...
FCF = OCF + Changes in Fixed Assets = OCF + ( Income from Fixed Assets sold - CAPEX ) |
| or |
FCF = Net Income + Non-Cash Expenses - Increase in Working Capital + Changes in Fixed Assets |
or |
FCF = Total Revenue - COGS - OPEX - Non-Operating Expenses - Interest - Income Tax + Non-Cash Expenses - Increase in Working Capital + Changes in Fixed Assets |
It is one of the most important measures of the Business profitability.
...