Definitions for "Free Cash Flow"
How much money a company could pay shareholders out of profits without expanding, but without running down its existing operations either.... more on: Free Cash Flow (FCF)
Cash flow from operating activity less cash flow from investing activity
Free cash flow represents the potential funds available except for shifts in cash flows. ALSTOM defines free cash flow as « net cash flow provided by (used in) operating activities less capital expenditures, net of proceeds from disposals of property, plant and equipment and increase (decrease) in existing receivables considered as a source of funding in our activity ».