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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
Thursday, May 22, 2008
Cree, Inc. to Webcast Upcoming Conference Presentation
Comtex
DURHAM, N.C., May 22, 2008 (PrimeNewswire via COMTEX) ----Cree, Inc. (Nasdaq:CREE), a market-leading innovator of lighting-class LEDs, LED lighting retrofit solutions, and semiconductor solutions for backlighting, wireless and power applications, today announced it will webcast its upcoming presentation at the Oppenheimer Annual Communications & Technology Conference. John Kurtzweil, executive vice president and chief financial officer, will provide a company overview at the conference on Tuesday, June 3, at 9:10 a.m. ET.
A webcast of the presentation will be available live and by replay. To access both the live and archived webcasts, as well as the slide presentation used during the conference, please go to www.cree.com and click on the Investor Relations link. The archived replay will be available 24 hours after the live presentation and will be accessible for two weeks.
About Cree, Inc.
Cree is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting retrofit solutions, and semiconductor solutions for backlighting, wireless and power applications.
Cree's product families include recessed LED down lights, lighting-class power LEDs, high brightness LEDs, blue and green LED chips, power-switching devices and radio-frequency/wireless devices. Cree solutions are driving improvements in applications such as general illumination, backlighting, electronic signs and signals, variable-speed motors, and wireless communications. For additional product specifications please refer to www.cree.com.
The Cree, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3529
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Cree, Inc.
Cree, Inc. Raiford Garrabrant, Director, Investor Relations 919-313-5397 Fax: 919-313-5615 raiford_garrabrant@cree.com
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
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