Free Cash Flow (FCF) Formula
Free Cash Flow = NI - CE - IWC + NCE
Where,
NI is Net Income
CE is Capital Expenditures
IWC is Increase in Working Capital
NCE is Non-Cash Expenses
Free Cash Flow = NI - CE - IWC + NCE
Where,
NI is Net Income
CE is Capital Expenditures
IWC is Increase in Working Capital
NCE is Non-Cash Expenses