What is National Co.'s free cash flow for 2022?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
37
Transcribed Image Text:What is National Co.'s free cash flow for 2022?
Sample format: 111,111,111
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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