Question
On 31 December 2020, IAG presents the following information related to its Cash Flow (mill. Euros): Operating profit: 3,250. Depreciation: 1,250. Movement in working capital:
On 31 December 2020, IAG presents the following information related to its Cash Flow (mill. Euros):
Operating profit: 3,250.
Depreciation: 1,250.
Movement in working capital: -790.
Interest paid: -110.
Tax paid: -340.
CF from operating activities: 3,260.
CF from investing activities: -2,485.
CF from financing activities: -25.
At December 31, 2020, the Free Cash Flow to the Firm is ?
Step by Step Solution
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Step: 1
To calculate the Free Cash Flow to the Firm FCFF we need to use the following formula FCFF Cash flow ...
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Financial Reporting and Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
7th edition
1259722651, 978-1259722653
