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The companys operating income for the year is $245.80 million, and its operating expenses include $22.35 million in stock-based compensation and $95.27 million in depreciation.
The companys operating income for the year is $245.80 million, and its operating expenses include $22.35 million in stock-based compensation and $95.27 million in depreciation. Its net operating capital at the end of the preceding year was $1,165.25 million. What is the companys free cash flow for the year if its tax rate is 25%? Assume other long-term liabilities are operating liabilities. Do not round numbers in intermediate steps. Report your final answer in millions of dollars and round to two decimal places.
Cash | 159 | ||
Marketable securities | 79.2 | ||
Accounts receivable | 195 | ||
Inventories | 225.9 | ||
Deferred income taxes | 78 | ||
Prepaid expenses | 90.3 | ||
Total current assets | 827.4 | ||
Net plant and equipment | 694.44 | ||
Intangible assets | 242.76 | ||
Total assets | 1,764.60 | ||
Liabilities and Equity | |||
Accounts payable | 126 | ||
Notes payable | 294 | ||
Accruals | 96.3 | ||
Total current liabilities | 516.3 | ||
Long-term debt | 324 | ||
Post-employment obligations | 268.8 | ||
Deferred income taxes | 96 | ||
Other long-term liabilities | 144.9 | ||
Total liabilities | 1,350.00 | ||
Common stock | 330.6 | ||
Retained earnings | 84 | ||
Total equity | 414.6 | ||
Total liabilities and equity | 1,764.60 |
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