Why is Tax not deducted in FCFF? When we start the calculation at EBITDA we subtract CAPEX & Change in NWC. Why don't we also subtract the tax we have to pay? To get to the FCFE we then only subtract tax? Why is that the case?
| +121 | AI Creating More Work | 38 | 6h |
| +116 | Is it Bad That I ALREADY Don’t Care? | 32 | 20h |
| +107 | Senior Banker's Guide to IB Recruiting / Group Placement (with a Healthcare Bent) | 16 | 5h |
| +106 | Shit PWP Culture | 79 | 1h |
| +85 | Is pay at BofA really that bad? | 33 | 1h |
| +49 | How easy was recruiting for you? | 26 | 1h |
| +40 | Is the life of a VP at a 'top-bank' really good? | 15 | 1h |
| +38 | 22yo IB Analyst just had mental health breakdown | 12 | 8h |
| +29 | Law school instead of MBA for RX Banking | 5 | 7h |
| +24 | No BB RO 2026 | 6 | 3h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Might want to check on your FCFF formula there
Consequuntur repellendus voluptas voluptatem eos iusto doloribus magni. Quis velit qui est voluptas exercitationem quae est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...