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Calculate free-cash-flow (FCF) for COKE during 2021 and explain the meaning of your calculated free cash flow to COKE investors. COKE Co. Cash equivalents Account

Calculate free-cash-flow (FCF) for COKE during 2021 and explain the meaning of your calculated free cash flow to COKE investors.

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COKE Co. Cash equivalents Account Receivables Inventories Prepaid expenses Total Current Assets Net Property Plant Brands, royalty & other operating assets Intangible assets Total Assets 2020 2021 45,041 48,813 -25,034 -26,420 -8,365 -8,565 -2,406 -2,428 -304 -31 0 23 688 854 9,620 12,246 -2,984 -4,242 6,636 8,004 Notes payables Account payables and accruals Unearned revenues Total current liabilities Long-term debt Other long-term debt Common stock par value + paid in Retained earnings Treasury stock Non-controlling interests Total Equity Total liabilities + Total Equity 2020 2021_COKE Co. $3,931 $3,421 Total Revenues 6,967 7,822 Cost of Sales 1,487 1,574 Selling & Admin expenses 1724 2,359 Depreciation expense $14,109 $15,176 Interest Expense 30,012 31,353 Interest income 7,370 7,434 Other non-operating income 29,750 30,223 Income before taxes 81,241 84,186 Income taxes Net income 3,389 3,533 6,803 7,595 1,512 2,164 11,704 13,292 12,776 12,676 8,611 8,611 33,440 33,440 46,571 48,028 -34,582 -34,582 2,721 2,721 48,150 49,607 81,241 84,186

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