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FREE CASH FLOW Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars)

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FREE CASH FLOW Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2015 $1,920.0 $1,600.0 1,584.0 1,360.0 $336.0 $240.0 48.0 $281.0 $192.0 35.0 $239.0 $157.0 62.8 $94.2 2016 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization Earnings before interest and taxes (EBIT) 55.0 Interest 42.0 Earnings before taxes (EBT) Taxes (40%) 95.6 $143.4 $129.0 Net income Common dividends $75.0

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