Question

Use the Consoldated Statement or Cash Flows to answer the tollowing questions: 1a) Which year showed the highest net cash provided from operations? 1b) Was it also the year of the highest net income? 1c) What were the three largest positive adjustments to net income and why were they made? 2a) What year were the most investments made? 2b) What year were assets disposed ot? 3a) What year had the largest use of cash for financing? 3b) What were the two largest uses of cash for fnancing that year and why were they made? 4a) Explain the two types of non cash investing reported and why was it considered non cash? 4b) What tems are listed as supplemental disclosures? Are they required by GAAP? 12 Months Ended Now. 25, 2018 Nav. 26, 2017 Nav. 27, 2016 Consolidated Statements of Cash Flows -USD IS)$ in Thousands Cash Flows from Operating Activities: 285,244284,556291,209 Adjustrments to reconcile net income to net cash provided by operating a Depreciation and amortization Unrealized foreign exchange (ains) losses Realized loss (gain) an settlement of farward foreign exchange contracts not designated for 120,205 (30,804) 19,974 24,731 Employee benefit plans' amortization from accumulated other comprehenstve loss and ettlement lasses 30,125 14,991 Loss on extinguishment of debt, net of write-off of unamortized debt issuanae Stock-based compensation Deferred income taxes Other, net Change in operating assets and Trade recelvables 5,809 9,333 134,258 6,150 121,379) (60,474) Other cufrent assets Other non-current assets Accounts payable and other accrued liabilities Restructuring liabilities Income tax liabilities Accrued salaries, wages and employee benefits and long-term employee related benefits Other long-term labiltties Net cash provided by operating activities Cash rlows from Investing Activities: Purchases of property, plant and equipment Proceeds fram sale af assets 1,928 35,714 478 3,139) 161,039 6 103 7,653 06,550 427 Proceeds (payments) on settlement of forward foreign exchange contracts not designated for hedge accounting Net cash used for investing activties Cash Flows from Financing Activities: Proceeds from issuance of long-tem debt Repayments of long-term debt and capital leases Proceeds fram seniar revaing credit faclity Repayments of senior revohing credit f Proceeds from short-term credit faclities Repayments of short-term credit facilities Other short term borrowings, net Payment of debt estinguishmentc Debt Issuance costs Repurchase of common stock Dividend to Other financing, net Net cash (used for) provided by financing activities Effect af echange rate changes on cash and cash Net increase (decrease) in cash and cash Beginning Ending cash and cash equivalents Noncash Investing Activity Property, plant and equipment acquired and not yet paid at end of period Property, plant and equipment additions due to build-to-suit lease transactions Supplemental disclosure of cash flow information: 279 31,929 35,333 29,154 (28,230(29,764)(18,21 4,9776,231) 475 (10,356) (25,102) (56,039) 2,563) 148,224) (151,73 173,549) (13,262) 8,242 56,992 318,571 375,503 g cash and cash equvalents 633,622 713,120 375,563 22,664 for interest during the 67.052 96.277 $54.602. S57.148

Answer 1

56 1a) Year 2017 showd the highest net cash provided from operatons.lts amount was $525941 58 1b 59 60 61 1c 62 63 64 65 No, this year was not thehighet net inome Year.Instead this year has the lowest income amongst the three years. The three largest positive adjutments to net income were Depreciation and amortization Increase in accounts payable and other accrued liabilities,stock based compensation. Depreciation and amotization, and stock based compensation are non cash items and these items have been deducted hile computing net income. Therefore while calulating Cash fromOperating Activities these items have to be added back. Increase in acounts payable and other accrued liabilities have increased cash by not paying them,therefore has been added 67 68 2a) 69 70 2b 71 72 За) 73 74 3b 75 76 77 4a) 78 In Year 2018 most of the investments were made In year 2016ssts were disposed off The largest use of cash for financing was in 2017 Repayment of long term debt and capital leases and secondly ,dividend paid to shareholdr's were the two largest uses of cash for finaning that year Property, Plant and equipment acquired and not yet paid at the end of the period and secondly ,Property, Plant and Equipment additions due to build to suit lease transactions.

Cash Paid for interest during the period and inome taxes are listed as supplementary dislosures. Yes, they re required by GAAP 81 82