Create an account
NWC=current assets - current liabilities (changes from two balance sheets); CAPEX = gross PP&E changes from two balance sheets.
Free Cash Flow to Equity Holders
FCFE = NI + Depreciation - CAPEX - Increases in NWC + Increases in Long-term Debt
Discretionary Financing Needed (DFN)
DFN = Projected total assets - projected total liabilities - projected owners' equity
Cash Flow from Operations: Indirect method(CFO)
Net Income + Non-cash expense + decrease in operating asset accounts - increase in operating asset accounts + increase in operating liability accounts - decrease in operating liability accounts.
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