Discretionary cash flow

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 ?
For the first nine months of 2015, discretionary cash flow was $22,853,000, as compared to discretionary cash flow of $100,079,000, for the first nine months of 2014.
Discretionary cash flow to shareholders represents a return on invested equity when it is:
The Company also announced that its projected full year 2012 Discretionary Cash Flow is estimated at $30 million, or approximately $1.
50 Discretionary Cash Flow Per Share for the third quarter of 2015.
A capitalization rate is the rate of return used to convert estimated 'normalized' discretionary cash flow into value, which assumes that the cash flows will continue into perpetuity.
The table above reconciles discretionary cash flow to net cash provided by or used in operating activities.
Discretionary Cash Flow and Discretionary Cash Flow Per Share are non-GAAP measures calculated using income (loss) from continuing operations adjusted for certain items including depreciation, depletion and amortization, the impact of financial derivatives (mark-to-market effects of financial derivatives, net of cash settlements and premiums paid or received related to these derivatives), transition, restructuring and other non-recurring costs, management and other fees paid to the Sponsors (which ended in 2014), deferred income taxes, non-cash exploration expense, and other non-cash income items.
Discretionary cash flow for the three-month period ended March 31, 2010 totaled $11.
Adjusted EPS, EBITDAX, Adjusted EBITDAX, Adjusted EBITDAX Margin Per Unit, Discretionary Cash Flow, Discretionary Cash Flow Per Share, Cash Operating Costs, and Adjusted Cash Operating Costs have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of our results as reported under U.
Adjusted discretionary cash flow of $172 million decreased 18% from the corresponding 2008 period
Adjusted EPS, EBITDAX, Adjusted EBITDAX, Adjusted EBITDAX Margin Per Unit, Discretionary Cash Flow and Discretionary Cash Flow Per Share have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of our results as reported under U.