The real bottom line investors should care about
Really neat dive into the cash flows. Clean, simple, and sharp.
Great explanation of free cash flow - thank you
Brilliant piece. Thank you!
Great work, thank you!
At the same time, one point for the "What to Watch Out For" session:
1. Proceeds from asset sales are in investing activities, not CFO.
2. If you calculate FCF properly as CFO – CapEx, asset sales should not affect FCF.
3. But if you mistakenly use net CapEx (after deducting asset sale proceeds), then asset sales can artificially inflate FCF and mislead analysis.
Clean, simple, and sharp.
Really neat dive into the cash flows. Clean, simple, and sharp.
Great explanation of free cash flow - thank you
Brilliant piece. Thank you!
Great work, thank you!
At the same time, one point for the "What to Watch Out For" session:
1. Proceeds from asset sales are in investing activities, not CFO.
2. If you calculate FCF properly as CFO – CapEx, asset sales should not affect FCF.
3. But if you mistakenly use net CapEx (after deducting asset sale proceeds), then asset sales can artificially inflate FCF and mislead analysis.
Clean, simple, and sharp.