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标题: FCFE/FCFF and Capex [打印本页]

作者: therecruit    时间: 2011-7-11 19:46     标题: FCFE/FCFF and Capex

How does Capex relate to FCFE and FCFF? I'm aware FCFF is just NI + NCC + Int(1-t) - FCInv - WCInv, and FCFE is FCFF -Int(1-t) + Net Borrowing. But I've seen EOC problems with Capex given instead and it's throwing me off a bit. Is Capex simply FCInv-Dep or something? Thank you!
作者: madaochenggong    时间: 2011-7-11 19:46

FC Inv = CAPEX - proceeds from sale of asset
作者: bbtomato    时间: 2011-7-11 19:46

and capex = gross ppe end-gross ppe beg




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