However this presents no real cause for concern

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: er, this presents no real cause for concern. Furthermore, the firm only has $35 million in cash and marketable securities at year-end 2010, but that also should not be a problem. The real key to the analysis can be found in Figure 3, the statement of cash flows. Here, we see the firm had $181 million in net cash flows from operating activities. More specifically, net income plus depreciation was equal to $166 million. This was available to cover cash dividends of $65 million and increases in plant and equipment of $50 million. Net income plus depreciation.................................................................................
View Full Document

This note was uploaded on 12/21/2012 for the course FINC 309 taught by Professor Bunker during the Spring '12 term at Westminster UT.

Ask a homework question - tutors are online