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
Problem 1Q
Related questions
Question
100%
Give me answer within 45 min please I will give you more upvotes its very urgent ....thankyou...
![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 meassure included in this reconciliation?
%24
b. What is the non-GAAP measure included in this reconciliation? $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fded2bb9e-8d1c-42ec-a898-d412c9b00479%2Fe179b764-4cd3-47b0-9cc4-2c43168eee90%2F4ishebi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Identifying Non-GAAP and GAAP Measures
A company reported the following reconciliation in the MD&A section of its 2020 annual report($ 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 meassure included in this reconciliation?
%24
b. What is the non-GAAP measure included in this reconciliation? $
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education