Question: Refer to Google’s statement of cash
Refer to Google’s statement of cash flows in Appendix A. What are its cash flows from financing activities for the year ended December 31, 2013? List the items and amounts.
Google’s Statement of Cash Flow from Appendix A:
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Google Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Year Ended December 31 2011 2012 2013 Operating activities Net income $ 9,737 $ 10,737 $ 12,920 Adjustments: Depreciation and amortization of property and equipment 1,396 1,988 2,781 amortization of intangible and other assets 455 974 1,158 Stock-based compensation expense 1,974 2,692 3343 Excess tax benefits from stock-based award activities (86) (188) (481) Deferred income taxes 343 (266) (437) Impairment of equity investments 110 Gain on divestiture of businesses (188) (700) Other 6 (28) 106 Changes in assets and liabilities, net of effects of acquisitions: Accounts receivable (1,156) (787) (1,307) Income taxes, net 731 1,492 401 Inventories (30) 301 (234) Prepaid revenue share, expenses and other assets (232) (833) (696) Accounts payable 101 (499) 605 Accrued expenses and other liabilities 795 762 713 Accrued revenue share 259 299 254 Deferred revenue 162 163 233 18,659 Net cash provided by operating activities 14,565 16,619 Investing activities Purchases of property and equipment (3,438) (3,273) (7,358) Purchases of marketable securities (61,672) (33,4 10) (45,444) Maturities and sales of marketable securities 48,746 35,180 38,314 (428) Investments in non-marketable equity investments Cash collateral related to securities lending (696) (569) (354) (334) (299) Investments in reerse repurchase agreements 45 600 Proceeds from divestiture of businesses 2,525 Acquisitions, net of cash acquired, and purchases of intangibles and other assets (1,900) (10,568) (1,448) Net cash used in investing activities (19,04 1) (13,056) (13,679) Financing activities Net payments related to stock-based award activities (5) (287) (781) Excess tax benefits from stock-based award activities 86 188 481 Proceeds from issuance of debt, net of costs 10.905 16,109 10,768 Repayments of debt (10,179) (14,781) (11,325) Net cash provided by (used in) financing activities 807 1,229 (857) Effect of exchange rate changes on cash and cash equivalents 22 (3) Net increase (decrease) in cash and cash equivalents (3,647) 4,795 4,120 Cash and cash equivalents at beginning of period 13,630 9,983 14,778 Cash and cash equivalents at end of period $ 9,983 $ 14,778 $ 18,898 Supplemental disclosures of cash flow information Cash paid for taxes $ 1,471 $ 2,034 1,932 Cash paid for interest 40 24 74 %24 72 Non-cash investing and financing activities: Receipt of Arris shares in connection with divestiture of Motorola Home 175 Fair value of stock-based awards assumed in connection with acquisition of Motorola $ 24 41 Property under capital lease 258
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