what is the free cash flow for Citibank based on these photos? show your work. f

ID: 2805676 • Letter: W

Question

what is the free cash flow for Citibank based on these photos? show your work.
free cash flow formula is operating cash flow-capital expenditures.

Annual Income Statement (values in 000's) Period Ending: Net Income Get Quarterly Data 12/31/2013 $13,659,000 Trend 12/31/2016 12/31/2015 12/31/2014 'Inl $14,912,000 $17,242,000 $7,310,000 Cash Flows-Operating Activities $3,753,000 $3,697,000 $3,799,000 $3,497,000 S7,494,000 $6,320,000 $9,517,000 9,766,000 Depreciation Net Income Adjustments Changes in Operating Activities Accounts Receivable Changes in Inventories Other Operating Activities Liabilities Net Cash Flow-Operating Cash Flows-Investing Activities $0 $0 ($335,000) $42,344,000 ($11,386,000) $46,658,000 $28,108,000 $53,932,000 $39,737,000 $46,343,000 $63,244,000 S0 $0 So $0 S0 S0 ch Capital Expenditures I($2.756,000) ($3,198,000) ($3,386,000) (53,490,000) 1-($35,315,000) (S7,882,000) (S23129,000) ($25,967,000) Investments

Explanation / Answer

Let’s calculate free cash flow for each year;

2016

2015

2014

2013

Net Cash Flow-Operating

$53932000

$39737000

$46343000

$63244000

Less: Capital expenditures

($2756000)

($3198000)

($3386000)

($3490000)

Free cash flow

$51176000

$36539000

$42957000

$59754000

Working Note;

Free cash flow is calculated with the help of following formula;

(Net Cash Flow Operating – Capital expenditures)