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Calculate Salamanca's GAAP cash flow, free cash flow and reconcile the two numbers Salamanca, Inc Income Statement 2019 Revenue 230,000 Cost of Revenue 111,000 Gross

Calculate Salamanca's GAAP cash flow, free cash flow and reconcile the two numbers

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Salamanca, Inc Income Statement 2019 Revenue 230,000 Cost of Revenue 111,000 Gross Profit 119,000 R &D 12,000 Sales & Marketing 40,000 G&A 12,000 Depreciation 5,000 Stock Based Compensation Expense 2,000 Total Operating Expenses 71,000 EBIT 48,000 Interest Expense 8,000 EBT 40,000 Taxes ,000 Net Income 34,000 Salamanca, Inc. Salamanca, Inc. Balance Sheet Balance Sheet 2018 2019 2018 2019 Cash 3,000 22,000 Accounts payable 10,000 12,000 Short-term marketable securities 5,000 6,000 Accrued Expenses 5,000 6,000 Accounts receivable 22,000 25,000 Notes payable 8,000 7,000 Inventory 11,000 8,000 Interest Payable 1,000 2,000 Prepaid insurance 4,000 6,000 Deferred revenue 23,000 30,000 Prepaid software licenses 3,000 2,000 Total current liabilities 47,000 $7,000 Total current assets 53,000 69,000 5000 7,000 Deferred revenue 9,000 8,000 Net plant and equipment 29,000 36,000 Long-term debt 15,000 24,000 Long-term marketable securities 3,000 9,000 Total Liabilities 71,000 39,000 Prepaid software licenses 2,00 1,000 Total noncurrent assets 34,000 46,000 Common Stock & APIC 9,000 11,000 Total Assets 87,000 115,000 Treasury stock (16,000) (27,000) Retained earnings 23,000 42,000 Total Equity 16,000 26,000 Total Liabilities & equity 87,000 115,000

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