Sunbeam Corporation Statement of Cash Flows (amounts in millions) (Problem 3.23) Year 7 Year 6 Year 5 OPERATIONS Net income (loss) Depreciation and amortization Restructuring and asset impairment charges Deferred income taxes $ 109.4 38.6 $ 50.5 $(228.3) 47.4 44.2 283.7 57.8 (77.8) 25.1 Other additions 13.7 46.2 10.8 Other subtractions (84.6) (84.6) (100.8) (27.1) (21.7) (Increase) Decrease in accounts receivable (13.8) (4.5) (Increase) Decrease in inventories (11.6) (4.9) (Increase) Decrease in prepayments Increase (Decrease) in accounts payable Increase (Decrease) in other current liabilities (9.0) 2.7 (8.8) (1.6) 14.7 9.2 52.8 $ (8.3) (21.9) $ 14.2 (18.4) Cash Flow from Operations $ 81.5 INVESTING Fixed assets acquired Sale of businesses $ (58.3) $ (75.3) $(140.1) 91.0 65.3 Acquisitions of businesses Cash Flow from Investing $ 32.7 (9) S (76.2) (33.0) S(107.4) FINANCING Increase (Decrease) in short-term borrowing Increase in long-term debt $ 5.0 $ 30.0 $ 40.0 11.5 Issue of common stock 26.6 9.2 9.8 Decrease in long-term debt Acquisition of common stock Dividends Other financing transactions Cash Flow from Financing Change in Cash Cash-Beginning of year (12.2) (1.8) (5.4) (13.0) (3.4) (3.3) (3.3) (2) 0.5 $ 16.5 $ 40.9 (4) $ 45.2 $ (16.8) $ 27.9 $ 2.0 11.5 28.3 26.3 Cash-End of Year $ 52.4 $ 11.5 $ 28.3
Sunbeam Corporation Statement of Cash Flows (amounts in millions) (Problem 3.23) Year 7 Year 6 Year 5 OPERATIONS Net income (loss) Depreciation and amortization Restructuring and asset impairment charges Deferred income taxes $ 109.4 38.6 $ 50.5 $(228.3) 47.4 44.2 283.7 57.8 (77.8) 25.1 Other additions 13.7 46.2 10.8 Other subtractions (84.6) (84.6) (100.8) (27.1) (21.7) (Increase) Decrease in accounts receivable (13.8) (4.5) (Increase) Decrease in inventories (11.6) (4.9) (Increase) Decrease in prepayments Increase (Decrease) in accounts payable Increase (Decrease) in other current liabilities (9.0) 2.7 (8.8) (1.6) 14.7 9.2 52.8 $ (8.3) (21.9) $ 14.2 (18.4) Cash Flow from Operations $ 81.5 INVESTING Fixed assets acquired Sale of businesses $ (58.3) $ (75.3) $(140.1) 91.0 65.3 Acquisitions of businesses Cash Flow from Investing $ 32.7 (9) S (76.2) (33.0) S(107.4) FINANCING Increase (Decrease) in short-term borrowing Increase in long-term debt $ 5.0 $ 30.0 $ 40.0 11.5 Issue of common stock 26.6 9.2 9.8 Decrease in long-term debt Acquisition of common stock Dividends Other financing transactions Cash Flow from Financing Change in Cash Cash-Beginning of year (12.2) (1.8) (5.4) (13.0) (3.4) (3.3) (3.3) (2) 0.5 $ 16.5 $ 40.9 (4) $ 45.2 $ (16.8) $ 27.9 $ 2.0 11.5 28.3 26.3 Cash-End of Year $ 52.4 $ 11.5 $ 28.3
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Using information in the statement of
The answer is in the book and I need a different answer. Please explain without copying from another source! It would be nice if you use your words. Thanks!
Transcribed Image Text:Sunbeam Corporation Statement of Cash Flows (amounts in millions) (Problem
3.23)
Year 7
Year 6
Year 5
OPERATIONS
$ 109.4
$ 50.5
44.2
Net income (loss)
$(228.3)
Depreciation and amortization
38.6
47.4
Restructuring and asset impairment charges
283.7
Deferred income taxes
57.8
(77.8)
25.1
Other additions
13.7
46.2
10.8
Other subtractions
(84.6)
(27.1)
(21.7)
(Increase) Decrease in accounts receivable
(84.6)
(13.8)
(4.5)
(Increase) Decrease in inventories
(100.8)
(9.0)
(11.6)
(4.9)
(Increase) Decrease in prepayments
Increase (Decrease) in accounts payable
Increase (Decrease) in other current liabilities
2.7
(8.8)
(1.6)
14.7
9.2
52.8
$ (8.3)
(21.9)
$ 14.2
(18.4)
$ 81.5
Cash Flow from Operations
INVESTING
$ (58.3)
$ (75.3)
Fixed assets acquired
Sale of businesses
Acquisitions of businesses
Cash Flow from Investing
$(140.1)
91.0
65.3
$ 32.7
(,9)
$ (76.2)
(33.0)
S(107.4)
FINANCING
$ 5.0
$ 30.0
Increase (Decrease) in short-term borrowing
Increase in long-term debt
Issue of common stock
$ 40.0
11.5
-
26.6
9.2
9.8
Decrease in long-term debt
Acquisition of common stock
Dividends
(12.2)
(1.8)
(5.4)
(13.0)
(3.4)
(3.3)
(3.3)
Other financing transactions
Cash Flow from Financing
Change in Cash
Cash-Beginning of year
0.5
$ 16.5
$ 40.9
11.5
$ 52.4
(4)
$ 45.2
$ (16.8)
(,2)
$ 27.9
$ 2.0
26.3
$ 28.3
28.3
Cash-End of Year
$ 11.5
Source: Sunbeam Corporation, Form 10-K for the Fiscal Year Ended 1997.
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