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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 / Technology
Wednesday, July 09, 2008
Cirrus Logic Announces Conference Call to Report Q1 FY '09 Results
Comtex
AUSTIN, Texas, Jul 09, 2008 (BUSINESS WIRE) ----Cirrus Logic Inc. (Nasdaq: CRUS) will hold its quarterly conference call to discuss first quarter, fiscal year 2009 financial results on Wednesday, July 23, 2008, at 5:00 p.m. EDT. Cirrus Logic will release the company's financial results at approximately 4:00 p.m. EDT on the same day.
To listen to the live conference call dial 303-205-0066 (Passcode: Cirrus Logic) by 4:50 p.m. EDT on July 23. A replay of the conference call will be available, beginning one hour following the completion of the call, until July 30, 2008. To access the recording, dial 303-590-3000, or toll-free at 800-405-2236 (Passcode: 11117098#). Additionally, the conference call will be webcast live through the investor section of the Cirrus Logic website at www.cirrus.com.
Cirrus Logic Inc.
Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of consumer and industrial markets. Building on its diverse analog and signal-processing patent portfolio, Cirrus Logic delivers highly optimized products for consumer and commercial audio, automotive entertainment and industrial and aerospace applications. The company operates from headquarters in Austin, Texas, with offices in Tucson, Ariz., Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.
Cirrus Logic and Cirrus are trademarks of Cirrus Logic Inc.
SOURCE: Cirrus Logic Inc.
Cirrus Logic Inc., Austin Investor Contact: Thurman K. Case, 512-851-4125 Chief Financial Officer InvestorRelations@cirrus.com
Copyright Business Wire 2008
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