Celular Access, Inc., a celular telephone service provider reported net income of $254.6 million for the...

Question

Question

Celular Access, Inc., a celular telephone service provider reported net income of $254.6 million for the most recent fiscal y

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Free cash flow = Net income + Depreciation expense - Capital expenditure - Increase in net working capital

Free cash flow = $254.6 + 98.2 - 194.4 - 9.3

Free cash flow = $149.1 million

Add a comment

Answer 2

Similar Homework Help Questions

Cellular Access, Inc., a cellular telephone service provider reported net income of $250 million for the...

Cellular Access, Inc., a cellular telephone service provider reported net income of $250 million for the most recent fiscal year. The firm had depreciation expenses of $100 million, capital expenditures of $200 million, and no interest expenses. Net working capital increased by $10 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.
Vasudevan Inc. recently reported operating income of $3.00 million, depreciation of $1.20 million, and had a...

Vasudevan Inc. recently reported operating income of $3.00 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net operating working capital totaled $0.60 million. How much was its free cash flow, in millions?
A firm reports that in a certain year it had a net income of $4.3 million,...

A firm reports that in a certain year it had a net income of $4.3 million, depreciation expenses of $3.0 million, capital expenditures of $2.1 million, and Net Working Capital decreased by $1.2 million. What is the firm's free cash flow for that year? OA. $4.6 million OB. $40 million O C. $6.4 million OD. 510 6 million

1. (10 points). Z-Tec, a firm providing Internet services, reported net income of $10 million in...

1. (10 points). Z-Tec, a firm providing Internet services, reported net income of $10 million in the most recent year, while making $25 million in capital expenditures (depreciation was $5 million). The firm had no working capital needs and uses no debt. a. (5 points) Can the firm afford to pay out dividends right now? Why or why not? b. (5 points) Assuming net income grows 40 percent a year and that net capital expenditures grow 10 percent a year,...
Environ Systems is a firm that specializes in cleaning environmental damage (waste disposal) and specialty chemicals. The income statement is reported below: Revenues $1,000 - Cost of goods sold...

Environ Systems is a firm that specializes in cleaning environmental damage (waste disposal) and specialty chemicals. The income statement is reported below: Revenues $1,000 - Cost of goods sold 550 - Depreciation 150 Operating Profit (EBIT) 300 - Interest expenses 100 Taxable Income 200 Taxes 60 Net Income $140 You are also provided with the following information: The firm reported capital expenditures of $ 50 million in the most recent year and also made two acquisitions – one for $125...
This year, FCF, Inc. Has earnings before interest and taxes of $10 million, depreciation expenses of...

This year, FCF, Inc. Has earnings before interest and taxes of $10 million, depreciation expenses of $1 million, capital expenditures of $1.5 million and has increased its net working capital by $500,000. If its tax rate is 35%, what is its free cash flow?

Smith Inc. recently reported operating income of $2.75 million, depreciation of $1.20 million, and had a...

Smith Inc. recently reported operating income of $2.75 million, depreciation of $1.20 million, and had a tax rate if 40%. The company’s expenditures on fixed assets (CAPEX) and net operating capital totaled $1.6 million. How much was its free cash flow, in millions? please show work.
In the most recent year, Samsung reported after-tax operating income of $20 million. The company had...

In the most recent year, Samsung reported after-tax operating income of $20 million. The company had capital expenditures of $25 million, depreciation of $15 million and all other net operating assets increased by $5 million. Samsung expects to increase free cash flow each year for the next five years by 6% per year, after which they expect a continuing or terminal growth rate of 2%. The company has 10 million shares outstanding and is entirely financed by equity. Samsung's beta...
20 Lansing Corporation reported net income of $67 million for last year. Depreciation expense totaled $15...

20 Lansing Corporation reported net income of $67 million for last year. Depreciation expense totaled $15 million and capital expenditures came to $6 million. Free cash flow is expected to grow at a rate of 4.2% for the foreseeable future. Lansing faces a 40% tax rate and has a 0.36 debt to equity ratio with $250 million (market value) in debt outstanding. Lansing's equity beta is 1.92, the risk-free rate is currently 5% and the market risk premium is estimated...

A firm reported the following financial statement items: £ millions 2,100 Net income Non-cash charges Interest expense...

A firm reported the following financial statement items: £ millions 2,100 Net income Non-cash charges Interest expense 400 300 250 Capital expenditures Working capital expenditures Net borrowing 1,600 Tax rate 40% The free cash flow to the firm (FCFF, in £ millions) is:

Celular Access, Inc., a celular telephone service provider reported net income of $254.6 million for the...

Homework Answers

Add Answer to:
Celular Access, Inc., a celular telephone service provider reported net income of $254.6 million for the...

Post as a guest

Earn Coins

Cellular Access, Inc., a cellular telephone service provider reported net income of $250 million for the...

Vasudevan Inc. recently reported operating income of $3.00 million, depreciation of $1.20 million, and had a...

A firm reports that in a certain year it had a net income of $4.3 million,...

1. (10 points). Z-Tec, a firm providing Internet services, reported net income of $10 million in...

Environ Systems is a firm that specializes in cleaning environmental damage (waste disposal) and specialty chemicals. The income statement is reported below: Revenues $1,000 - Cost of goods sold...

This year, FCF, Inc. Has earnings before interest and taxes of $10 million, depreciation expenses of...

Smith Inc. recently reported operating income of $2.75 million, depreciation of $1.20 million, and had a...

In the most recent year, Samsung reported after-tax operating income of $20 million. The company had...

20 Lansing Corporation reported net income of $67 million for last year. Depreciation expense totaled $15...

A firm reported the following financial statement items: £ millions 2,100 Net income Non-cash charges Interest expense...

Celular Access, Inc., a celular telephone service provider reported net income of $254.6 million for the...

Homework Answers

Add Answer to: Celular Access, Inc., a celular telephone service provider reported net income of $254.6 million for the...

Post as a guest

Earn Coins

Add Answer to:
Celular Access, Inc., a celular telephone service provider reported net income of $254.6 million for the...