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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