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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.
Home / Markets / Industries / Finance
Monday, June 23, 2008
CNA Presents Fresenius Medical Care North America with National Safety Award for 10th Consecutive Year
Comtex
CHICAGO, Jun 23, 2008 (BUSINESS WIRE) ----For the 10th consecutive year, CNA insurance companies presented its Safety in Excellence Award to Fresenius Medical Care North America, the North American subsidiary of Fresenius Medical Care AG & Co. KGaA. CNA's award recognizes a company's national leadership and dedicated commitment to employee health, safety, loss prevention and risk control. For 10 consecutive years, Fresenius has demonstrated significant reductions in employee lost time injury rates.
Held at CNA's home office in Chicago, the award presentation was made by Steve Lilienthal, chairman and chief executive officer, CNA. Lilienthal was joined by Jim Lewis, president and chief executive officer, CNA Property & Casualty Operations; Bill Boyd, senior vice president, CNA Risk Control; Tony De Padua, senior vice president - Underwriting, CNA; and Barbara Marshall, assistant vice president - Underwriting, CNA.
"This marks one full decade in which Fresenius Medical Care North America has received our Safety in Excellence Award," said Lilienthal. "This was an especially tremendous accomplishment and we salute Fresenius for its continued efforts to reduce employee injuries."
Fresenius officials - including Larry Park, vice president of Corporate Health, Safety, Environmental Affairs, Engineering, Security and Risk Management; Ron Kuerbitz, chief administration officer; and Eric Bishop, vice president of Finance & Administration - were on hand to receive the award. George Kuklevsky, managing director, Marsh, was also present to recognize Fresenius' 10-year achievement.
"Without the dedicated efforts of all our employees, this award would not be possible," said Park. "Through their contributions, the entire company has been honored for ten consecutive years in the area of employee health and safety."
Fresenius Medical Care is the world's largest integrated provider of products and services for individuals undergoing dialysis because of chronic kidney failure, a condition that affects more than 1,500,000 individuals worldwide. Through its network of 2,194 dialysis clinics in North America, Europe, Latin America, Asia-Pacific and Africa, Fresenius Medical Care provides dialysis treatment to 169,216 patients around the globe. Fresenius Medical Care is also the world's leading provider of dialysis products such as hemodialysis machines, dialyzers and related disposable products. Fresenius Medical Care is listed on the Frankfurt Stock Exchange (FME, FME3) and the New York Stock Exchange (FMS, FMS/P).
CNA is the country's seventh largest commercial insurance writer and the 13th largest property and casualty company. CNA's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. CNA is a registered service mark, trade name and domain name of CNA Financial Corporation.
SOURCE: CNA
CNA Katrina Parker, 312-822-5167
Copyright Business Wire 2008 ********************************************************************** As of Thursday, 06-19-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 04-02-2008 for CNA @ $27.66. As of Thursday, 06-19-2008 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated an UPTREND on 04-01-2008 for FMS @ $50.43. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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