Pizza International, Inc. operates 700 family restaurants around the world. The

Question

Pizza International, Inc. operates 700 family restaurants around the world. The company's annual report contained the following information (in thousands) Operating Activities Net Loss Depreciation Increase in Receivables Decrease in Inventory Increase in Prepaid Expenses Decrease in Accounts Payable Decrease in Accrued Liabilities Increase in Income Taxes Payable Payments on Notes Payable Cash Paid for Equipment $(9,467) 33,380 185 673 679 2,297 734 1,891 12,706 29,088 Required 1. Based on this information, compute cash flow from operating activities using the indirect method. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) PIZZA INTERNATIONAL, INC. Cash Flow from Operating Activities-Indirect Method (in thousands) 0

Explanation / Answer

Cash flow from Operating Activities Net loss -9,467 Depreciation 33,380 increase in receivables -185 decrease in inventory 673 increase in prepaid expense -679 decrease in accounts payable -2297 decrease in accrued liabilities -734 increase in income taxes payable 1,891 cash flow from operating activities 22,582 Changes in Revenue and expense recognition Different methods of preparing cash flows & income statement

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