Interpret the following information regarding Bates Corporations free cash flows and financing cash flows. Maness Corporation Free

Interpret the following information regarding Bates Corporation€™s free cash flows and financing cash flows.

Transcribed Image Text:

Maness Corporation Free Cash Flows and Financing Cash Flows FREE CASH FLOWS Operating income (EBIT) Depreciation expense Tax expense After-tax cash flows from operations Increase In net working capital 954 60 (320) S 694 Increase in current assets Increase in accounts payable Increase in net working capital ($899) 175 S 724) Change in long-term assets: Decrease In fixed assets 2,161 Free cash flows $2,131 FINANCING CASH FLOWS Interest paid to lenders Repayment of long-term debt Repurchase of common stock Common stock dividends Flnancing cash flows S 364) (850) (1,024) (1,341) ($3,579)