Chapter 10
TO THE NET
1. a. Item 1 Business
History
space and into cyberspace.
b. Direct Method
flows.
c. All of the noncash transactions involving investing and financing activities are
of cash flow.
This would be a noncash investing and financing activity.
2. a. Indirect Method
b. 1. Net Income
$
11,464,000,000
2. Depreciation
4,398,000,000
3. Share-Based Compensation
917,000,000
4. Net cash provided by operating activities
16,692,000,000
c. Indirect Method
d. 1. Net Income
$
4,369,000,000
2. Depreciation
4,744,000,000
3. Share-Based Compensation
889,000,000
4. Net cash from operations
11,170,000,000
3. a. History
Molson was founded in 1786, and Coors was founded in 1873. Our commitment
to producing the highest quality beers is a key part of our heritage and remains
Chapter 10
Coors was incorporated in June 1993 under the laws of the State of Colorado. In
August 2003, Coors changed its state of incorporation to the State of Delaware.
b. 1. Operating cash flow / current maturities of long-term debt and current notes
payable
December 25, 2010
December 26, 2009
$749,700,000
$858,300,000
$1,100,000
$300,300,000
681.55
2.86
2. Operating cash flow / total debt
December 25, 2010
December 26, 2009
$749,700,000
$858,300,000
$4,855,000,000
$4,928,300,000
15.44%
17.42%
3. Operating cash flow per share
December 25, 2010
December 26, 2009
$749,700,000
$858,300,000
$189,300,000
$185,900,000
$4.00
$4.62
4. Operating cash flow / cash dividends
December 25, 2010
December 26, 2009
$749,700,000
$858,300,000
$204,800,000
$173,300,000
$3.66
$4.95
Operating cash flow / total debt decreased materially.
Chapter 10
4. a. Item 1 Business
b.
Fiscal Year Ended
January 29,
2011
January 30,
2010
January 31,
2009
(In Thousands)
Net sales
$1,980,195
$1,828,523
$2,194,559
Gross margin
1,103,994
994,335
1,054,806
Operating income (loss)
119,790
(23,954)
(371,637)
Net cash provided by
operating activities
164,311
133,703
172,818
c. Net Sales
Gross Margin
A substantial decline in 2010 followed by a material increase in 2011.
Operating Income (Loss)
Net Cash Provided by Operating Activities
A material decline in 2010 followed by a material gain in 2011.
2. Change in Inventories is added to net income because it represented
a decrease in inventories and therefore provided cash flow.
3. Change in Inventories is subtracted from net income because it represented