Analyzing Statements of Cash Flows II

Free CFA Level I lesson in Financial Statement Analysis. 14 min read, ~2,026 words.

Common-size CFS: divide every line by revenue (preferred), or express each inflow as a percent of total inflows and each outflow as a percent of total outflows. FCFF = NI + NCC + Int(1 − t) − FCInv − WCInv, or equivalently CFO + Int(1 − t) − FCInv (US...

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