How do we adjust for depreciation when we calculate incremental after-tax free cash flow from EBITDA? What

Question:

How do we adjust for depreciation when we calculate incremental after-tax from EBITDA? What is the intuition for the adjustment?

Free Cash Flow
Free cash flow (FCF) represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the...