Over recent years, Apple Inc. has had an excessive amount of cash reserves. The following is a recent statement of cash flows from Apple's 2012 Annual Report (Form 10- K).

Questions
Using Apple's Statement of Cash Flows, answer the following questions:
1. Did Apple's day- to- day operations generate or use cash?
2. Which section of the statement contains changes in Apple's long- term assets?
3. Which section of the statement reports on changes in Apple's long- term liabilities and stockholders' equity?
4. Is Apple spending money to expand its business by purchasing additional fixed assets?
5. Did Apple issue stock in the most recent year?
6. Has Apple increased or decreased its dividend payments over the past three years?

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Form 10K For Yoar Ended Soptembar 29, 2012 CONSOLIDATED STATEMENTS OF CASH FLOWS In milions) Years onded 2011 Cash and cash equivdlents, baginning of the yoar Adustmonts to reconcile net incoms to cash genorated by oporating activics 1,168 2,868 Changes in operatieg essets and liabilities Other current ㄺd'en-current sailies Cash genaed by operating activitis Procosss from maturities of markatable securits 49,416 Payments made in connection with business acquisitions net of cash acquired Payments for acquisition of propery plant and squipment 4,260 Proceeds fron isasance of common stock Dividands and dividand oquivalant rights paid Taxes paid related to net share settlement of eqity awards.12261 1520 Incroaso ldociosso) in cssh and cash oquivalents. Cash and csh euolents, end of the yeetuN Supplemental cash fow disclonuro: