Question 5
Not yet
answered
Below is a part of a company's cash flow statement for the years 2016 to 2018.
Based on the items listed in the cash flow statement, which industry does the
company most likely belong to?
Marked out of
1.00
Cash flows from operating activities
2016
2017
2018
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
S
(514,643) $ (3,445,066) $ (1,255,911)
Depreciation and amortization
29,115
61,288
91,648
Stock-based compensation
31,842
2,639,895
538,211
Deferred income taxes
(7,952)
(17,490)
(383)
Excess inventory reserve and related asset impairment
Lease exit charges
21,997
33,033
Other
889
(6,356)
(903)
Change in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable, net of allowance
(118,434)
(104,357)
(77,506)
Prepaid expenses and other current assets
(20,521)
(39,783)
1,594
Other assets
(5,064)
(4,771)
21,785
Accounts payable
6,486
49,696
(33,532)
Accrued expenses and other current liabilities
(19,728)
100,988
(14,325)
Other liabilities
6,765
9.292
6,365
Net cash used in operating activities
(611,245)
(734,667)
(689,924)
Select one:
a. Retail industry
Ob. Tech industry
C. Service industry
d. Manufacturing industry
