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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
Conference Call and Webcast Alert: Atwood Oceanics, Inc.
Comtex
HOUSTON, July 9, 2008 /PRNewswire-FirstCall via COMTEX/ ----Atwood Oceanics, Inc. (NYSE: ATW) announced today that it would hold its conference call and webcast in conjunction with its Fiscal 2008 Third Quarter earnings release. The Company's conference call/webcast is scheduled for Friday, August 8, 2008. The earnings announcement is scheduled to be released Thursday, August 7, 2008.
You are invited to listen to its conference call that will be broadcast live over the Internet at 11:00 A.M. ET, Friday, August 8, 2008 with John Irwin, President and CEO and Jim Holland, Senior Vice President and CFO.
What: Atwood Oceanics, Inc.'s Fiscal 2008 Third Quarter Earnings Release When: 11:00 A.M. ET (10:00 a.m. CT), Friday, August 8, 2008
Where: http://phx.corporate-ir.net/phoenix.zhtml?p=irol- eventDetails&c=115338&eventID=1896436
Dial In: 1-800-862-9098 Conference ID#: ATWOOD Contact: Jim Holland, Senior Vice President and CFO 281-749-7804
Atwood Oceanics, Inc. is engaged in the business of international offshore drilling of exploratory and developmental oil and gas wells and related support management and consulting services. The Company currently owns and operates a modern fleet of eight mobile offshore drilling units.
Some of the matters that will be discussed in the Conference Call on August 8, 2008 will be forward-looking statements, based on current expectations, that involve risks and uncertainties that could cause the Company's actual future activities to be materially different from those that will be suggested or discussed in the Conference Call. If you are unable to participate during the live webcast, the call will be archived for 30 days on the website http://www.atwd.com.
SOURCE Atwood Oceanics, Inc.
http://www.atwd.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Saturday, 07-05-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 05-16-2008 for ATW @ $108.53. 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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