Year Earnings and FCF Forecast ($ million) 1 Sales 2 Growth vs. Prior Year 3 Cost of Goods Sold 4 Gross Profit 5 Selling, General, & Admin. 6 Depreciation 7 EBIT 8 Less: Income Tax at 25% 9 Plus: Depreciation 10 Less: Capital Expenditures 11 Less: Increase in NWC 12 Free Cash Flow 433.0 468.0 8.1% (313.6) 154.4 (93.6) (7.0) 53.8 (13.5) 7.0 (7.7) (6.3) 33.4 2 516.0 10.3% (345.7) 170.3 (103.2) (7.5) 59.6 (14.9) 7.5 (10.0) (8.6) 33.6 3 547.0 6.0% (366.5) 180.5 (109.4) (9.0) 62.1 (15.5) 9.0 (9.9) (5.6) 40.1 574.3 5.0% (384.8) 189.5 (114.9) (9.5) 65.2 (16.3) 9.5 (10.4) (4.9) 43.1
Year Earnings and FCF Forecast ($ million) 1 Sales 2 Growth vs. Prior Year 3 Cost of Goods Sold 4 Gross Profit 5 Selling, General, & Admin. 6 Depreciation 7 EBIT 8 Less: Income Tax at 25% 9 Plus: Depreciation 10 Less: Capital Expenditures 11 Less: Increase in NWC 12 Free Cash Flow 433.0 468.0 8.1% (313.6) 154.4 (93.6) (7.0) 53.8 (13.5) 7.0 (7.7) (6.3) 33.4 2 516.0 10.3% (345.7) 170.3 (103.2) (7.5) 59.6 (14.9) 7.5 (10.0) (8.6) 33.6 3 547.0 6.0% (366.5) 180.5 (109.4) (9.0) 62.1 (15.5) 9.0 (9.9) (5.6) 40.1 574.3 5.0% (384.8) 189.5 (114.9) (9.5) 65.2 (16.3) 9.5 (10.4) (4.9) 43.1
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
Problem 6MC
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