Discretionary cash flow

(redirected from Discretionary Cash Flows)

Discretionary cash flow

Cash flow that is available after the funding of all positive net present value (NPV) capital investment projects; it is available for paying cash dividends, repurchasing common stock, retiring debt, and so on.

Discretionary Cash Flow

The cash flow available to a company after its capital expenditures have been financed to their net present value and after all liabilities, such as employee wages and others, have been paid. The discretionary cash flow may be used to pay dividends to shareholders, to provide bonuses to executives, or for any number of other purposes.
References in periodicals archive ?
Shareholder value is a function of the amount and timing of discretionary cash flows to the (common) shareholders of a company.
STATEMENT OF OPERATIONS & DISCRETIONARY CASH FLOWS FROM OPERATIONS
We continue to expect strong discretionary cash flows in 2006 and 2007 fueled by 10%-11% production growth.
A discount rate is the rate of return used in a discounted cash flow valuation methodology to convert a series of forecasted discretionary cash flows to present value.
ServiceMaster continues to generate consistent discretionary cash flows, primarily due to modest capital expenditures and working capital usage, which Fitch expects to be utilized toward supporting the company's strategic initiatives.
Best partially attributes this resiliency to the flexibility of UnitedHealth's share repurchase program, permitting redirection of discretionary cash flows as needed.
common shares outstanding - diluted 43,666 33,122 Discretionary cash flow (1) $16,316 $11,396 Adjusted EBITDA (2) $20,298 $17,140 (1) Discretionary cash flows consists of net income excluding non- cash items.
The increased discretionary cash flows combined with proceeds from non-core property sales are enabling Mission to move forward in the fourth quarter on projects originally slated for next year.
Per share amounts related to discretionary cash flows are computed using diluted shares outstanding without giving effect to anti-dilution.
With production now averaging between 66 and 67 MMCFE per day and if the present commodity price environment persists for the balance of 2003, we expect to be profitable for the remainder of the year and anticipate discretionary cash flows in the range of $9 million to $12 million per quarter.
For the first quarter of 2000, discretionary cash flows improved 369% to $6.
While the company is expected to apply meaningful discretionary cash flows to debt reduction, Standard & Poor's also recognizes some potential for moderate investments which could benefit Ethyl's competitive profile.