The following table provides a reconciliation of projected Free Cash Flow to projected net cash provided by operating activities, the most comparable GAAP financial measure:
| (Unaudited) | |||||||
|
Year Ending
December 31, 2023 | |||||||
| (in thousands) | Low | High | |||||
| Net cash provided by operating activities | $ | 117,700 | $ | 125,700 | |||
| Capital expenditures | (9,700 | ) | (9,700 | ) | |||
| Free cash flow | $ | 108,000 | $ | 116,000 | |||
