analyzing the statement of cash flows astridis inc reported the following statement 617681
Analyzing the statement of cash flows Astridis, Inc., reported the following statement of cash flows in its 2010 annual report. Amounts are shown in thousands of dollars.
Astridis, Inc.
Statement of Cash Flows
For the Year Ending
|
Cash flows from operating activities |
Dec. 31 2010 |
Dec. 31 2009 |
Dec. 31 2008 |
|
|
|
|
|
|
Net income |
S (623,854) |
$(936,248) |
$(746,837) |
|
Adjustments to net income |
|
|
|
|
Depreciation |
1CO3670 |
105,749 |
98,555 |
|
Provision for doubtful accounts |
9,082 |
7,613 |
4,011 |
|
Other non-cash items |
181,206 |
460,013 |
177,536 |
|
Changes in operating assets and liabilities |
|
|
|
|
Receivables |
(42,600) |
(20,326) |
(45,705) |
|
Inventory |
4,965 |
(20,246) |
(6,329) |
|
Prepaid expenses and other current assets |
23,568 |
(61,698) |
(5,372) |
|
Accounts payable and accrued expenses |
166,169 |
133,519 |
245,052 |
|
Other liabilities |
62,886 |
85,694 |
125,255 |
|
Net cash provided by operating activities |
(117,908) |
(245,930) |
(153,834) |
|
Cash flows from investing activities |
|
|
|
|
Purchases of property and equipment |
(90,708) |
(130,387) |
(51,367) |
|
Proceeds from sale of property and equipment |
641 |
827 |
928 |
|
Purchases of investments |
(4,310) |
(105,279) |
(173,937) |
|
Sales of investments |
40,191 |
255,015 |
48,555 |
|
Net cash used by investing activities |
(54,186) |
20,176 |
(175,821) |
|
Cash flows from financing activities |
|
|
|
|
Proceeds from issuance of long-term debt |
244,079 |
– |
453,661 |
|
Repayment of debt |
(625) |
– |
(57,609) |
|
Other |
4,897 |
25,787 |
75,879 |
|
Net cash provided by financing activities |
248,351 |
25,787 |
471,931 |
|
Change in cash |
76,257 |
(199,967) |
142,276 |
|
Cash, beginning balance |
678,200 |
878,167 |
753,891 |
|
Cash, ending balance |
S 754,457 |
S 678,200 |
S 896,167 |
Required
Analyze Astridis”s statement of cash flows by making at least two observations about each section of the statement.