Modelling Questions
Can someone please explain how they would show their line items for Annual Cash Flows? Do you show the investment cash flows, operating cash flows, and financing cash flows all in one?
3 main questions on this:
1) Is this how it's shown at your firm, or do you always show operating cash flows first? If so, where/how do you show your other cash flows?
2) When showing your interest, do you show it in both financing and operating cash flows? Because it's normal to show debt obligations below CFO, but you don't show other financing fees like origination and non-utilization fees. Curious on that.
3) Can someone tell me where they put corporate income tax and capital gains tax, for both levered and unlevered income and capital gains? And what is the formula for all four of these?
Ex:
Investment/ Reversion CF
- Purchase Price
- Selling Price
- Selling Costs
Op. CF
- Rev
- OpEx
- CapEx (TIs/ LCs/ CapEx)
CFO
- Interest
- Principle Repayment
CFAF
Financing CF
- Loan Amount
- Origination Fees
- Interest
- Non-Utilization Fees
- Repayment