2-8A. f,ftnalyzing free cash flows) Following you will find our computation of the free cash flows for].

2-8A. f,ftnalyzing free cash flows) Following you will find our computation of the free cashı

flows for]. T. Williams. Interpret the information in terms of where cash came from andı

where it was used.ı

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J.T. WILLIAMS 2003 FREE CASH FLOWS (S IN THOUSANDS) CASH FLOWS FROM AN ASSET PERSPECTIVE After-tax cash flows from operations: Operating income Depreciation Earnings before interest, tax, depreciation Tax expense Less change in income tax payable Less change in deferred taxes Cash taxes After-tax cash flows from operations Other income (losses) $ 156,711 97,797 $254,508 $ 62,333 (7,600) (13,903) 40,830 $213,678 10,532 $224,210