Question: Nabors, Inc. 2008 Income Statment ($ in millions) Net sales $9,610 Less: Cost of goods sold $6,310 Less: Depreciation $1,370 Earnings before interest and taxes
Nabors, Inc.
2008 Income Statment ($ in millions)
| Net sales | $9,610 |
| Less: Cost of goods sold | $6,310 |
| Less: Depreciation | $1,370 |
| Earnings before interest and taxes | $1,930 |
| Less: Interest paid | $ 630 |
| Taxable Income | $1,300 |
| Less: Taxes | $ 455 |
| Net income | $ 845 |
Nabors, Inc.
2007 & 2008 Balance Sheets ($ in millions)
| 2007 | 2008 | |
| Cash | $ 310 | $ 405 |
| Accounts rec. | $ 2,640 | $ 3,055 |
| Inventory | $ 3,275 | $ 3,850 |
| Total | $ 6,225 | $ 7,310 |
| Net fixed assets | $10,960 | $10,670 |
| Total assets | $17,185 | $17,980 |
| 2007 | 2008 | |
| Accounts payable | $ 2,720 | $ 2,570 |
| Notes payable | $ 100 | $ 0 |
| Total | $ 2,820 | $ 2,570 |
| Long-term debt | $ 7,875 | $ 8,100 |
| Common stock | $ 5,000 | $ 5,250 |
| Retained earnings | $ 1,490 | $ 2,060 |
| Total liab. & equity | $17,185 | $17,980 |
Question: What is the cash flow of the firm for 2008?
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