Free Cash Flow

Example Definitions of "Free Cash Flow"
Free Cash Flow. (k) "Free Cash Flow" means the Company's "Net Cash Provided by Operating Activities" (as stated in the Company's Consolidated Statement of Cash Flows) reduced by capital expenditures and cash paid for intangible assets, and adjusted for any amounts related to certain nonoperating items, net of estimated tax benefits (such as income taxes on investment sales, and nonrecurring payments related to income taxes and litigation contingencies of acquired companies), provided that adjustments to "Net... Cash Provided by Operating Activities" applied to determine "Free Cash Flow" for each year shall be determined consistently with the Company's reconciliations of "Free Cash Flow" to the Company's "Net Cash Provided by Operating Activities" for the Company's calendar years ending December 31, 2006, December 31, 2007 and December 31, 2008 as reflected on Forms 8-K filed by the Company on February 1, 2007, February 14, 2008 and February 18, 2009, respectively, such that the "Free Cash Flow" for each year beginning after 2008 and ending before [Year 6] shall be determined on the same basis as for the Company's calendar years ending December 31, 2006, December 31, 2007 and December 31, 2008 and that the comparison of "Free Cash Flow" for a year to "Free Cash Flow" for the immediately preceding year is determined to ensure comparability between amounts in the prior calendar year and the year to which the performance condition applies and without regard to extraordinary items or items unrelated to the Company's operations. In the event there is a significant acquisition or disposition of any assets, business division, company or other business operations of the Company that is reasonably expected to have an effect on Free Cash Flow, the Committee shall adjust the First Tier Goal and the Second Tier Goal to take into account the impact of such acquisition or disposition by increasing or decreasing such goals in the same proportion as Free Cash Flow of the Company would have been affected for the prior calendar year on a pro forma basis had such an acquisition or disposition occurred on the same date during the prior calendar year. Such adjustment shall be based upon the historical equivalent of Free Cash Flow of the assets so acquired or disposed of for the prior calendar year, as shown by such records as are available to the Company, as further adjusted to reflect any aspects of the transaction that should be taken into account to ensure comparability between amounts in the prior calendar year and the year to which the performance condition applies. View More
Free Cash Flow. (k) "Free Cash Flow" means the The Company's "Net Cash Provided by Operating Activities" (as stated in the Company's Consolidated Statement of Cash Flows) reduced by capital expenditures and cash paid for intangible assets, and adjusted for any amounts related to certain nonoperating items, net of estimated tax benefits (such as income taxes on investment sales, and nonrecurring payments related to income taxes and litigation contingencies of acquired companies), provided that adjustments to... "Net Cash Provided by Operating Activities" applied to determine "Free Cash Flow" for each year shall be determined consistently with the Company's reconciliations of "Free Cash Flow" to the Company's "Net Cash Provided by Operating Activities" for the Company's calendar years ending after December 31, 2006, December 31, 2007 and December 31, 2008 2005 as reflected on Forms 8-K (with the exhibit that contains the press release that announces the Company's earnings and other financial results for the preceding calendar year) filed annually thereafter by the Company on February 1, 2007, February 14, 2008 and February 18, 2009, respectively, Company, such that the "Free Cash Flow" for each year beginning after 2008 and ending before [Year 6] 2015 shall be determined on the same basis as for the Company's calendar years ending after December 31, 2006, December 31, 2007 and December 31, 2008 2005, and that the comparison of "Free Cash Flow" for a calendar year to "Free Cash Flow" for the immediately preceding calendar year is determined to ensure comparability between amounts in the prior calendar year and the year to which the performance condition applies and without regard to extraordinary items or items unrelated to the Company's operations. In the event there is a significant acquisition or disposition of any assets, business division, company or other business operations of the Company that is reasonably expected to have an effect on Free Cash Flow, the Committee shall adjust the First Tier Goal and the Second Tier Performance Goal to take into account the impact of such acquisition or disposition by increasing or decreasing such goals Performance Goal in the same proportion as Free Cash Flow of the Company would have been affected for the prior calendar year on a pro forma basis had such an acquisition or disposition occurred on the same date during the prior calendar year. Such adjustment shall be based upon the historical equivalent of Free Cash Flow of the assets so acquired or disposed of for the prior calendar year, as shown by such records as are available to the Company, as further adjusted to reflect any aspects of the transaction that should be taken into account to ensure comparability between amounts in the prior calendar year and the year to which the performance condition applies. View More
