1. Does Urban Outfitters use the direct or indirect method to report cash flows from operating activities?
2. What amount of tax payments did the company make during the most recent reporting year?
3. Explain why the "share-based compensation" and "depreciation and amortization" items were added in the reconciliation of net income to net cash provided by operating activities.
4. Has the company paid cash dividends during the last three years? How do you know?
5. What was free cash flow for the year ended January 31, 2012? (Dollars in thousands.)