FREE CASH FLOW
\fɹˈiː kˈaʃ flˈə͡ʊ], \fɹˈiː kˈaʃ flˈəʊ], \f_ɹ_ˈiː k_ˈa_ʃ f_l_ˈəʊ]\
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A CASH FLOW computation that is based on OPERATING CASH FLOW, less cash allocated to new and replacement ASSETS; alternatively it is net operating income less the REPLACEMENT COST for depreciated assets, less new investments. The resulting figure is generally considered to be an accurate reflection of a company
By Henry Campbell Black
