The Ultimate Guide to Free Cash FlowRead More »
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The Ultimate Guide to Free Cash Flow
Views: 163 Earnings are an opinion. Cash is a fact. And free cash flow is the fact that matters most. Every quarter, publicly traded companies report their earnings per share, and every quarter, financial media treats that number as the definitive verdict on corporate health. Stocks surge or collapse in the hours after earnings announcements. Analysts revise their models. Investors update their convictions. And yet the number driving all of this activity — net income, as reported under generally accepted accounting principles — is among the most malleable figures in all of finance. It can be shaped by depreciation schedules, …
