During the last year, globo-chem co. generated $1,053 million in cash flow from operating activities and had negative cash flow generated from investing activities (-$576 million). at the end of the first year, globo-chem co. had $180 million in cash on its balance sheet, and the firm had $280 million in cash at the end of the second year. what was the firm’s cash flow (cf) due to financing activities in the second year

Cash Flow due to financing activities in second year is negative = -$377 million

Explanation:

Format of Cash flow statement is as follows:

Cash Generated From Operating Activities

Add: Cash Generated From Investing Activities

Add: Cash Generated From Financing Activities

Add: Opening Balance of Cash

= Closing Balance of Cash

Now, putting all the values as stated above              Amount in million

Cash Generated From Operating Activities              =$1,053

Add: Cash Generated From Investing Activities       = -$576

Add: Cash Generated From Financing Activities      = x

Add: Opening Balance of Cash                                  = $180

= Closing Balance of Cash                                          = $280

That means  $477 + x + $180 = $280

$657 - $280 = - x

$377 = -x

x = $377

Thus Cash Flow due to financing Activities in second year = - $377 million

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