The now defunct Enron Corporation, once headquartered in Houston, Texas, provided products and services for natural gas, electricity, and communications to wholesale and retail customers. Enron’s operations were conducted through a variety of subsidiaries and affiliates that involved transporting gas through pipelines, transmitting electricity, and managing energy commodities. The following data were taken from Enron’s financial statements.
|
In millions |
|
|
Total revenues |
$100,789 |
|
Total costs and expenses |
98,836 |
|
Operating income |
1,953 |
|
Net income |
979 |
|
Total assets |
65,503 |
|
Total liabilities |
54,033 |
|
Total owners’ equity |
11,470 |
|
Net cash flows from operating activities |
4,779 |
|
Net cash flows from investing activities |
(4,264) |
|
Net cash flows from financing activities |
571 |
|
Net increase in cash |
1,086 |