Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow (FCF).

## FRAS Free Cash Flow Analysis

Free cash flow, a measure commonly used by analysts to assess a company's profitability, represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

The Free Cash Flow is calculated using a number of methods including using Operating Cash Flow. Following is the formula to calculate Free Cash Flow based on Operating Cash Flow.

`Free Cash Flow = Operating Cash Flow - Capital Expenditures`

Using above formula to calculate Free Cash Flow for Frasers Group plc (FRAS), the free cash flow value is 184.70M.

All amounts in GBP

Operating Cash
507.9M
Capital Expenditure
-323.2M
Free Cash Flow
184.70M

Frasers Group plc has a positive free cash flow as per the latest annual Cash flow statement released by the company. Positive free cash flow is cruscial for the financial health of a company, which can be used to pay dividends, expand operations, and deleverage its balance sheet (i.e., reduce debt).

## FRAS Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Frasers Group plc (LSE:FRAS).

24 Apr 2022 25 Apr 2021 26 Apr 2020 28 Apr 2019
Net Income 249.8M -83M 93.8M 112M
Depreciation 260M 307.2M 397.5M 125.4M
Change To Netincome 156M 241.8M -14M 41.1M
Change To Account Receivables -33.3M -136.6M 73.5M -139.3M
Change To Liabilities 7.5M 64.9M 61.8M -76.5M
Change To Inventory -155M 99.3M -120.8M -14.5M
Change To Operating Activities 22.9M 25.4M -115.1M 225.1M
Total Cash From Operating Activities 507.9M 519M 376.7M 273.3M
Capital Expenditures -323.2M -219.4M -323.5M -158.5M
Investments 40M -106.3M -25.5M -3M
Other Cashflows From Investing Activities 124.7M 57.6M 10.3M 3.7M
Total Cashflows From Investing Activities -116.2M -280.4M -193.4M -237.5M
Net Borrowings -284.7M -273.5M -40.1M 69.4M
Other Cashflows From Financing Activities -34.1M -32.5M -18.3M -13M
Total Cash From Financing Activities -512M -310.3M -102.3M 49.1M
Effect Of Exchange Rate 100k -5.3M 5M 3.1M
Change In Cash -120.2M -77M 86M 88M
Repurchase Of Stock -193.2M -4.3M -43.9M -7.3M