Identifying Non-GAAP and GAAP Measures A company reported the following reconciliation in the MD&A section of its 2020 annual report($ millions). Net cash provided by operating activities Development cost of new locations Other property and equipment expenditures (168) Free cash flow $565 (258) $ 139 (S millions) a. What is the GAAP measure included in this reconciliation? b. What is the non-GAAP measure included in this reconciliation? $
Identifying Non-GAAP and GAAP Measures A company reported the following reconciliation in the MD&A section of its 2020 annual report($ millions). Net cash provided by operating activities Development cost of new locations Other property and equipment expenditures (168) Free cash flow $565 (258) $ 139 (S millions) a. What is the GAAP measure included in this reconciliation? b. What is the non-GAAP measure included in this reconciliation? $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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