RMontgomery

hm could be. Who knows. I pray they just give us GPPE and that it. Please. Please.

Good luck

yodacaia

rambda....

im a little confused by your signs....

shouldnt it be Beg NPPE -Dep + FCInv -(Proceeds of sales - BV assets sold) = Ending NPPE?

busterbluth

^^ and remember there is no tax benefit on preferred dividends...

iteracom

If ur calculating FCFF = + preferred div

FCFE = - Preferred dividend

however if your starting from FCFF , FCFE = - 2(preferred div)

bolligerallstar

Unless the question reports Net PP&E, assume it's GROSS PP&E...

ninja1024

WC = CA - CL

NWCInv = WC1 - WC0 = (CA1 - CL1) - (CA0 - CL0) = (CA1 - CA0) - (CL1 - CL0)

Exclude cash/equivalents from CA and short term debt/notes payables/current portion of LTD from CL.

liquidity

I would add:

Amortization of bond discounts/premiums and Restructuring Charges to NCC

and, the tricks around converting from EBITDA, EBIT, etc.

also, here's (I think) a better way too look at Net PPE that has the different effects. Pls double-check the signs, but I think it's a keeper:

Beginning Net PPE - Depreciation + FCInv(solve) + Proceeds from PPE Sales - Book Value of Assets sold = Ending Net PPE

smuggycfa

wondering about this:

FCInv = Gross PPE (t) - Gross PPE (t-1)
FCInv = Net PPE (t) - Net PPE (t - 1) + Depreciation (t)

how do you know if what you're being provided is the gross or the net? may sound like a dumb question, but on the mock, I first used the bottom formula (adding depreciation), and didn't get an answer that was valid. Then I used the top one, and got one, so I picked it. I don't really want to be dicking around with that on game day