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33 Which of the non-recurring and non-cash charges shown on the Cash Flow statement below should you ALWAYS add back when calculating EBITDA, starting with
33 Which of the non-recurring and non-cash charges shown on the Cash Flow statement below should you ALWAYS add back when calculating EBITDA, starting with Operating Income, and adjusting for non-recurring charges? Cash Flow Statement (s in Millions) Year 1 Year 2 Year 3 Net Income: $ 751 $ 660 $ 682 Addback to Net Income of Non-Cash Charges: Depreciation: 302 409 365 Amortization of Intangible Assets: 238 250 247 Stock-Based Compensation: 425 572 630 Goodwill Impairment: 626 76 0 Tax Benefits from SBC: (597) (35) 0 Excess Tax Benefits from SBC: (274) (213) 0 Deferred Income Taxes: (112) (151) (151) Earnings Attrib. to Equity Interests: 13 15 15 Dividends Received: 1 3 3 Noncontrolling Interest Earnings: (15) (28) 0 (Gains) / Losses from Asset Sales: (100) (50) 0 Changes in Operating Assets & Liabilities: Accounts Receivable, Net: (185) (89) (135) Prepaid Expenses & Other: (10) 133 (60) Accounts Payable: 30 45 (1) Accrued Expenses & Other: 175 185 284 Deferred Revenue: 4 86 43 Cash Flow from Operations: 1,272 1,869 1,920 Investing Activities: Capital Expenditures: Cash Flow from Investing: (700) (700) (750) (750) (800) (800) 0 0 Financing Activities: Proceeds from Common Stock, Net: Repurchases of Common Stock: Cash Flow from Financing: 0 0 0 0 0 0 0 Goodwill Impairment Tax Benefits from Stock-Based Compensation (SBC) (Gains) / Losses from Asset Sales Noncontrolling Interest Earnings Deferred Income Taxes Depreciation Amortization of Intangible Assets Capital Expenditures
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