Help with accounting Free Cash Flow Question?
J Stewart Redlin asked:
In a recent year, Cypress Semiconductor Corporation reported cash provided by operating activities of $155,793,000, cash used in investing of $207,826,000, and cash used in financing of $33,372,000. In addition, cash spent for fixed assets during the period was $132,280,000. No dividends were paid. Calculate free cash flow.
In a recent year, Cypress Semiconductor Corporation reported cash provided by operating activities of $155,793,000, cash used in investing of $207,826,000, and cash used in financing of $33,372,000. In addition, cash spent for fixed assets during the period was $132,280,000. No dividends were paid. Calculate free cash flow.
Help please and thank you.
Sharice Gillyard
Free cash flow = cash provided by operating activities $155,793,000 – capital expenditures $132,280,000 = $23,513,000