Time Warner Inc. is a leading media and entertainment company whose businesses include Turner, Home Box Office, and Warner Bros. A number of years ago, the company's annual report contained the following information (dollars in millions) : Net loss $ (13,402) Depreciation, amortization, and impairments 34,790 Decrease in receivables 1,245 Increase in inventories 5,766 Decrease in accounts payable 445 Additions to equipment 4,377 Source: Time Warner Inc.
Required: 1. Based on this information, compute cash flow from operating activities using the indirect method. (Enter your answers in millions. List loss amounts and cash outflows as negative amounts.)
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