Workingcapital

Why not subtracting working capital itself instead of changes in working capital in the calculation on the FCF ?

Thanks

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2 Comments

Sil

CD

11y

The way I understand it is when you subtract the increase in working capital, you are accounting for a decrease in cash flow since an increase in working capital means you increased your current assets or decreased your current liabilities, both of which are uses of cash.

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anonymous0520

IB

11y

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