Problem
Cash Flows
Perform a detailed analysis of Ubisoft's cash flows for the year ended March 31, 2022 and a summary analysis of Ubisoft's cash flows for the five years ended March 31, 2022.
1. (In reviewing the Balance Sheet and the Statement of Cash Flows you will notice that cash and cash equivalents ("Cash") on the Balance Sheet does not agree to Cash at the end of the period on the Statement of Cash Flows). Identify and briefly discuss the differences between Cash reported on the Balance Sheet and Cash reported on the Statement of Cash Flows for the year ended March 31, 2022.
2. For the year ended March 31, 2022 identify material differences between reported total cash flow generated by operating activities and sustainable operating cash flow, if any. Also, in your team's opinion, how strong is Ubisoft's sustainable cash flow from operations and its sustainable free cash flow?
3. Develop an overall summary of the key elements of Ubisoft's investing and financing cash flows for the year ended March 31, 2022. This is less about calculating the numbers and more about analyzing and evaluating what the numbers tell you, and the conclusions you can reach from the financial statements.
4. Discuss the overall trends in Ubisoft's cash flows for the five years ended March 31, 2022, including detailed references to Group information from Ubisoft's financial statements. (As you reference Group information, note the page number and year of annual report for easy reference in class.)