America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Haim R. Branisteanu who wrote (30146)	8/30/1999 11:39:00 PM
From: Brian K Crawford	Read Replies (1) of 41369

Selected data from AOL 10-K (in millions) Cash flow statement items Year ended June 30 1999 1998 1997 Net increase in cash and cash equivalents $210 $486 $14 Cash and cash equivalents at beginning of year 677 191 177 ---- ---- ---- Cash and cash equivalents at end of year $887 $677 $191 ==== ==== ==== Balance Sheet 1999 1998 Current assets: Cash and cash equivalents $887 $677 Short-term investments 537 146 Other assets: Investments, including available-for-sale securities $2,151 $531 =========================================================== Haim. Suggest you learn to read a cash flow statement. AOL produced positive cash flows in last three years. Note that the short term and long term investments increased dramatically in the year ended 6/30/99. The $1.6 billion increase in long term investments in the "other assets" section is treated as a use of cash, and can rightfully be added to the cash flow provided in the year ended 6/30/99. AOL is closer to a cash-gushing machine than it is to the cash-poor, internet bubble stock you are trying to make it out to be. Hype no more, sir! Brian

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