Question: Reports the following financial information for the year ended December 31, 2008 (euros in millions). Prepare its statement of cash flows under the indirect method.
Net loss . . . . . . . . . . . . . . . . . . . . . . . € 500
Depreciation and amortization . . . . . 3,679
Gains on disposals and other . . . . . . (362)
Net increase in current assets . . . . . (417)
Net decrease in current liabilities . . . (2,338)
Cash from sales of treasury stock and other . . . . . . . € 812
Cash paid for dividends . . . . . . . . . . . . . . . . . . . . . . . . 361
Cash from disposal of plant assets and intangibles . . . . 88
Cash paid for plant assets and intangibles . . . . . . . . . (3,331)
Cash and cash equivalents, December 31, 2007 . . . . . . 5,937