Getting to LFCF - EBITDA or Net Income
Is there a preferred method of getting to FCF - starting from net income or EBITDA?
In the case that total interest isn't the same as cash interest (e.g. a PIK component) or taxes are different from cash taxes (e.g. NOLs), does that mean we should be starting from EBITDA since the interest/taxes reflected in income statement is different from what we account for to get to LFCF?
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