Gibraltar Industries, Inc., is a manufacturer of steel products for customers such as Home Depot, Lowes, Chrysler,

Gibraltar Industries, Inc., is a manufacturer of steel products for customers such as Home Depot, Lowe’s, Chrysler, Ford, and General Motors. In the year ended December 31, 2010, it reported the following activities:

Required:
1. Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement.
2. Referring to your response to requirement 1, comment on whether you think Gibraltar’s cash flows are typical of a healthy or strugglingcompany.

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Net income Purchase of property, plant, and equipment Payments on notes payable (bank) Net proceeds from stock issuance Depreciation $(91,068) 8,470 58,967 270 26,395 Proceeds from sale of property, plant, and equipment Decrease in accounts receivable Proceeds from notes payable (bank) Payment of dividends Other financing cash outflows $ 313 4,115 8,559