FCF - is it CFO + CFI + Interest Expense, or CFO + CFI + CASH Interest Expense

Unlevered Free Cash Flow - is it CFO + CFI + Interest Expense, or CFO + CFI + CASH Interest Expense

CFO takes the amort/discount into account - but if adding back to approximate FCF I think it should be Cash Interest expense, just confirming...

 

Cash interest expense rather than interest expense.

If the company has a PIK note outstanding, the PIK interest is included in interest expense, even though there is no cash payment.

Those who can, do. Those who can't, post threads about how to do it on WSO.
 

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