Use the Cumulative Free Cash Flow exhibit below to answer the following questions as TRUE or FALSE. Cumulative Free Cash Flow, Net, 2014-2018 Apple Cash-based Net Income 347,778 Decrease (Increase) in Assets and Liabilities 70,707 Capital Expenditures (CapEx) (59,799) Free Cash Flow 358,686 Amazon 79,079 (47,466) (43,466) (11,853) Charter 34,797 (42,661) (27,192) (35,056) McDonald 33,029 6,189 (10,814) 28,404 Netflix (7,723) 2,869 (938) (5,792) Tesla 2,748 (12,111) (9,401) (18,764) Sum 489,708 (22,473) (151,610) 315,625 164 356 (591) (53,698) 0 0 0 Acquisitions (including Other Investments and Financin Dividends Issues (Repurchase) of Equity Issues (Retirement) of Debt Deployment of Free Cash Flow, Net (104,039) (61,318) (202,406) 97,523 (270,240) (22,884) 0 17,971 42,400 37,487 1,559 29,928 58,646 34,876 (15,850) (31,454) 16,946 (30,195) (180,693) (77,168) (173,961) 236,739 (195,083) 10,442 11,364 21,215 9,860 11,775 Increase (Decrease) in Excess Cash 88,445 25,634 (180) (1,791) 5,983 2,451 120,542 Companies with positive Free Cash Flow may still raise new Capital to finance acquisitions. These companies largely deploy all of their free cash flows. Companies are repurchasing significant amounts of their Equity, in some instances financing repurchases by issuing Debt. Fee Cash Flow is based on Cash-based Net Income and management's ability to efficiently manage investments in Assets and Liabilities and control Capital Expenditures. Capital Expenditures (CapEx) are deducted from Free Cash Flows to produce Cash Flow from Operations