Question: E12-9 Reporting and Interpreting Cash Flows from Operating Activities from an Analyst's Perspective (Indirect Method) LO12-2 Free Skies Inc. is a leading media and entertainment

E12-9 Reporting and Interpreting Cash Flows from Operating Activities from an

E12-9 Reporting and Interpreting Cash Flows from Operating Activities from an Analyst's Perspective (Indirect Method) LO12-2 Free Skies Inc. is a leading media and entertainment company with businesses in television networks, filmed entertainment, and publishing. The company's recent annual report contained the following information (dollars in millions): Net loss Depreciation, amortization, and impairments (12,702) 36,190 2,745 6,066 595 5,977 Increase in inventories Decrease in accounts payable Additions to equipment Required: 1. Based on this information, compute cash flow from operating activites using the indirect method. (Enter your answers in millions. List loss amounts and cash outflows as negative amounts.) Free Skies Inc Statement of Cash Flows (Partial) Cash flows from operating activities

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