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Stage 14 · Lesson 7 / 10
Free Cash Flow — The Number That Matters Most
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01 / 05

Free Cash Flow — The Number That Matters Most

Coach Chad, thinking

Lesson 7: FCF = CFO − CapEx. The cash actually available to reward shareholders or pay down debt.

Which cash can actually reward you?

A company wants to pay dividends, buy back shares or cut debt. Which money can it really use?