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--- invest:finance:fcff [2019/08/24 22:19]
zhwiki [FCFF计算公式]
+++ invest:finance:fcff [2019/09/22 11:20]
zhwiki [FCFF举例]
@@ Line 67: / Line 67: @@
-If we look at Exxon's statement of cash flows, we see that the company had $8.519 billion in operating cash flow (below, in blue). The company also invested in a new plant and equipment, purchasing $3.349 billion in assets (in red). The purchase is a CAPEX cash outlay. During the same period, Exxon paid $300 million in interest subject to a 30% tax rate.
+If we look at Exxon's statement of cash flows, we see that the company had \$8.519 billion in operating cash flow (below, in blue). The company also invested in a new plant and equipment, purchasing \$3.349 billion in assets (in red). The purchase is a CAPEX cash outlay. During the same period, Exxon paid \$300 million in interest subject to a 30% tax rate.
 {{ :invest:finance:xom_cf_march_31_2018_inv-5bfd869dc9e77c0051d9b908-5c5e030846e0fb000158752d.jpg?400 |}}
@@ Line 81: / Line 81: @@
 $$
 \begin{aligned}
-\text{FCFF} &= \$8,519 \text{Million} + (\$300 \text{Million} \times (1 - 0.30 ) ) - \$3,349 \text{Million} \\
+\text{FCFF} &= \$8,519 \text{Billion} + (\$300 \text{Million} \times (1 - 0.30 ) ) - \$3,349 \text{Billion} \\
 &= \$5.38 \text{Billion}
 \end{aligned}

zhwiki