medium · Corporate Credit Analysis
In a 3-statement credit model, a firm has an EBITDA of $672 million, Interest Expense of $96 million, and Cash Taxes of $78 million.
If Working Capital increases by $45 million and Capex is $230 million, what is the 'Free Operating Cash Flow' (FOCF)?
- 223 million
- 453 million
- 148 million
- 268 million
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