Question

Using the Annual Report of your selected company answer the following questions in the Discussion: COMPANY...

Using the Annual Report of your selected company answer the following questions in the Discussion: COMPANY - LOCKHEED MARTIN

What method does the company use to report net cash flows from operating activities? How can you tell?

What does this evaluation tell you about the company?

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Answer #1

Lockheed martin company use the INDIRECT method for computing cash flows from operating activities.

it is because when i saw in annual report of lockheed martin company, cash flow statement has be made using indirect method. By starting with earning and adding back all non cash expenses as well as adjusting working capital changes.

In direct method we used to calculate cash flow directly from sales and all cash expense get deducted.

Lockheed martin company having positive operating cash flow of 6476 million for year 2017. and last year (2016) company was having operating cash flow of 5189 million.there is increase in operating cash flow in this year as compare to 2016 is (6476-5189)=1287 million

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