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Free Cash Flow
- Seeing Through the Accounting Fog Machine to Find Great Stocks
part of the Wiley Finance series
- Binding:
- Hardback
- Pages:
- 208
- Published:
- March 9, 2009
- Dimensions:
- 238x160x16 mm.
- Weight:
- 418 g.
Delivery:
2-4 weeks
Expected delivery: December 20, 2024
Description of Free Cash Flow
In the not too distant past, GAAP earnings per share was the financial metric of choice of equity investors. Because of increasing problems with accrual accounting, free cash flow has replaced GAAP earnings as the primary financial metric for many professional investors. Free cash flow is defined as operating cash flow minus capital expenditures.
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