Cardinal Health Company Cash Flow Shenanigan? The following was reported by Cardinal Health Company...
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Accounting
Cardinal Health Company Cash Flow Shenanigan?
The following was reported by Cardinal Health Company in 2004:
| (all amounts in millions) | Dec 31, 2004 | Dec 31, 2003 |
|---|---|---|
| Earnings from Continuing Operations | $421.6 | 697.1 |
| Depreciation and Amortization | 198.2 | 143.2 |
| Provision for Bad debts | 0.8 | (2.7) |
| Asset Impairments | 155.8 | 4.8 |
| Decrease/(Increase) in trade receivables | 622.3 | (488.3) |
| Increase in Inventories | (707.5) | (841.4) |
| Decrease/(Increase) in Sales Type Leases | (95.3) | 22.0 |
| Increase in Accounts Payable | 794.1 | 964.3 |
| Other Accrued Liabilities and operating items, net | 129.2 | 49.4 |
| Net Cash provided by operating activities | $1,519.2 | $548.4 |
What strikes you as unusual? What do you think the company is trying to do? Thoroughly explain both your answers
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