Which o1 the following best describes free cash flow to equity? Free cash flow is the amount of cash flow available for distribution to all investors after all necessary investments in necessary capital have boon made. Free cash flow is the amount of cash flow available (or distribution to shareholders after all necessary investments in necessary capital have been made. Free cash flow is the net change in the cash account on the balance sheet. Free cash flow is equal to not income plus depreciation. Free cash flow is equal to the cash flow from non-taxable transactions