Discuss whether the companys cash from operations was

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Reference no: EM13482935

The following data are derived from the 2009 financial statements of Southwest Airlines. All dollars are in millions. Southwest has a December 31 year-end.

Cash balance, January 1, 2009

$1,390

Cash paid for repayment of debt

122

Cash received from issuance of common stock

144

Cash received from issuance of long-term debt

500

Cash received from customers

9,823

Cash paid for property and equipment

1,529

Cash paid for dividends

14

Cash paid for repurchase of common stock

1,001

Cash paid for goods and services

6,978

Instructions

(a) After analyzing the data, prepare a statement of cash flows for Southwest Airlines for the year ended December 31, 2009.

(b) Discuss whether the company"s cash from operations was sufficient to finance its investing activities. If it was not, how did the company finance its investing activities?

Reference no: EM13482935

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