| Cash Flow Items ($mn) | Sustainable Level |
|---|---|
| Revenue | 40,000 |
| -
Cost of goods sold |
31,200 |
| -
R&D and Cost of labor |
4,687 |
|
-
Selling, general, and administrative costs Selling & Admin. Costs |
4,952 |
| -
Other |
0 |
| +
Depreciation and amortization Depreciation |
6,107 |
|
=
Earnings before interest, taxes, depreciation and amortization (EBITDA) EBITDA |
5,268 |
|
-
Maintenance capital expenditure Maintenance Cap-Ex |
0 |
|
=
Unlevered cash flow |
5,268 |
|
-
Increases in working capital Increases in working cap. |
2,415 |
|
-
Debt service charges |
182 |
|
-
Cash taxes |
534 |
|
=
Discretionary cash flow |
2,136 |
| POSSIBLY WIDENING THE MOAT: | |
|
-
Growth capital expenditure Growth Cap-Ex |
2,000 |
|
-
Cash spent on acquisitions Acquisitions |
0 |
| -
Other |
0 |
| POSSIBLE SHENANIGANS: | |
| -
Dividends |
0 |
|
-
Share Buybacks |
0 |
| =
FREE CASH FLOW | 2,136 |
* Click on the orange dot above to read additional notes on the items
Last 12 months ending 01/01/1970.
