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So how does Alliance define "cash earnings"?
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The company defines cash flow as earnings before interest, taxes, depreciation, amortization and other items.
He defines cash flow as net income plus depreciation, minus repairs and maintenance expenses.
It takes a bit more time, but we believe the benefits of risk management and having a defined cash flow is well worth it.
Criterion Research, a financial statement analysis firm in New York City, defines cash earnings as operating cash flow plus the effect of investments like capital expenditures and acquisitions (such as the repurchase of franchise agreements by Krispy Kreme).
Like the Wisconsin Congressman, he'd give all seniors a defined cash contribution to choose among private insurance options.
We then define excess cash as cash holdings net of predicted cash holdings from model (1).
We asked Barr Rosenberg Investment Management to list a few smaller Japanese stocks selling at 50% or less of their net cash, defined as cash less all liabilities.
With net margins topping 30% and little long-term reinvestment needs, Western Union converts an impressive 20% of its sales into free cash flow (we define free cash flow as net income plus depreciation less capital expenditures).
Cash flow (defined as cash coming in versus cash going out) turned alarmingly negative it was minus $2.3 billion in the first half of 1999.
We define excess cash flow here as cash from operations minus capital expenditures and dividends paid.
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