Question: During the past year, Dyckman Inc. generated $ 3 0 0 million in comprehensive income, of which $ 4 3 0 million was net operating

During the past year, Dyckman Inc. generated $300 million in comprehensive income, of which $430 million was net operating profit after tax (NOPAT) and $30 million was net financial expense after tax (NFEAT). During the year, the firm paid a cash dividend of $50 million. Due to a positive business climate, the firm expanded its operations, resulting in an increase in net operating assets (NOA) from $1,220 million to $1,435 million that was financed by an increase in net financial liabilities (NFL) of $130 million from $500 million at the beginning of the year. Additionally Dyck- man issued $10 million in stock as a result of employee stock options exercised. What was Dyckmans free cash flow (FCF) for the year?
Note: Enter your answer to the nearest million dollars and no dollar sign. If your answer is $25,360,000, enter 25

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 Accounting Questions!