Question

Through your analysis of the company's financial statements you have determined that during 2017 DRJ Enterprises issued new short-term debt of $335 million and repaid $903 million of long-term debt. It also issued new common stock of $712 million and paid cash dividends of $196 million. What was the company's total cash flow from financing activities (in $ millions)? If a net cash outflow, be certain to place a negative sign in front of your answer. At the end of the year DRI Enterprises reported total intangible assets of $830 million. At the end of the Prioryear, it reported total intangible assets of $918 million. During the year they amortized $297 million of intangible assets. During the year, how much (in $ millions) cash did they use to acquire new intangible assets or how cash did they receive from selling intangible assets? Be certain to include a negative sign in front of your answer if they acquired new intangible assets during the year.

Answer 1

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Calculation of Cash from financing Activities - Amount in & millions Issue of Short term Loan Linflow 335 repayment of long term debt Coutflow ] (903) issue of Common Stock [inflow 712 Payment of Cash dividend Coutflow] (196) Cash flow from financing Activities 3-52 million / Statement Showing movement of Outongibles Amount in & millions Opening balance of intangible Assets 918 (t) Acqlisition of new intangible Assets (balancing figude) 209 (-) Amortisation of intangibles (297) _ Closing balance of intangibles 830 Cash flow in dcquisition of Intongibles $-209 million