CASH FLOW—THE DIRECT METHOD
|
ARDEN GROUP, INC., AND CONSOLIDATED SUBSIDIARIES* |
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|
Fifty Three |
Fifty Two |
Fifty Two |
|
|
(In thousands) |
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|
Cash flows from operating activities: |
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|
Cash received from customers |
$479,578 |
$485,819 |
$482,645 |
|
Cash paid to suppliers and employees |
437,970 |
438,044 |
440,735 |
|
Interest and dividends received |
2,513 |
3,186 |
2,580 |
|
Interest paid |
109 |
99 |
125 |
|
Income taxes paid |
15,545 |
20,660 |
17,645 |
|
Net cash provided by operating activities |
28,467 |
30,202 |
26,720 |
|
Cash flows from investing activities: |
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|
Capital expenditures |
5,159 |
3,824 |
4,868 |
|
Purchases of investments |
25,130 |
945 |
827 |
|
Sales of investments |
35,556 |
2 |
2,751 |
|
Proceeds from the sale of property, plant and equipment |
21 |
28 |
215 |
|
Net cash provided by (used) in investing activities |
5,288 |
4,739 |
2,279 |
|
Cash flows from financing activities: |
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|
Purchase and retirement of Company stock |
0 |
0 |
19,999 |
|
Principal payments under capital lease obligations |
0 |
225 |
221 |
|
Cash dividends paid |
82,188 |
3,161 |
3,267 |
|
Net cash used in financing activities |
82,188 |
3,386 |
23,487 |
|
Net increase (decrease) in cash and cash equivalents |
48,433 |
22,077 |
504 |
|
Cash and cash equivalents at beginning of year |
58,919 |
36,842 |
36,338 |
|
Cash and cash equivalents at end of year |
$10,486 |
$58,919 |
$36,842 |
Required
a. Prepare the statement of cash flows, with a total column for the three year period. (Do not include reconciliation).
b. Comment on significant cash flow items in the statement prepared in (a).
c. Prepare the statement of cash flows for 2009, with inflows separated from outflows. Present the data in dollars and percentages. Do not include reconciliation of net income to net cash provided by operating activities.
d. Comment on significant cash flow items on the statement prepared in (c).