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what is the free cash flow for bank of America based on these photos? show your

ID: 2805701 • Letter: W

Question

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

QUOTES MARKETS 'NEWSV INVESTING v ADVANCED INVESTING V/ PERSONAL FINANC Get Quarterly Data Annual Income Statement (values in 000's) Period Ending Net Income Cash Flows-Operating Activities Depreciation Net Income Adjustments$7,603,000 Changes in Operating Activities Accounts Receivable Changes in Inventories Other Operating Activities Liabilities Trend 12/31/2016 12/3112015 12/31/2014 12/31/2013 $17,906,000 $15,836,000 5,520,000 $11,431,000 S5,375,000 $5,002,000 $4,221,000 4,260,000 $3,802,000 $1,189,000 $6,196,000 S0 S0 S0 So $4,297,000 $37,960,000 $9,702,000 S0 S0 50 S0 ($12,543,000) $427,000 ($35,000) $730,000 ($12,919,000) Net Cash Flow-Operating Cash Flows-Investing Activities Capital Expenditures Investments 1 $18,306,000 s28,347,000 $30,795,000 s92,81 7,000 $0 $0 SO S0 (S82,951,000) ($55,532,000) (S5,756,000) $25,546,000

Explanation / Answer

Free Cash Flow in 2016 = CFO - Capex = 18306000- 0 = 18306000

Free Cash Flow in 2015 =28347000-0= 28347000

Free Cash Flow in 2014 = 30795000-0 = 30795000

Free Cash Flow in 2013 =92817000-0 = 92817000