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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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Tuesday, July 01, 2008
Comcast Named a Best Company to Work For in Washington State
Comtex
SEATTLE, July 1, 2008 /PRNewswire-FirstCall via COMTEX/ ----Washington CEO Magazine has named Comcast among the Best Companies to Work For in Washington, the company announced today.
Comcast, Washington's leading provider of cable, entertainment and communications products and services, ranked first among telecom companies and second among all large companies with 500 or more employees in the state. This year marked the second year in a row Comcast ranked among the best companies to work for in the state.
"We are pleased the rest of the state is discovering what our employees have known all along -- Comcast is a great place to work and build a career," said Len Rozek, senior vice president for Comcast's Washington market. "Comcast is unique among large corporations, because it retains the same small company atmosphere and family culture that it had when the company was founded more than 40 years ago."
Among the items Washington CEO Magazine said made Comcast stand out among its peers were: its virtual customer account executive work program allowing high-performing employees to work from home; a benefits package that includes tuition reimbursement; and, a dedicated training program called Comcast University. The magazine's judging panel also noted Comcast Cares Day, a company-wide day of service in which more than 2,000 local employees volunteer in communities across the state.
Washington CEO Magazine handed out its 18th annual 'Best Companies to Work For' awards after a panel of human resources professionals reviewed the responses from over 17,000 employee surveys from nearly 200 companies from around the state. The judges then reviewed the top-scoring companies from the employee surveys and picked winners in four categories (nonprofits, small, medium and large companies).
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA, CMCSK) is the nation's leading provider of entertainment, information and communications products and services. With 24.7 million cable customers, 14.1 million high-speed Internet customers, and 5.2 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.
Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, ten Comcast SportsNet networks and Comcast Interactive Media, which develops and operates Comcast's Internet business. Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.
Comcast operates 15 offices throughout the state of Washington, serving more than 1.2 million customers and employing 3,200 people.
MEDIA CONTACT: Shauna Causey Comcast 425-471-1964 Shauna_Causey@cable.comcast.com
SOURCE Comcast Corporation
http://www.comcast.com
Copyright (C) 2008 PR Newswire. All rights reserved
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