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Just as your pulse is checked during a routine physical, free cash flow is used as an indicator of a company's health. It equals the cash brought in from operations minus the money needed to pay the bills. Think about leftover money in your checking account after you pay this month's bills.
Investors and analysts see this leftover money as a gauge of a company's ability to perform. It is available for transactions such as handing out dividends and working on new products.
Some argue free cash flow is wrongly overshadowed by the emphasis often placed on earnings. Earnings numbers can be manipulated and don't always tell the whole story -- and earnings don't mean much if there's nothing left over after a company pays its expenses. Even if you bring in a six-figure salary, but no money left after paying the bills, are you in great financial shape?
You don't have to be Einstein to figure out free cash flow. To calculate the number, subtract the company's expenditures and dividends from its operating cash flow.
If the free cash flow is written in red ink, it doesn't necessarily signal curtains. This is common for young companies looking to grow. It also could be a result of heavy investments, which in the long run could be worth a standing ovation.
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Monday, June 02, 2008
Carpet and Rug Institute Earns ANSI Certification For Its Green Carpet Testing Programs
Comtex
DALTON, Ga., Jun 02, 2008 (BUSINESS WIRE) ----The Carpet and Rug Institute (CRI) today announced that it is the first organization within the soft floor covering sector to earn accreditation as a certification body for indoor air quality by the American National Standard Institute (ANSI), the premier source for international standardization and conformity assessment.
CRI's Green Label and Green Label Plus programs, which test for and certify low emissions from carpet, carpet cushion and adhesive, comply with the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) Guide 65, General requirements for bodies operating product certification programs.
"CRI is proud to have the first and only ANSI-certified green carpet program in the United States," said CRI President Werner Braun. "We set the standard with the Green Label program, and now we are raising the bar with this prestigious ANSI certification that recognizes best practices for indoor air quality testing and certification.
"Today, indoor air quality is an important environmental consideration, especially since we spend approximately 90 percent of our time indoors," Braun added. "Architects, builders and specifiers can have full confidence that Green Label and Green Label Plus carpet is a desirable, attractive green building product. They can rest assured they are purchasing the very lowest emitting products on the market."
CRI began the ANSI certification process in June 2006, which involved audits of the green carpet programs by Georgia Tech Enterprise Innovation Institute, an ANSI team and CRI's third party indoor laboratory, Air Quality Science of Atlanta. According to ANSI, a certification body is an impartial third party that tests and evaluates a product to determine its compliance with relevant standards.
In 1992, CRI launched the Green Label program to test carpet, cushions and adhesives for low-emitting volatile organic compounds (VOCs). The program was enhanced and named Green Label Plus in 2002 when California's Indoor Air Quality Program and the Sustainable Building Task Force approved Green Label Plus certification in lieu of Section 01350, the low-emitting materials criteria for the Collaborative for High Performance School testing protocols (CHPS). Green Label Plus meets and even exceeds Section 01350 in several respects, including testing annually for specific chemicals, testing for six additional chemicals, maintaining a chain of custody process and performing an annual audit of the testing laboratory.
The Carpet and Rug Institute, headquartered in Dalton, Georgia, is the national trade association for the carpet and rug industry. Its members are manufacturers, suppliers, and service providers, representing more than 90 percent of all carpet produced in the United States. CRI is the source for science-based information and insight into how carpet and rugs can create a better environment - for living, working, learning and healing. www.carpet-rug.org.
SOURCE: Carpet and Rug Institute (CRI)
Carpet and Rug Institute (CRI) Matthew Forke, 202-729-4195 matthew.forke@ogilvypr.com
Copyright Business Wire 2008
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