Question: Below is the equation that I got, correct me if I'm wrong! Free Cash Flow (FCF) = Earnings + Interest + Depreciation - Capital Exps

Below is the equation that I got, correct me if I'm wrong!

Free Cash Flow (FCF) = Earnings + Interest + Depreciation - Capital Exps - Change in NCWC

Earnings/Net Income = Sales - Cash Expenses - Depreciation - Interest - Taxes

NCWC = Receivables + Inventory - Payables

*Interest & Dividends dont affect free cash flow*

In 2021, Johnson Controls reported the following accounting items (in millions of dollars): Sales =$50 Cash Expenses =$30 Depreciation =$5 Interest Paid =$3 Taxes =$1 Dividends Paid =$3 Capital Expenditures =$8 What were the firm's Free Cash Flows in 2021? (Note: Enter your answer without the millions or the dollar sign, so if you think the answer is $5 million, just enter 5 ) Numeric Response

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Please help answer just part f. (in red) for this problem. I will be re-working it before I submit, but I need full guidance to better learn the concepts and how you got to them through Excel....

1. From the scenario, cite your forecasting conclusions that support TFC?s decision to expand to the West Coast market. Speculate as to whether or not the agency conflict discussed in the scenario...

Hello Finstat. I have really appreciated your help so far. Can you help with the attached? From what I can tell and what the instructor has told us is that this is less involved than the previous...

Hello. Can you help with this four question problem? Case PRIVATE EQUITY CASE: MERGER CONSOLIDATION The questions below COMBINE the Ohio & Maryland PT acquisitions as if they are a single c Learning...

Below is the assignment, attached in the excel file is actually all the answers, I need these transferred into my own excel file, answering all the questions below. Integrated mini-case: ?Working...

Hello, I need the solutions to the four questions on a finance case. See attached excel and the PDF of the case. Week 11 Equity Valuation SEE THE IS/BS MODEL & FLOW DIAGRAM TABS -YOU ARE NOW READ:...

Please show the work in Excel Review the requirements of the Chapter 3 Mini-Case, parts b through j. Then apply those requirements to do an analysis of Starbucks. Do the analysis on the basis of the...

Hatfield Medical Supply's stock price had been lagging its industry averages, so its board of directors brought in a new CEO, Jaiden Lee. Lee had brought in Ashley Novak, a finance MBA who had been...

All work needs to be displayed in Excel, and please show each cell's work! Only need work in E through G. All work needs to be displayed in Excel, and please show each cell's work! Only need work in...

V) Solve the Clairaut equation z = px +qy +V1+p+q? with the initial data x (0,s) =a coss, y (0,s)=asins, z(0,s)=0

How is the present value of an annuity determined?

QUESTION 2 Under what conditions does fluid enter a lymphatic capllary? in oher worth, what is responubie for bis movement? For the toolbar, press ALT F 1 0 ( BC ) or ALT PN F 1 0 ( Mac )

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

8. Demonstrate aspects of assessing group performance

3. Create a chart that lists the four leadership styles described in this chapter (directive, participative, supportive, and achievement oriented). Evaluate the leaders of each of the different...

1. LaunchPad for Real Communication offers key term videos and encourages selfassessment through adaptive quizzing. Go to bedfordstmartins.com/realcomm to get access to: LearningCurve Adaptive...