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Free Cash Flow. (iii) the aggregate principal amount of any repayments of Indebtedness by the Borrower during such period (other than (1) mandatory prepayments of the Loans, pursuant to Section 2.12, with the Net Cash Proceeds of any Disposition by any Subsidiary of any Property, to the extent such mandatory prepayments are funded with distributions excluded from Free Cash Flow pursuant to subclause (x) of clause (a) above in this definition and (2) prepayments of Tranche B Term Loans as provided in the First... Amendment). View More
Free Cash Flow. As to any Performance Period, the Company's earnings before interest, taxes, depreciation and amortization (EBITDA), determined in accordance with generally accepted accounting principles
Free Cash Flow. As to any Performance Period the combination of cash provided by (used in) operations of the Company and cash provided by (used in) investing activities of the Company, in each case determined in accordance with GAAP
Free Cash Flow. Cash flow from operations less capital expenditures
Free Cash Flow. Cash flow from operations minus net capital expenditures, excluding acquisitions.
Free Cash Flow. As to any Performance Period, the Company's Operating Cash Flow less cash used for purchases of property and equipment, and capitalized software development costs
Free Cash Flow. Means cash from continuing operations less capital expenditures.
Free Cash Flow. As of any Measurement Date, (i) the Company's Cash from Operations, plus (ii) Sale Leaseback Proceeds, less (iii) Capital Expenditures. For the avoidance of doubt, any cash savings realized by the Company as a result of the modification or waiver of the terms of the Company's loans under its $525 million Term Loan Facility or 11% senior notes due 2019, in each case held by affiliates of the Company, shall not be included in the calculation of Free Cash Flow. Free Cash Flow shall be determined... based on the six month period prior to and including the Measurement Date, provided that with respect to the Measurement Date that is the last day of fiscal year 2017, Free Cash Flow shall be determined based on the twelve month period prior to and including such date. View More
Free Cash Flow. Shall mean, for the Borrower and its Subsidiaries, for any Fiscal Quarter, (a) Consolidated EBITDAX for such Fiscal Quarter minus (b) the increase (or plus the decrease) in non-cash working capital (excluding, for the avoidance of doubt, non-cash assets and non-cash obligations in each case under ASC 815) from the preceding Fiscal Quarter minus (c) the sum, in each case without duplication, of the following amounts for such Fiscal Quarter: (i) the aggregate amount of all voluntary, mandatory... and scheduled cash repayments of Indebtedness by the Borrower or any of its Subsidiaries (other than the Indebtedness created pursuant to the Loan Documents or to the extent any such repayment is funded or financed with net cash proceeds from an issuance of Capital Stock) which cannot be reborrowed pursuant to the terms of such Indebtedness, (ii) the aggregate amount actually paid by the Borrower or any of its Subsidiaries in cash during such Fiscal Quarter on account of capital expenditures (other than to the extent any such amounts are funded or financed with net cash proceeds from an issuance of Capital Stock), (iii) Consolidated Interest Expense paid in cash during such Fiscal Quarter by the Borrower or any of its subsidiaries, (iv) income taxes paid in cash during such Fiscal Quarter by the Borrower or any of its Subsidiaries, (v) exploration expenses paid in cash during such Fiscal Quarter by the Borrower or any of its Subsidiaries (other than to the extent any such amounts are funded or financed with net cash proceeds from an issuance of Capital Stock), (vi) other Restricted 1Payments paid in cash such Fiscal Quarter (other than restricted payments of Available Free Cash Flow), and (vii) to the extent not included in the foregoing and added back in the calculation of Consolidated EBITDAX, any other cash charge during such Fiscal Quarter that reduces the earnings of the Borrower and its Subsidiaries. View More
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