(a) Input check figures from Consolidated Statements of Cash Flows into the temp
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Question
(a) Input check figures from Consolidated Statements of Cash Flows into the template. Be sure to input the amount for interest paid at the bottom of the page (no amount is needed for income taxes paid).
- numbers should add up to the numbers already in the template.
- Need numbers from Consolidated Statements of Cash Flows plugged into template so they match the numbers provided in the template.
(b) Analyze teh statement of cash flows for Hydrogenics. Be sure to analyze teh cash flows from operating activities, as well as teh overall cash inflows and cash outflows for the firm.
Note 25. Consolidated Statements of Cash Flows
Components of the net change in non-cash working capital are as follows:
Changes in assests and liabilities:
Consolidated Statements of Cash Flows 2013 2012 Cash and cash eqivalents provided by (used in ): Operating activities Net loss for the year (8,908) (12,797) (Increase) decrease in restricted cash 1,758 (1,607) Items not affecting cash: Loss on disposal of assest 3 7 Amortization and depreciation 712 870 Other finace losses, net (note 17) 2,065 438 Unrealized foreign exchange (gains) losses (120) (257) Stock-based compensation (note 13) 631 577 Portion of borrowings recorded as a reduction from research and product development expenses or fixed assests (note 11) (934) (981) Accreted non-cash interest (note 11) 349 288 Payment of post-retirement benefit liability (note 11) (97) (100) Liabilities for compensation indexed to share price 4,223 768 Net change in non-cash working capital (note 25) (8,879) 11,631 Cash used in operating activities (9,197) (1,163) Investing activities Proceeds from disposal of property, plant and equipment - 26 Purchase of property, plant and equipment (939) (424) Purchase of intangible assests (32) (2) Cash used in investing activities (971) (400) Financing activities Payment of repayable government contributions (note 11) (393) (308) Proceeds of borrowings, net of transaction costs (note 11) 1,782 1,621 Proceeds of operating borrowings 1,412 1,182 Repayment of operating borrowings (1,412) (1,182) Common shares issued and warrants exercised, net of issuance costs (note 12) 7,280 5,178 Cash provided by financing activities 8,669 6,491 Effect of exchange rate fluctuations on cash and cash equivalents held 302 307 Increase (decrease) in cash and cash equivalents during the year (1,197) 5,235 Cash and cash equivalents - Beginning of year 13,020 7,785 Cash and cash equivalents - End of year 11,823 13,020 Supplemental disclosure Income taxes paid Interest paid 8 3Explanation / Answer
SOLUTION: CASH FLOW STATEMENTS
TEMPLATE 2013 2012
Cash Flow from operating Activities
Income(Loss) from continuing operations -8908 -12797
Adjustments to reconcile to net cash provided by operating activities
Depreciation and amortization 712 870
Stock-Based compensation 631 577
Restructuring and impairment charges -934 -981
Increase (decrease) in provision for deferred income taxes 0 0
(Gain) loss on sales of investments, acquisitions, and securities 0 0
(Gain) loss on sales of property, plant, and equipment 3 7
Other non-cash items, net 3955 -1238
Changes in assests and liabilities:
(Increase) decrease in receivables 384 -1632
(Increase) decrease in inventories -973 -2678
(Increase) decrease in other current assets -47 -181
Increase (decrease) in accounts payable, accrued liabilities, and income taxes payable -1614 984
Increase (decrease) in deferred liabilities -6629 15138
Other assests and liabilities, net 4223 768
Net Cash provided by (used in) operating activities -9197 -1163
Cash flows from investing activities:
Purchases of property, plant, and equipment -939 -424
Sales of property, plant and equipment 0 26
Purchases of marketable securities and short-term investments 0 0
Acquisitions, net of cash acquired 0 0
Other investing activities, net -32 -2
Net cash provided by (used in) investing activities -971 -400
Cash flows from financing activities
Short-term borrowings, net 1782 1621
Proceeds from long-term borrowings 1412 1182
Payment of long-term borrowings -1412 -1182
Proceeds from sales of common stock
Repurchase of common stock / treasury stock 7280 5178
Dividends to shareholders
Other financing activities, net -393 -308
Net cash provided by (used in) financing activities 8669 6491
Net cash provided by (used for) discontinued operations
Effect of exchange rate changes on cash, net 302 307
Net increase (decrease) in cash and equivalents for period -1197 5235
Cash and equivalents, beginning of period 13020 7785
Cash and equivalents, end of period 11823 13020
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest 8 3
Income taxes (refunded)
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