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What is National Co.'s free cash flow for 2022?

What is National Co.'s free cash flow for 2022?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is National Co.'s free cash flow for 2022? Sample format: 111,111,111
Transcribed Image Text:What is National Co.'s free cash flow for 2022? Sample format: 111,111,111
NATIONAL CO.: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2021 2022 P3,600.0 P3,000.0 3.060.0 P 540.0 90.0 P 450.0 65.0 P 385.0 154.0 P 231.0 P 181.5 Sales Operating costs (excluding depreciation and amortization) E BITDA Depreciation and amortization Earnings before interest and taxes 2.550.0 P 450.0 75.0 P 375.0 Interest 600 E arnings before taxes Тахes (40%) Net income ava ilable to common stockholders P 315.0 126.0 P 189.0 Common dividends P 13.2 NATIONAL CO.: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2022 2021 Assets: P 36.0 540.0 P 30.0 450.0 Cash and marketable securities Accounts receivable Inventories Total current assets 540.0 P1,116.0 _900.0 P2.016.0 600.0 P1,080.0 750.0 P1.830.0 Net plant and equipment Total assets Liabilities and equity: Accounts payable Notes payable Accruals Total aurrent labilties Long-term bonds Total debt Common stock (50 million shares) Retained earnings Total com mon equity Total labilties and equity P 324.0 201.0 216.0 P 741.0 450.0 P1,191.0 150.0 675.0 P 825.0 P2.016.0 P 270.0 155.0 180.0 P 605.0 450.0 P1,055.0 150.0 625.0 P 775.0 P1.830.0
Transcribed Image Text:NATIONAL CO.: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2021 2022 P3,600.0 P3,000.0 3.060.0 P 540.0 90.0 P 450.0 65.0 P 385.0 154.0 P 231.0 P 181.5 Sales Operating costs (excluding depreciation and amortization) E BITDA Depreciation and amortization Earnings before interest and taxes 2.550.0 P 450.0 75.0 P 375.0 Interest 600 E arnings before taxes Тахes (40%) Net income ava ilable to common stockholders P 315.0 126.0 P 189.0 Common dividends P 13.2 NATIONAL CO.: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2022 2021 Assets: P 36.0 540.0 P 30.0 450.0 Cash and marketable securities Accounts receivable Inventories Total current assets 540.0 P1,116.0 _900.0 P2.016.0 600.0 P1,080.0 750.0 P1.830.0 Net plant and equipment Total assets Liabilities and equity: Accounts payable Notes payable Accruals Total aurrent labilties Long-term bonds Total debt Common stock (50 million shares) Retained earnings Total com mon equity Total labilties and equity P 324.0 201.0 216.0 P 741.0 450.0 P1,191.0 150.0 675.0 P 825.0 P2.016.0 P 270.0 155.0 180.0 P 605.0 450.0 P1,055.0 150.0 625.0 P 775.0 P1.830.0
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