3 Comments
 

The cash and capex components don't make sense.You're right in that capex doesn't affect net income, but this is implying that they are related. This makes it seem like you get your net income and then you either spend it on capex or keep it as cash which is wrong. Capital expenditures can be whatever the company needs, independant of net income. Your model is also ignoring changes in working capital accounts

I get what you're trying to do I just don't know if its possible to represent it like that.

 

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