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Please use the following balance sheets and income statements to solve this problem (all numbers in Million USD) Calculate John Deere Free Cash Flow during

Please use the following balance sheets and income statements to solve this problem (all numbers in Million USD)

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Calculate John Deere Free Cash Flow during 2019 and explain the meaning of the free cash flow you have calculated to John Deere investors.

Please use the following balance sheets and income statements solve this problem (all numbers in Million USD) John Deere Co 2019 2018 Net Sales and revenues 2019 2018 $ 4,335.8 $ 4,162.2 Net Sales 26,644.0 28,862.8 Cash and cash equivalents Marketable securities $ 453.5 $ 437.4 Cost of sales 18,248.9 20,143.2 Account receivables S 1,389.1 S Research and dev 27,893.4 expenses 1,425.1 26,730,1 Other receivables $ 1,018.5 $ 991.2 Selling expenses 2,763.7 2,873.3 Inventories $ 3,340.5 $3,817.0 Interest expense 763.7 680.0 Prepaid expenses $ 5,126.5 $4,834.6 Non-operating expenses 1,254.6 961.1 Property & equipment - $ 24,420.0 26,082.7 $ Total 10,455.4 net 11,304.7 Goodwill S 815.7 2,224.0 2,780.1 $ 726.0 Income before Income Taxes Intangible assets - net $ 4,856.1 $ 4,630.4 Provision for income 700.1 840.1 taxes Total Assets $ S Income of Consolidated 57,947.6 Group 1,523.9 1,940.0 57,981.4 LIABILITIES Short-term borrowings $6,912.2 $8,426.6 Account payables $ 5,084.1 $ 4,670.6 Accrued expenses S 7.240.1 $ 7,311.5 Deferred revenues $ 166.0 $ 160.8 Long-term borrowings $ $ 23,773.7 23.832.8 Other liabilities $ 8,274.5 $ 6,787.7 Total liabilities $ 51.450.6 51,190.0 STOCKHOLDERS' EQUITY Common stock $3,911.8 $ 3.825.6 Treasury stock (15,677.1) (15,497.6) Retained earings S 23,922.1 $ 23,159.0 (5,626.0) (4,729.4) Comprehensive income/loss Total stockholders equity $ 6,530.8 S 6.757.6 Please use the following balance sheets and income statements solve this problem (all numbers in Million USD) John Deere Co 2019 2018 Net Sales and revenues 2019 2018 $ 4,335.8 $ 4,162.2 Net Sales 26,644.0 28,862.8 Cash and cash equivalents Marketable securities $ 453.5 $ 437.4 Cost of sales 18,248.9 20,143.2 Account receivables S 1,389.1 S Research and dev 27,893.4 expenses 1,425.1 26,730,1 Other receivables $ 1,018.5 $ 991.2 Selling expenses 2,763.7 2,873.3 Inventories $ 3,340.5 $3,817.0 Interest expense 763.7 680.0 Prepaid expenses $ 5,126.5 $4,834.6 Non-operating expenses 1,254.6 961.1 Property & equipment - $ 24,420.0 26,082.7 $ Total 10,455.4 net 11,304.7 Goodwill S 815.7 2,224.0 2,780.1 $ 726.0 Income before Income Taxes Intangible assets - net $ 4,856.1 $ 4,630.4 Provision for income 700.1 840.1 taxes Total Assets $ S Income of Consolidated 57,947.6 Group 1,523.9 1,940.0 57,981.4 LIABILITIES Short-term borrowings $6,912.2 $8,426.6 Account payables $ 5,084.1 $ 4,670.6 Accrued expenses S 7.240.1 $ 7,311.5 Deferred revenues $ 166.0 $ 160.8 Long-term borrowings $ $ 23,773.7 23.832.8 Other liabilities $ 8,274.5 $ 6,787.7 Total liabilities $ 51.450.6 51,190.0 STOCKHOLDERS' EQUITY Common stock $3,911.8 $ 3.825.6 Treasury stock (15,677.1) (15,497.6) Retained earings S 23,922.1 $ 23,159.0 (5,626.0) (4,729.4) Comprehensive income/loss Total stockholders equity $ 6,530.8 S 6.757.6

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