What were heinzs cumulative earnings over four quarters

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Reference no: EM131200681

See the cash flow statement below for H. J. Heinz (HNZ) (all values in thousands of dollars)

a. What were Heinz's cumulative earnings over these four quarters? What were its cumulative cash flows from operating activities?

Period Ending

29-Oct-08

30-Jul-08

30-Apr-08

30-Jan-08

Net income

276,710

228,964

194,062

218,532

Operating Activities, Cash Flows Provided By or Used In

Depreciation

69,997

75,733

74,570

73,173

Adjustments to net income

14,359

(13,142)

48,826

(47,993)

Changes In accounts receivables

(38,869)

(53,218)

100,732

(84,711)

Changes in liabilities

82,816

(111,577)

201,725

39,949

Changes in inventories

(195,186)

(114,121)

85,028

57,681

Changes in other operating activities

17,675

(26,574)

12,692

(2,097)

Total Cash Flow From Operating Activities

227,502

(13,935)

717,635

254,534

Investing Activities, Cash Flows Provided By or Used In

Capital expenditures

(82,584)

(41,634)

(100,109)

(69,170)

Investments

(5,465)

5,465

(93,153)

(48,330)

Other cashflows from investing activities

(108,903)

732

(58,069)

20,652

Total Cash Flows From Investing Activities

(196,952)

(35,437)

(251,331)

(96,848)

Financing Activities, Cash Flows Provided By or Used In

Dividends paid

(131,483)

(131,333)

(119,452)

(121,404)

Sale purchase of stock

78,774

1,210

(76,807)

(79,288)

Net borrowings

515,709

114,766

(283,696)

64,885

Other cash flows from financing activities

(282)

2,000

(46,234)

39,763

Total Cash Flows From Financing Activities

462,718

(13,357)

(526,189)

(96,044)

Effect of exchange rate changes

(119,960)

(610)

32,807

6,890

Change In Cash and Cash Equivalents

$373,308

(63,339)

(27,078)

$68,532

b. What fraction of the cash from operating activities was used for investment over the four quarters?

c. What fraction of the cash from operating activities was used for financing activities over the four quarters?

Reference no: EM131200681

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