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What is the operating cash flow in 2015? What is the change of working capital in 2015? What is the capital spending in 2015?

What is the operating cash flow in 2015? What is the change of working capital in 2015? What is the capital spending in 2015?

Fundamentals of Financial Management (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
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  1. What is the operating cash flow in 2015?
  2. What is the change of working capital in 2015?
  3. What is the capital spending in 2015?
U.S.. COMPOSITE CORPORATION Income Statement 2015 ($ in millions) Total operating revenues Cost of goods sold Selling, general, and administrative expenses Depreciation Operating income $2,262 1,655 327 90 $ 1 90 Other income 29 Earnings before interest and taxes (EBIT) $ 219 Interest expense 49 Pretax income $ 170 Тахes 84 Current $71 Deferred: 13 Net income %24 86 Addition to retained earnings: 43 Dividends: 43
Transcribed Image Text:U.S.. COMPOSITE CORPORATION Income Statement 2015 ($ in millions) Total operating revenues Cost of goods sold Selling, general, and administrative expenses Depreciation Operating income $2,262 1,655 327 90 $ 1 90 Other income 29 Earnings before interest and taxes (EBIT) $ 219 Interest expense 49 Pretax income $ 170 Тахes 84 Current $71 Deferred: 13 Net income %24 86 Addition to retained earnings: 43 Dividends: 43
Table 2.1 The Balance Sheet of the U.S. Composite Corporation U.S. COMPOSITE CORPORATION Balance Sheet 2015 and 2014 ($ in millions) Liabilities (Debt) and Stockholders' Equity Assets 2015 2014 2015 2014 Current assets: Current liabilities: Cash and equivalents $ 198 $ 157 $ 486 $ 486 $ 455 $ 455 Accounts payable Accounts receivable 294 270 Total current liabilities Inventory Total current assets 269 280 Long-term liabilities: $ 761 $ 707 Deferred taxes $ 1 17 $ 104 Long-term debt Total long-term liabilities Fixed assets: 471 458 $ 588 Property, plant, and equipment Less accumulated depreciation $1,423 $1,274 $ 562 550 460 Stockholders' equity: 873 Net property, plant, and equipment 814 Preferred stock $ 39 $ 39 Common stock ($I par value) 55 32 Intangible assets and others 245 221 Capital surplus Accumulated retained earnings Less treasury stock Total equity 347 327 Total fixed assets $1.118 $1,035 390 347 26 20 $ 805 $ 725 Total liabilities and stockholders' equity $1,879 $1,742 Total assets $1.879 $1,742
Transcribed Image Text:Table 2.1 The Balance Sheet of the U.S. Composite Corporation U.S. COMPOSITE CORPORATION Balance Sheet 2015 and 2014 ($ in millions) Liabilities (Debt) and Stockholders' Equity Assets 2015 2014 2015 2014 Current assets: Current liabilities: Cash and equivalents $ 198 $ 157 $ 486 $ 486 $ 455 $ 455 Accounts payable Accounts receivable 294 270 Total current liabilities Inventory Total current assets 269 280 Long-term liabilities: $ 761 $ 707 Deferred taxes $ 1 17 $ 104 Long-term debt Total long-term liabilities Fixed assets: 471 458 $ 588 Property, plant, and equipment Less accumulated depreciation $1,423 $1,274 $ 562 550 460 Stockholders' equity: 873 Net property, plant, and equipment 814 Preferred stock $ 39 $ 39 Common stock ($I par value) 55 32 Intangible assets and others 245 221 Capital surplus Accumulated retained earnings Less treasury stock Total equity 347 327 Total fixed assets $1.118 $1,035 390 347 26 20 $ 805 $ 725 Total liabilities and stockholders' equity $1,879 $1,742 Total assets $1.879 $1,742
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