Question: Required information E 1 2 - 1 5 ( Algo ) Analyzing Cash Flows from Operating Activities; Interpreting the Quality of Income Ratio LO 1

Required information
E12-15(Algo) Analyzing Cash Flows from Operating Activities; Interpreting the Quality of Income Ratio LO12-2,12-3
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A recent annual report for BubbliCo contained the following information for the period (dollars in millions):
Net income $ 5,143
Depreciation and amortization 1,556
Increase in accounts receivable 557
Increase in inventory 362
Increase in prepaid expense 88
Increase in accounts payable 727
Decrease in taxes payable 195
Increase in other current liabilities 740
Cash dividends paid 2,547
Share repurchases 4,730
E12-15 Part 1
Required:
1. Compute cash flows from operating activities for BubbliCo using the indirect method.
Note: List cash outflows as negative amounts. Enter your answers in millions.

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