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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
Fiserv to Release Second Quarter 2008 Earnings and Host Webcast on July 29, 2008
Comtex
BROOKFIELD, Wis., Jul 09, 2008 (BUSINESS WIRE) ----Fiserv, Inc. (NASDAQ:FISV) will announce its second quarter earnings for 2008 after the close of regular market trading on July 29, 2008. The company will also provide a live broadcast of its earnings conference call over the Internet at 4 p.m. CDT on July 29, 2008.
The live Webcast and archived replay can be accessed on the Fiserv Web site at www.fiserv.com. Those wishing to listen to the Webcast discussion should log on ten minutes before the start of the call. An archive of the call will be available beginning approximately one hour after the call concludes.
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ:FISV), a Fortune 500 company, provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing (BPO), software and systems solutions. Headquartered in Brookfield, Wis., the company serves more than 21,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv reported nearly $4 billion in total revenue from continuing operations for 2007. For more information, please visit www.fiserv.com.
FISV-E
SOURCE: Fiserv, Inc.
Fiserv David Banks Vice President Investor Relations 262-879-5055 David.banks@fiserv.com or Lori Stafford Assistant Vice President Corp. External Comm. 262-879-5130 Lori.stafford@fiserv.com
Copyright Business Wire 2008
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