(Answered) The following data are derived from the 2009 financial

Finance

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?

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