurchases related to share repurchase program Share repurchases related to taxes for share-based awards (157,044) (2,182) (159,226) Net cash used in financing activities Effect of exchange rate changes on cash and cash equivalents Increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period (8,062) 11,627 76,040 282,220 34,080 248,140 358,260 282,220 Supplemental cash flow information: Cash paid during the year for: Income taxes $ 102,211 83,986 111,958 Non-cash investing activities-Accrued capital expenditures 7,193 10,144 17,020