Question

Assume that during 2020, Cypress Semiconductor Corporation reported net cash provided by operating activities of $155,985,000, net cash used in investing activities of $207,055,000 (including cash spent for plant assets of $132,295,000), and net cash used in financing activities of $33,370,000. Dividends of $4,165,000 were paid. Calculate free cash flow. (Enter a negative amount using either a negative sign preceding the number e.g. -15,000 or parentheses e.g. (15,000).)

Answer 1

$19,525,000

Step-by-step explanation:

Calculation to determine the free cash flow

Using this formula

Free cash flow=Net cash provided by operating activities-cash spent for plant assets-Dividends

Let plug in the formula

Free cash flow=$155,985,000-$132,295,000-$4,165,000

Free cash flow=$19,525,000

Therefore The Free cash flow is $19,525,000