Free Cash Flow = Net Income + Depreciation & Amortization - Change in Working Capital - Capital Expenditure
Alternatively,
Free Cash Flow = Cash Flow from Operations - Capital Expenditure
Now,
Net Income & Depreciation/Amortization can be found in the Income Statement
Change in Working Capital = Working Capital in the present fiscal year minus Working Capital in the last fiscal year, which can be found in Balance Sheet.
Working Capital = Current Assets - Current Liabilities
Please note that Working Capital is different from Net Current Assets.
Net Current Assets = Current Assets, Loans & Advances - Current Liabilities and Provisions
Current Assets include Inventories, Sundry Debtors, Cash, cash equivalent & Bank balances
Capital Expenditure can be found in Cash Flow Statement under the 'Investing-related activities'. 'Purchase of fixed assets' is one of the examples of CapEx.
Cash Flow from Operations can be found in Cash Flow Statement under the name 'Cash generated for operating activities'
