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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 / Health Care
Sunday, May 11, 2008
Air Methods Corporation Confirms Fatal Accident in Wisconsin
Comtex
DENVER, May 11, 2008 /PRNewswire-FirstCall via COMTEX News Network/ ----Air Methods Corporation (Nasdaq: AIRM), reported today that one of its EC-135 twin-engine helicopters serving the University of Wisconsin Hospitals and Clinics in Madison, Wisconsin crashed Saturday night around 10:30 p.m. CST after delivering a patient to a hospital. The pilot, flight physician, and flight nurse received fatal injuries. The wreckage was found today around 9:15 a.m. CST near La Crosse, WI.
The helicopter was equipped with satellite tracking and disappeared shortly after lifting off following refueling. Senior company officials, Federal Aviation Administration and National Transportation Safety Board (NTSB) representatives have arrived in the area or are in transit. The NTSB is investigating the accident with full cooperation and support from the company.
"We are deeply saddened by the loss of the University of Wisconsin's Med Flight and Air Methods' crew members, and extend our heartfelt condolences to the members of their families and those they served with," said Aaron Todd, chief executive officer of Air Methods Corporation.
CONTACTS: Aaron D. Todd, Chief Executive Officer, (303) 792-7413.
SOURCE Air Methods Corporation
Copyright (C) 2008 PR Newswire. All rights reserved
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