Cellular Access, Inc., a cellular telephone service provider reported net income of $242.6 million for the most recent fiscal year. The firm had depreciation expenses of $100.5 million, capital expenditures of $192.7 million, and no interest expenses. Net working capital increased by $9.3 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year. The free cash flow is $ ... million. (Round to one decimal place.)

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Cash Flow Statement Analysis

A company's cash flow is the movement of its cash inflows and cash outflows. A cash flow statement is prepared to determine changes in an organization's cash position. A cash flow statement shows how much money was generated and spent on the business during the fiscal year. The cash flow analysis is a method of analyzing an organization's investing, financing, and operating activities. A cash flow statement reveals an organization's liquidity and solvency, as well as its ability to change cash flows in the future. It eliminates the other effects of accounting methods by improving the comparability of different organizations' operational performance.