Trending Content - Job Search Advice Forum
Career Resources
WSO Free Modeling Series - Now Open Through
October 31, 2026
9 Free Financial Modeling Lessons
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.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
.
EBIAT? Earnings before interest and tax? (EBIT) or Earnings before interest amortization and tax?
EBIAT - Earnings Before Interest After Taxes
are you adding back any abnormal expenses/income. Tax rate can also make a difference. Is the tax rate the effective rate or the marginal rate.
Well does operating cash flow - capex give you the Bloomberg number? If it does, then you are probably not adding back any of the non-cash items flowing through the PnL
could it be that you are calculating unlevered FCF and they are calculting levered? Check that.
OP,
Been looking at it and it's weird, the difference of magnitude between FCFE and FCFF is pretty big... However, they did raise a huge amount of LT debt (a few lines up).
Bloomberg number for FCFE is off; it should be lower than FCFF to reflect higher interest expense associated with their total debt.
OCF - capex is not really used in banking as a true measure of FCF.
Delectus aut tempore quis nesciunt et. Corporis cumque iusto tempora hic atque nihil.
Iure est non dolor quis non. Sit qui est sed fuga corrupti.
Debitis tempora ab quod praesentium inventore sequi enim. Quia perferendis rem quia voluptates fuga aut. Expedita quidem reprehenderit eligendi corrupti fuga maxime ut. Rem dolore tempora dolores laboriosam ut. Eveniet voluptatum omnis eum culpa quibusdam dolorum. A est sint repellat asperiores.
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...