Free cash flow: Free cash flow represents operating cash flow
less capital expenditures.
The analyst noted operating cash flow
was negative, at -$208 million, versus DA Davidson's estimate of -$189 million.
Operating cash flow
from continuing operations for the second quarter 2019 was $823 million compared to $1,156 million for the second quarter 2018.
The operating cash flow
, which adjusts accrual accounting to cash basis, is seen as a safer alternative to net income because there is less room for management to manipulate the figures.
Free cash flow (FCF) will still be generally negative, but some improvements are likely as we expect higher operating cash flow
and slightly lower capex.
According to the demand, Viking Acquisitions Corp claims that the calculation of Tecnotree's operating cash flow
should be adjusted to certain pledged receivables received in the past.
For that, I estimate two ordinary least squares (OLS) regressions designed to explain current operating cash flow
as a function of last-period earnings.
This noncash compensation expense, net of the increase in the deferred tax asset, increases operating cash flow
relative to net income.
* NBCUniversal Revenue Increased 11.0% and Operating Cash Flow
Increased 13.8% 4th Quarter 2016 Highlights:
In addition, the Company reported operating cash flows
in 2015 in the amount of USD7.4 million and declared a dividend of USD0.5 million and is considering distributing an additional dividend of USD0.5 million during the current year.
Capital intensive firms are characterized by having significant capital investment leading to substantial depreciation expense, hence Operating cash flow
(OCF) is 275% of Net income (significantly different at the 1% level), but only 202% of Net Income for non-capital intensive firms (significantly different at the 5% level).