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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, July 24, 2008
Golfsmith Announces Earnings Release Date and Webcast for Second Quarter Fiscal 2008 Financial Results
Comtex
AUSTIN, Texas, Jul 24, 2008 (BUSINESS WIRE) ----Golfsmith International Holdings, Inc. (NASDAQ:GOLF) today announces that it plans to release its second quarter 2008 financial results after the market close on Tuesday, August 5, 2008. Golfsmith will host a quarterly results conference call at 3:30 p.m. Central Time/4:30 p.m. Eastern Time.
The call will be simulcast over the Internet at www.streetevents.com and http://investors.golfsmith.com in the Investor Relations section. Martin Hanaka, chairman and chief executive officer, and Virginia Bunte, chief financial officer, will discuss second quarter 2008 financial results and the company's business outlook.
A replay will be available after the call at the same two websites listed above or by calling 888-286-8010 (U.S.) or 617-801-6888 (international) and entering passcode 13485454. These replays will be available through August 12, 2008.
About Golfsmith International Holdings, Inc.
Golfsmith International Holdings, Inc. (NASDAQ:GOLF) is a 40-year-old specialty retailer of golf and tennis equipment, apparel and accessories. The company operates as an integrated multi-channel retailer, offering its guests the convenience of shopping in its 72 stores across the United States, through its Internet site at www.golfsmith.com and from its assortment of catalogs. Golfsmith offers an extensive product selection that features premier-branded merchandise, as well as its proprietary products, clubmaking components and pre-owned clubs.
Cautionary Language
Certain statements made in this news release are forward-looking in nature and, accordingly, are subject to risks and uncertainties. These forward-looking statements are only predictions based on our current expectations and projections about future events. Important factors could cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, those discussed in our form 10-K, filed March 6, 2008 and in our Registration Statement on Form S-1, filed on June 1, 2006 under the caption "Risk Factors."
SOURCE: Golfsmith International Holdings, Inc.
Investor Relations inquiries: ICR Joseph Teklits/Jean Fontana 203-682-8200 www.icrinc.com
Copyright Business Wire 2008
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