d. Based solely on the cash flow statements for through W native that describes the major activities of Goggle's management team over the last four years. 3-15. (Analyzing the cash flow statement) The cash flow statements for retailing giant Big Box, Inc. spanning the period 2010-2013 are as follows: 12 Months Ending 12/31/2013 12/31/2012 12/3 1/2011 12/3 1/2010 In Millions of U.S. Dollars 13,000 12,000 11,000 10,000 Net income 4,000 Depreciation expense 6,500 6.300 5,000 1,000 Changes in working capital 1,200 2.300 2,400 Cash from operating activities 20.700 S 20,600 s 18,400 15,000 Capital expenditures (16,000) (14,500) (14,000) (12,300) Cash from investing activities $U600) suaDO) Interest and financing cash flow items (350) (250) (350) 100 Total cash dividends paid (3,600) (2,800) (2,500) (2,200) Issuance (retirement) of stock (8,000) (4,500) Issuance (retirement) of debt 4,100 1,500 (100) Cash from financing activities s00450 4.650 S (2.450 SO2.500 Net change in cash s (5,750) s 1,450 s 1,950 s 200