Many will agree that stock based compensation should be included under financing activities. As you calculate free cash flow you subtract CapEx from operating activities. So if stock based compensation is recorded under operating activities and is responsible for a large part of it, should i just ignore it? I'll use Snowflake (SNOW) as an example. In 2022 its cash flow from operating activities looked like this:

Net income: -679.9

Depreciation & Amortization: 21.

Stock-based Compensation: 605.1

Change in Working Capital: 68.4

Other Non-Cash Items: 95.1

Net Cash Provided by Operating Activities: 110.2

(CapEx): -53.3

Free cash flow: 56.9

So after excluding stock based compensation we have:

Net Cash Provided by Operating Activities: -494.9

CapEx: -53.3

Free cash flow: -494.9

And all of a sudden our company doesn't look that good after all, just by excluding one item that as a matter of fact shouldn't have been there. Maybe I have no idea what I'm talking about, maybe I'm missing something, so please correct me if I'm wrong