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How do i calculate the free cash flow for this company for 2015, 2014 and 2013. Period Ending May 31, 2015 May 31, 2014 May

How do i calculate the free cash flow for this company for 2015, 2014 and 2013.

Period Ending

May 31, 2015

May 31, 2014

May 31, 2013

Net Income

1,050,000

2,324,000

2,716,000

Operating Activities, Cash Flows Provided By or Used In

Depreciation

2,611,000

2,587,000

2,386,000

Adjustments To Net Income

2,142,000

601,000

121,000

Changes In Accounts Receivables

(392,000)

(516,000)

(451,000)

Changes In Liabilities

(33,000)

(688,000)

(325,000)

Changes In Inventories

-

-

-

Changes In Other Operating Activities

(12,000)

(44,000)

241,000

Total Cash Flow From Operating Activities

5,366,000

4,264,000

4,688,000

Investing Activities, Cash Flows Provided By or Used In

Capital Expenditures

(4,347,000)

(3,533,000)

(3,375,000)

Investments

-

-

-

Other Cash flows from Investing Activities

(1,405,000)

(18,000)

(428,000)

Total Cash Flows From Investing Activities

(5,752,000)

(3,551,000)

(3,803,000)

Financing Activities, Cash Flows Provided By or Used In

Dividends Paid

(227,000)

(187,000)

(177,000)

Sale Purchase of Stock

(934,000)

(4,300,000)

34,000

Net Borrowings

2,486,000

1,743,000

1,322,000

Other Cash Flows from Financing Activities

(27,000)

(19,000)

(18,000)

Total Cash Flows From Financing Activities

1,349,000

(2,719,000)

1,184,000

Effect Of Exchange Rate Changes

(108,000)

(3,000)

5,000

Change In Cash and Cash Equivalents

855,000

(2,009,000)

2,074,000

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