# Analyzing Statement of Cash Flows

## Analyzing Statement of Cash Flows

4.8. Research Problem
Choose THREE companies from different industries and locate their statements of cash flows for the most recent year.
a) Create a table to compare the dollars provided or used by operating, investing, and financing activities, as well as the overall increase or decrease in cash.

(In millions of dollars) McDonalds, Corporation Royal Dutch Shell plc Toyota Global
For the year ended Dec. 31, 2011 Dec. 31, 2011 Mar. 31, 2011
Net cash provided (used) by:
Operating activities \$7,150.1 \$36,771 \$24,342
Investing activities (2,570.9) (20,443) (25,452)
Financing activities (4,533.0) (18,131) 5,223
Effects of exchange rates on cash and equivalents (97.5) (349) (1,528)
Net increase (decrease) in cash and cash equivalents (\$51.3) (\$2,152) \$2,585

b) Create a second table for each company comparing this same information for each of the three years presented in that company’s statement of cash flows. Include an additional column that looks at the combined cash flows for all three years.

McDonald’s Corporation
(In millions of dollars)

For the year ended 2011 2010 2009 Increase (Decrease)
Net cash provided (used) by:
Operating activities \$7,150.1 \$6,341.6 \$5,751.0 \$1,399.1
Investing activities (2,570.9) (2,056.0) (1,655.3) (915.6)
Financing activities (4,533.0) (3,728.7) (4,421.0) (112.0)
Effects of exchange rates on cash and equivalents (97.5) 34.1 57.9 (155.4)
Net increase (decrease) in cash and cash equivalents (\$51.3) (\$591.0) (\$267.4) \$216.1

Royal Dutch Shell plc
(In millions of dollars)

For the year ended 2011 2010 2009 Increase (Decrease)
Net cash provided (used) by:
Operating activities \$36,771 \$27,350 \$21,488 \$15,283
Investing activities (20,443) (21,972) (26,234) 5,791
Financing activities (18,131) (1,467) (829) (17,302)
Effects...