osts ost savings from synergies(?) epreciation lus: Interest and other income re-tax income ess: Income taxes lus: Income from affiliates rofit after tax calculate free cash flow: dd back depreciation ash flow from operations ess: Change in NWC ess: Capital Expenditures 6969 2296 1084 650 154 849 337 148 660 650 1310 -360 713 6,969 2,296 1,084 650 154 849 337 151 663 650 1,313 713 6,969 2,296 2,244 1,084 650 154 849 337 154 666 650 1,316 713 6,969 2,296 1,084 650 154 849 337 158 670 650 1,320 713 6,969 2,296 1,084 650 154 849 337 161 673 650 1,323 713