Answered

IDNLearn.com: Your reliable source for finding expert answers. Get the information you need from our community of experts, who provide detailed and trustworthy answers.

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 $1,390 Cash paid for repayment of debt 122 Cash received from issuance of common stock 144 Cash received from issuance of long-term debt 500 Cash received from customers 9,823 Cash paid for property and equipment 1,529 Cash paid for dividends 14 Cash paid for repurchase of common stock 1,001 Cash paid for goods and services 6,978 (a) 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.) SOUTHWEST AIRLINES Statement of Cash Flows (in millions)

Sagot :

Tundexiidn

The Net (Increase/Decrease) in Cash is $823.

  • Statement of cash-flow is financial statement that shows the amount of cash & its cash equivalents into and out of the company.

                                Southwest Airlines

                           Statement of Cash Flows

                 For the year ended 31 December 2022

Cash Flow From Operating Activities

Cash receipt from customers                         $9823  

Cash paid for goods and services                 ($6978)

Net cash flow from operating activities                            $2845

Cash Flow From Investing Activities

Cash paid for property and equipment         ($1529)

Net cash flow from investing activities                             ($1529)

Cash Flow From Financing Activities

Cash receipt from issuance of common stock  $144

Cash receipt from issuance of long term debt  $500

Cash paid for repurchase of common stock     ($1001)

Cash paid for repayment of debt                       ($122)

Cash paid for dividend                                        ($14)  

Net cash flow from financing activities                              ($493)

Net Increase / Decrease In Cash                                          $823

Cash at the beginning of the period                                    $1390

Cash at the end of the period                                               $,2213

Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Your search for solutions ends here at IDNLearn.com. Thank you for visiting, and come back soon for more helpful information.