Operating cash flow equals $65,206 million; free cash flow equals $27,156 million

Operating cash flow equals $84,742 million; free cash flow equals -$24,150 million

Operating cash flow equals $-34,860 million; free cash flow equals $54,239 million

Operating cash flow equals $24,990 million; free cash flow equals $34,027 million

Consider Big Puma's financial statements for 2019 and 2020 (numbers are in millions). Calculate its operating cash flow and free cash flow in 2020. Assume capital expenditures of $57 million in 2020.

Balance sheets as of December 31 2020 2019 Assets Cash and equivalents 16,800 14,980 Accounts receivable 39,200 32,100 Inventories 37,318 28,890 Total current assets 93,318 75,970 Net plant and equipment 53,760 49,220 Total assets 147,078 125,190 Liabilities and equity Accounts payable 11,312 9,630 Accruals 8,960 6,420 Notes payable 7,840 5,404 Total current liabilities 28,112 21,454 Long-term bonds 22,400 21,400 Total liabilities 50,512 42,854 Common stock (4,000 shares) 44,800 42,800 Retained earnings 51,766 39,537 Common equity 96,566 82,337 Total liabilities and equity 147,078 125,190 Income statement for year ending December 31, 2020 Sales 233,100 Operating costs excluding depreciation and amortization 177,600 EBITDA 55,500 Depreciation and amortization 6,660 EBIT 48,840 Interest 5,939 EBT 42,902 Taxes (25%) 10,726 Net income 32,177 Dividends paid 21,887

Answer rating: 100% (QA)

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