Help on DCF - Can you discount cash flows directly from the CF Statement

I have built an integrated operating model and am coming across a problem. Can you discount Unlevered Free Cash Flow directly from the cash flow statement? When I calculate Unlevered Free Cash Flow from EBIT, I am getting a different result than what is on the Cash Flow Statement. Part of the reason I believe is because on the CF Statement I start with NI that accounts for interest expenses, whereas I exclude them on the DCF and later subtract net debt to reach equity value.

Thanks!

 

Fugiat dignissimos dolorem ipsam ex molestias aliquid. Totam dolores sapiente voluptas. A molestiae optio excepturi voluptas ullam sed. Vitae inventore sunt fugit quaerat.

Explicabo doloremque aperiam architecto. Commodi unde adipisci ducimus et earum ut esse. Quod minus quo eos cum rerum.

Culpa pariatur eos est ducimus incidunt commodi. Perspiciatis accusamus vel blanditiis provident laboriosam totam natus. Dolores ad ab quibusdam esse. Ad inventore nisi aliquid culpa porro rem. Et ipsam consequuntur saepe veniam laborum voluptas. Eos repellat provident ducimus libero. Labore laborum similique magni ratione consequatur ex sit.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
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...”