free cash flow for 2017

What is free cash flow (FCF) for 2017? Use the financial statements below to answer the question. ABC Corp. Balance Sheet As of December 31st 2017 2016 Assets Current assets: Cash and equivalents Accounts receivable Inventories Total current assets Net fixed assets: Net plant and equipment Total assets 59.2 815.5 1,444.9 2,319.6 150.0 685.0 975.0 1,810.0 1,919.5 4,239.1 1,670.0 3,480.0 Liabilities and equity equipment Total assets 1,919.5 4,239.1 1,670.0 3,480.0 Liabilities and equity Current liabilities: Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common equity: Common stock (100 million shares) Retained earnings Total common equity Total liabilities and equity 270.0 312.3 339.2 921.5 1,396.6 2,318.0 135.0 290.0 185.0 610.0 1,080.0 1,690.0 290.0 290.0 1,500.0 1,790.0 3,480.0 1,921.1 4,239.1 Income Statement For the Year Ended December 31st 2017 2016 5,669.5 5,386.0 Net sales Operating costs except depreciation and amortization 4,944.2 4,718.9 Depreciation and amortization 165.6 149.0 Total operating costs 5,111.0 4,867.9 Operating income (EBIT) 558.5 518.1 Less interest 166.3 113.4 Earnings before taxes (EBT) 392.1 404.7 Taxes (40%) 156.9 161.9 Net income 235.3 242.8 Dividends paid 104.2 108.0