Examine CooperHall Company’s statement of cash flows that follows.

Suppose CooperHall’s operating activities provided, rather than used, cash. Identify three things if using the indirect method that could cause operating cash flows to be positive.

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A1 CooperHall Company Consolidated Statement of Cash Flows (Adapted, In Millions) Year Ended December 31, 2018 2 Cash flows from operating activities: 3 Net income 875 Adjustment to reconcile net income to net cash used in operating activities: Depreciation and amortization Change in assets and liabilities, net of acquired businesses: Increase in Accounts receivable Increase in Other current assets Decrease in Accounts payable Decrease in Accrued expenses and other liabilities Increase in Unearned revenue Decrease in Income taxes payable Increase in Other, net Net cash used in operating activities 4 222 (470) (160) (167) (238) 25 10 11 12 13 14 (266) 26 $ (153) 15 16 Cash flows from investing activities: 17 Purchase of property and equipment 18 Purchase of investments 19 Sale of investments 20 Acquisitions of other companies 21 $ (1,593) (21,282) 19,286 (363) $ (3,952) Net cash used in investing activities 22 Cash flows from financing activities: Proceeds from the issuance of common stock, net 23 835 378 Other financing activities, net 24 Net cash provided by financing activities $ 1,213 18 $ (2,874) 4,155 $ 1,281 25 Impact of foreign currency translation 26 27 Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year 28 Cash and cash equivalents at end of year 30 29 Lolco