Company Following are comparative statements of cash flows, as reported by The Coca Cola Company in its 2014 annual report:

Required:
a. Briefly review the consolidated statements of cash flows, and then provide an overall evaluation of the "big picture" during the three years presented for Coca-Cola. Have operating cash flows been sufficient to meet investing needs and to pay dividends?
b. Were there significant changes to any of the specific line-item details that you think would require further explanation or analysis?

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THE COČA-COLA COMPANY AND SUBSIDIARIES Consolidated Statements of Cash Flows Year Ended December 31 (in millions 2014 2013 2012 Operating Activities (details omitted Net cash provided by aperating activites..10,615 S10,542 $10.645 Investing Activities: 17.800) 14,782 14,824) 7,791 Proceeds fromdisposals of investment Acquisitions of businesses, equity method investments -..12,986 389) 148 12,791 (353) 1,486) Proceeds from disposals of businesses, equity method investments, and nonmarketable securties Purchases of property plant, and equipmerrt Proceeds from disposals of property, plant, and equipment Other investing activities 20 (2,406) 2,550 2,780 143 (268) 17.5 (4.214) (11,404 872 223 (268) 303) Net cash provided by (usedin) investing actvities Financing Activities: Issuances of debt Payments of debt Issuances of stock Purchases of stock for treasury 42,791 (36,962 8,714) 38,573) 1,489 4,162 4,832) (4,559) (5,350 (4,9694,595) 100 41,674 43,425 1,532 1,328 Other financing activities Net cash provided by (usedin) financing activities 3745 3.347 3,631) Effect of Exchange Rate Changes on Cash and Cash Equivalents Gash and Gash Equivalents: Net increase dearease) durngthe year Balance at beginning of the year (611) 255) 1,456 10,414 1,972 8,442 (4, 361 12,803 Balance at end of year S 8,958 10414 S 8,442