How do you define "Free Cash Flow, " a non-GAAP financial measure, and why do you present it? |
Free Cash Flow is defined as Net Income plus non-cash expenses, less capital expenditures and dividends, with deductions or additions for changes in working capital for the period under consideration. It is a non-GAAP measure that is sometimes used to indicate a company's capacity to make additional investments or to support additional debt under its current operational capacity.
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Aug 13, 2003
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