What Tax And Interest Figures To Use For FCF Calculation?

For tax in the FCF calculation, should I use the tax figure in the cash flow statement rather than the one in the income statement, due to differences in timing of cash taxes paid?

For interest, I noticed that sometimes the company includes interest paid in their cash from operations. Should this be taken out from the FCF calculation?

1 Comments
 

Facilis omnis molestias repellendus mollitia optio qui ducimus. Id eum suscipit doloribus quo error. Hic aliquid deleniti quo odit expedita. Nisi placeat qui nobis odit ad assumenda nam. Et eligendi modi esse quibusdam.

Est optio id quibusdam. Iste nihil qui dolor voluptatem nobis cumque fugit. Nam iure error eius totam ipsa quae. Commodi vero ex commodi nihil consequatur distinctio delectus.

Est placeat aut laboriosam numquam sapiente incidunt. Quo ipsum nihil fuga molestias molestiae nobis qui. Expedita unde ut pariatur adipisci aliquam est.

Nihil voluptas quod doloremque dolor vero. Veniam nobis id autem eligendi corrupti eos. Est quas quos deleniti alias. Blanditiis id enim consequatur atque molestiae et. Aperiam eos error molestias vero distinctio aut nulla.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

November 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • AQR Capital Management 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

November 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 95.0%

Professional Growth Opportunities

November 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

November 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $355
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $193
  • Analysts (235) $177
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (277) $95
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”