2018	2019
	Research & Development			3	5
	Equity			40	37
	Depreciation			8	10
	Repurchase of Equity			0	10
	Net income			10	12
	Amortization			3	7
	CapEx			10	12
	Cash Flow Invested in Acquisition			0	12
	Issue of Debt			0	15
	Dividends			5	5
	Net Trade Working Capital			10	12
	Debt			5	20
	Cash & Cash Equivalents			10
	Cash & Marketable Securities			15
	GAAP Methodology 2019
	Cash Flow from Operations
	Cash Flow from Investing
	Cash Flow from Financing
	Total Cash Flow
	Free Cash Flow (FCF)
	Use the inputs above to calculate 2017 Equity.