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Use the information provided in the table to calculate free cash flow for Corrections Corporation of America in Year 7. Income Statement & Balance Sheet
Use the information provided in the table to calculate free cash flow for Corrections Corporation of America in Year 7. Income Statement & Balance Sheet Corrections Corporation of America ($000's) Year 6 Year 7 Revenue 1,303,381 1,456,313 Cost of Goods Sold 947,946 1,036,087 SG&A 63,593 74,399 Depreciation 67,323 79,093 EBIT 224,519 266,734 Interest Expense, Net 59,505 53,468 Pre-Tax Income 165,014 213,266 Income Taxes 59,775 79,893 Net Income 105,239 133,373 ASSETS 2006 2007 Cash and Cash Equivalents 111,859 57,842 Accounts Receivable 267,557 282,821 Total Current Assets 379,416 340,663 1,805,052 2,086,219 Net Property & Equipment Goodwill & Intangibles 66,392 58,858 Total Assets 2,250,860 2,485,740 LIABILTIES & EQUITY Accounts Payable 164,092 214,441 Current Portion of Debt 290 290 Total Current Liabilities 164,382 214,731 Long-Term Debt 1,036,797 1,049,034 Total Liabilities 1,201,179 1,263,765 Common Stock 1,221 1,245 Stock Additional Paid-in-Capital 1,527,608 1,568,736 (479,148) (348,006) Retained Earnings (Deficit) Total Owners' Equity 1,049,681 1,221,975 Total Liabilities and Owners' Equity 2,250,860 2,485,740 Round your answer to the nearest whole number. Free cash flow = $1
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