Suppose the following data are derived from the 2022 financial statements of Southwest Airlines. (All dollars are in millions.) Southwest has a December 31 year-end. Cash balance, January 1, 2022 $1,310 Cash paid for repayment of debt 129 Cash received from issuance of common stock 140 Cash received from issuance of long-term debt 480 Cash received from customers 9,630 Cash paid for property and equipment 1,450 Cash paid for dividends 15 Cash paid for repurchase of common stock 1,040 Cash paid for goods and services 6,570 After analyzing the data, prepare a statement of cash flows for Southwest Airlines for the year ended December 31, 2022. (Show amounts that decrease cash flow either with a negative sign preceding the number e.g. -15,000 or in parentheses e.g. (15,000). Enter amounts in millions, e.g. 45,000,000 would be entered as 45.)
Suppose the following data are derived from the 2022 financial statements of Southwest Airlines. (All dollars are in millions.) Southwest has a December 31 year-end. Cash balance, January 1, 2022 $1,310 Cash paid for repayment of debt 129 Cash received from issuance of common stock 140 Cash received from issuance of long-term debt 480 Cash received from customers 9,630 Cash paid for property and equipment 1,450 Cash paid for dividends 15 Cash paid for repurchase of common stock 1,040 Cash paid for goods and services 6,570 After analyzing the data, prepare a statement of cash flows for Southwest Airlines for the year ended December 31, 2022. (Show amounts that decrease cash flow either with a negative sign preceding the number e.g. -15,000 or in parentheses e.g. (15,000). Enter amounts in millions, e.g. 45,000,000 would be entered as 45.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Suppose the following data are derived from the 2022 financial statements of Southwest Airlines. (All dollars are in millions.) Southwest has a December 31 year-end.
| Cash balance, January 1, 2022 | $1,310 | |
| Cash paid for repayment of debt | 129 | |
| Cash received from issuance of common stock | 140 | |
| Cash received from issuance of long-term debt | 480 | |
| Cash received from customers | 9,630 | |
| Cash paid for property and equipment | 1,450 | |
| Cash paid for dividends | 15 | |
| Cash paid for repurchase of common stock | 1,040 | |
| Cash paid for goods and services | 6,570 |
After analyzing the data, prepare a statement of
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