Houston, Inc.
The following information pertains to Houston, Inc. a manufacturer of belt buckles:
$\begin{array}{c}
\begin{array}{l}
\text { (dollar aniounts in thousands)}\
\text { Net Cash Flow from Operations}\
\text { Interest Expense after tax}\
\text { Decrease (Increase) in Cash Required for Operations}\
\text { Net Cash Flow from Investing}\
\text { Net Cashifrom Debt Financing}\
\
\text { Present Value Factores for 85 \%}

\end{array}
\begin{array}{l}
\underline{2012}\
564 \
122 \
-75 \
-287 \
210\
\
0.922
\end{array}
\begin{array}{l}
\underline{2013} \
628 \
134 \
-54 \
-300 \
204\
\
0.849
\end{array}
\begin{array}{l}
\underline{2114}\
854 \
148 \
-48 \
-310 \
140\
\
0.783
\end{array}
\begin{array}{l}
\underline{2015}\
1059 \
145 \
-32 \
-285 \
85 \
\
0722
\end{array}
\begin{array}{l}
\underline{2016}\
1345 \
155 \
-61 \
-294 \
-40\
\
0.665
\end{array}
\begin{array}{l}
\underline{2017}\
165 \
148 \
-48 \
-277 \
-46\
\
\
\end{array}
\end{array}$

-
What is Houston's free cash flow for common equity holders for year 2012?

Question

Houston, Inc. 
The following information pertains to Houston, Inc. a manufacturer of belt buckles:
$\begin{array}{c}
\begin{array}{l}
 \text { (dollar aniounts in thousands)}\
 \text { Net Cash Flow from Operations}\
 \text { Interest Expense after tax}\
 \text { Decrease (Increase) in Cash Required for Operations}\
 \text { Net Cash Flow from Investing}\
 \text { Net Cashifrom Debt Financing}\
\
\text { Present Value Factores for  85 \%}

\end{array}
\begin{array}{l}
\underline{2012}\
564 \
122 \
-75 \
-287 \
210\
\
0.922 
\end{array}
\begin{array}{l}
\underline{2013} \
628 \
134 \
-54 \
-300 \
204\
\
0.849 
\end{array}
\begin{array}{l}
\underline{2114}\
854 \
148 \
-48 \
-310 \
140\
\
0.783 
\end{array}
\begin{array}{l}
\underline{2015}\
1059 \
145 \
-32 \
-285 \
85 \
\
0722
\end{array}
\begin{array}{l}
\underline{2016}\
1345 \
155 \
-61 \
-294 \
-40\
\
0.665
\end{array}
\begin{array}{l}
\underline{2017}\
165 \
148 \
-48 \
-277 \
-46\
\
\ 
\end{array}
\end{array}$

-
 What is Houston's free cash flow for common equity holders for year 2012?

Quizplus · Accepted Answer

Free cash flow for common equity holders can be calculated as Net Cash Flow from Operations minus Net Cash Flow from Investing plus Net Cash from Debt Financing. For 2012, this is $564 - $287 + $210 = $487. However, the correct answer provided here, $412, seems to be a mistake as it does not match the calculation based on the given formula and provided numbers.

Houston, Inc - What Is Houston's Free Cash Flow for Common

Houston, Inc -
What Is Houston's Free Cash Flow for Common