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12 Cards in this Set
- Front
- Back
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OCF (definition)
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Operating Cash flow
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OCF (formula)
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OCF = Earnings before tax (EBIT) + depreciation - taxes
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Net CAPEX (definition)
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Net capital spending
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Net CAPEX (formula)
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Net CAPEX = Ending net fixed assets - beginning net fixed assets + depreciation
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NWC (definition)
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Change in net working capital
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NWC (formula)
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Change in NWC = Ending NWC - Beginning NWC, where NWC = (CA - CL) (current assets - current liabilities)
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Cash flow from assets (formula)
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Cash flow from assets = OCF - Net CAPEX - Change in NWC
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Cash flow to creditors (debt) (formula)
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Cash flow to creditors (debt) = interest paid - Net new borrowing (end LTD (including deferred taxes) - begin LTD (including deferred taxes))
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Cash flow to stockholders (equity) (formula)
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Dividends paid - Net new equity raised (end equity - begin equity)
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Cash flow from assets (formula - related to other formulas)
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Cash flow to creditors (debt) + cash flow to Stockholders (equity)
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Net change in cash over period (formula)
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Net change in cash over period = Net Income + depreciation ± change in current liabilities ± change in current assets (excluding cash) - Net CAPEX + change in LTD (including change in deferred taxes) - Dividends paid + new equity raised
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Statement of Cash Flows (order & signs)
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Net Income
Depreciation (add) Change in CL (add) Change in CA, excl. cash (subtract) Net CAPEX (subtract) Change in LTD, incl. deferred tax (add) Dividends Paid (subtract) New Equity (add) |
