Net capital expenditures can be calculated by subtracting the operating cash flow and the change in net working capital from the cash flow from assets.
Net capital expenditures = Cash flow from assets - Operating cash flow - Change in net working capital
Net capital expenditures = $3,970,000 - $3,650,000 - $632,000
Net capital expenditures = -$312,000
Corrected Texts:
For 2016, Gowdy Corp. had operating cash flow