Below is information from the statement of cash flow and income statement for Garland Products,Inc.for 2012 and 2011.Marketable securities represent investments of excess cash that Garland Products does not need for operations.Garland Products' tax rate is 35%.
Cash Flow Statement(in thousands)Cash from operationsNet cash provided by operations Cash from investments Increase) decrease in property & plant Acquisition (disposition) of subsidiaries or other business Increase (decrease) in marketable securities Net cash provided by (used in) investing Cash from financing ssuances (purchases) of equity shares ssuances (repayment) of debt ncrease (decrease) in bank, or other borrowings Dividends, other distributions Net cash provided by (used in) financing Net change cash & cash equivalents Cash and cash equivalents at start of year Cash and cash equivalents at year-end Interest Revenue Interest paid 12/30/2012106,484−31,536−702−18,825−51,063−370−−25,000−29,377−54,7476743,2553,9295039412/30/2011113,880−47,960−19380,737332,758−434,570−25,000−37,202−446,772−1343,3893,255351400
Using the above information calculate the amount of free cash flows for common equity shareholders for Garland Products for year 2012 and 2011.
Definitions:
Superegos
A component of Freud's psychoanalytic theory that represents the internalized societal standards for right and wrong, working to restrain unacceptable impulses of the id.
Unconditional Positive Regard
An attitude of total acceptance and support towards a person regardless of what they say or do, often used in therapeutic settings.
Healthy Personality
A state of mental well-being where an individual realizes their own abilities, can cope with normal stresses of life, work productively, and is able to make contributions to their community.
Carl Rogers
A pioneering humanistic psychologist known for his theory of personality and his method of client-centered therapy.