Lesson 7: Free Cash Flow — The Number That Matters Most. FCF = CFO − CapEx. The cash actually available to reward shareholders or pay down debt.
Which cash can actually reward you?
Go with your gut before we build the number step by step.
Assessment
A company wants to pay dividends, buy back shares, or pay down debt. Which money can it truly use for that?
Which pile is really yours? 🤔