Chapter 11 Free cash flow and cash flow adequacy

• Obj. 6
• Assume that the average amount of debt maturing over the next 5 years is $300.6 million, $101.8 million, and $103.0 million for 2020, 2019, and 2018, respectively.
• Compute the free cash flow for 2018, 2019, and 2020.
• Compute the cash flow adequacy ratio. Round to one decimal place.
• Interpret Nikes free cash flow and cash flow adequacy ratio

Cash provided (used) by operations: Adjustments to reconcile net income to net cash provided (usec) by operations: Changes in certain working capital components and other assets and liabilities: Increase (decrease) in accounts payable, accrued liablities, operating lease liabilies and other current and non-current liabilities