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Select a public firm in United States, download its most recent 10-K annual filing (20-F for foreign companies), find the financial statements, use them to
Select a public firm in United States, download its most recent 10-K annual filing (20-F for foreign companies), find the financial statements, use them to calculate the free cash flows and compare free cash flows with net income for the past three years, and interpret the results.
For the Years Ended December 31, 2021 2020 $ 26 % S 29 % Net revenues Product sales In-game, subscription, and other revenues Total net revenues 2,311 6,492 8,803 2,350 5,736 74 71 100 8,086 100 649 28 705 30 346 15 269 11 1 1,215 19 20 Costs and expenses Cost of revenuesproduct sales: Product costs Software royalties, amortization, and intellectual property licenses Cost of revenues-in-game, subscription, and other: Game operations and distribution costs Software royalties, amortization and intellectual property licenses Product development Sales and marketing General and administrative Restructuring and related costs Total costs and expenses 1,131 155 107 2 3 15 1,150 14 1,337 1.025 788 12 13 1,064 784 9 10 77 1 94 1 5,544 63 5,352 66 3.259 37 2,734 34 95 1 87 1 1 Operating income Interest and other expense (income), net Loss on extinguishment of debt (1) Income before income tax expense Income tax expense 31 36 2,616 32 3,164 465 5 419 5 Net income $ 2,699 31 % $ 2,197 27 %Step by Step Solution
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