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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
Friday, May 16, 2008
eDOORWAYS - Form 10KSB Has Been Filed Today
Comtex
HOUSTON, May 16, 2008 (BUSINESS WIRE) ----In compliance with FINRA and the SEC, eDOORWAYS Corporation (OTCBB:EDWY) has filed its annual report, form 10KSB for 2007. The company has traded the past 30 days with an "E" attached to its trading symbol due to delinquency. Today's current filing should return the company's ticker back to normal.
"We apologize to our investors for the late filing," said Gary Kimmons, eDOORWAYS' CEO. "Our shareholders deserve timely and accurate reports from us. While our delay was unforeseen, we want to make sure that this does not happen again. The good news is that we are making sound business progress which is reflected in our report."
According to executives, the company never deviated from course. During the past few weeks, eDOORWAYS has acquired new executive talent and managed to garner the attention of financial suitors. The company has also engaged additional professional service providers and has maintained strict developmental timelines regarding its launch. Additionally, in the works are plans for a video production which will provide the public with a sneak preview demonstration of eDOORWAYS in action.
As a result of today's filing, it is expected that the "E" will be retracted from the company's symbol. Evidence of an "E" removal is reported on the NASD's Daily List. There is generally lag time between when a filing is complete and the removal of the "E" becomes effective. Due to the current filing, the company is optimistic that it will be trading under its normal symbol (OTCBB:EDWY) in a few days.
About eDOORWAYS Corporation
For more information on eDOORWAYS Corporation and/or the "eDOORWAYS" initiative, please e-mail a package request at info@edoorways.com or call (832) 284-4276.
Safe Harbor
Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: eDOORWAYS Corporation
eDOORWAYS Corporation Renee Ethridge, 832-284-4276 reneee@edoorways.com
Copyright Business Wire 2008
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