Lind Industries is one of the largest manufacturers of small motors in the United States. The cash flows provided by investing activities section of the company’s statement of cash flows for the years 2018—2020 follow (in $000).

Required

a. How have cash flows provided by investing activities changed over the three-year period?

b. If any of these changes continue in the coming years, what concerns would you have about Lind Industries’ future?

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2020 2019 2018 Sale of discontinued operations, net of cash divested Sale of investment in unconsolidated joint venture Change in restricted cash Investments in unconsolidated joint ventures Sales (purchases) of property and equipment, net Other, net $739,764 - $ 57,767 $(115,404) (59,625) (85,188) (179,184) (17,638) 7,073 685 772 Net cash provided (used) by investing activities-continuing operations Net cash provided (used) by investing activities- discontinued operations (167,956) $655,261 $(138,283) (12,112) (4,477) Net cash provided (used) by investing activities $(167,956) $643,149 $(142,760)