The following statement of cash flows is adapted from Shanteza, Inc.€™s 2013 annual report. Amounts are shown in millions of dollars.

Required
Analyze Shanteza€™s statement of cash flows by making at least two observations about each section of thestatement.

Transcribed Image Text:

2013 2012 2011 Cash flows from financing activities Payments of long-term debt Purchase of treasury stock Cash dividends paid Other (138) (705) (243) 63 Net cash provided (used) by financing activities(1,023) (326) (1,700) (252) 165 (2,113) (306) 2,030 (1,050) (265) 210 (1,105) Change in cash Cash, beginning balance Cash, ending balance 1,724 $1,715 2,035 $ 1,724 2,030