Problem
1. How much cash flow did Johnson Control's earn in 2022 from its daily operations?
2. Given the information provided in the statement of cash flows, does it appear that Johnson engages in earnings management? How can you tell?
3. What are capital expenditures, and why are they important?
4. How much free cash flow do you believe Johnson Controls generated in 2022?
5. Why is free cash flow relevant to analysts and investors instead of net income?