9: The Cash Flow Statement

9.4: Analysing cash flow statements

Analyse the three blocks of the cash flow statement of Ferrari and Marks & Spencer.

Marks and Spencer (Retailer with Negative OWCR)

ISIN Number GB0031274896

.

.

.

Page 94 Cash flow

Cash flow statement is on page: F9

Ferrari

.

ISIN NL0011585146

• Page 206 (pdf) Cash flow

Analyze the three different blocks of the Cash-Flow segment of Ferrari in 2018-2019 (closed

in December) and of Mark & Spencer in 2018-2019 (closed in March) and comment their

operational performance and their Free Cash Flow. Using only the last year (2019), comment

the consistency of each part of the cash flow statement with the income statement (for

example the EBITDA and the Operational Cash Flow) and balance sheet (for example

the variation of cash). What additional information does the cash flow statement provide

with respect to the balance sheet and income statement?