Adjusted Free Cash Flow means Net Cash Flows from Operating Activities less: purchases of property, plant and equipment, additions to intangible assets, lease payments, net impact of hedge monetization, plus: proceeds from disposal of property, plant, and equipment, cash dividends received from joint ventures, and one-time advisory, bonus and other costs.
Adjusted Free Cash Flow means Adjusted EBITDA, plus or minus changes in current and long-term assets and liabilities, less cash payments for taxes, restructuring and interest. Any reductions in Adjusted Free Cash Flow resulting from transaction costs or financing fees incurred in connection with any Board approved acquisition or refinancing (in each case during the applicable fiscal year) are added back to Adjusted Free Cash Flow, subject to the approval of the Compensation Committee, reasonably and in good faith. The result of the formula in the preceding sentences is then adjusted by the Compensation Committee reasonably and in good faith so as to negate the effects of any dispositions; provided, however, that Adjusted Free Cash Flow resulting from businesses or products lines acquired (in Board approved transactions) during the fiscal year will, to the extent reasonably and in good faith determined by the Compensation Committee to be appropriate, be included in the calculation from the date of acquisition.
Adjusted Free Cash Flow means portfolio free cash flow less net payment of interest and discretionary capital additions. ‘Adjusted gross margin’ means Adjusted Gross Profit, divided by revenue.
Examples of Adjusted Free Cash Flow in a sentence
Grace uses Adjusted Free Cash Flow as a liquidity measure to evaluate its ability to generate cash to support its ongoing business operations, to invest in its businesses, and to provide a return of capital to shareholders.
Adjusted Free Cash Flow should not be understood to represent our ability to fund discretionary amounts, as we have various mandatory and contractual obligations, including debt repayments, which are not deducted to arrive at this amount.
Grace also uses Adjusted Free Cash Flow as a performance measure in determining certain incentive compensation.
The company defines Adjusted Free Cash Flow as Adjusted EBITDA less cash paid for capital expenditures, less cash paid for income taxes, and less cash paid for interest.
Adjusted Free Cash Flow is a financial measure that is not calculated in accordance with GAAP.
More Definitions of Adjusted Free Cash Flow
Adjusted Free Cash Flow or “FCF” means Adjusted EBITDA (see additional discussion of Adjusted EBITDA above under “2021 Consolidated Financial Results”), adjusted for changes in net working capital and reduced by cash payments for capital expenditures. FCF and Adjusted EBITDA are not prepared in accordance with GAAP.
Adjusted Free Cash Flow means net cash provided by or used for operating activities minus capital expenditures, cash paid for restructuring and repositioning, accelerated payments under defined benefit pension arrangements, and expenditures for legacy items.All items to be specified under the definitions listed above shall be so specified by the Committee at the same time the Performance Goals are established for a Performance Period.
Adjusted Free Cash Flow means, as of the end of any fiscal year, an amount equal to (i) the Adjusted Parent Operating Cash Flow for such fiscal year plus (ii) the aggregate amount of Net Cash Proceeds from Covered Asset Sales received by the Borrower and permitted to be retained by the Borrower under the terms of this Agreement during such fiscal year less (iii) the aggregate amount of any Investments (other than Temporary Cash Investments) made in cash by the Borrower during such fiscal year in accordance with the terms of this Agreement, less (iv) the aggregate principal amount of Debt repaid or prepaid with cash by the Borrower during such fiscal year in accordance with the terms of this Agreement, excluding (x) Debt in respect of Revolving Credit Loans and Revolving Letters of Credit (unless the Revolving Credit Commitments are permanently reduced in a corresponding amount in connection with such repayment or prepayment), (y) Debt required to be repaid or prepaid with the Net Cash Proceeds of Asset Sales in accordance with the requirements of Section 2.10(b) and (z) repayments or prepayments of Debt financed by incurring other Debt less (v) the aggregate amount for such fiscal year of Corporate Charges.
Adjusted Free Cash Flow means: Adjusted EBITDA, less (i) cash paid for restructuring charges and capital expenditures, plus or minus (ii) the change in working capital.
Adjusted Free Cash Flow. (a non-GAAP measure) means net cash provided by operating activities (GAAP) less cash capital expenditures, adjusted to exclude certain items management believes affect the comparability of operating results.
Adjusted Free Cash Flow means, in relation to the Financial Group, Adjusted EBITDA, plus or minus changes in working capital of the Financial Group, less capital expenditure of the Financial Group.
Adjusted Free Cash Flow means annual approved STIP adjusted free cash flow for the Performance Period on an attributable basis, as adjusted for metal prices, fuel and exchange rates, one-time adjustments or other items as approved by the Board, to actual adjusted attributable free cash flow, but excluding development capital.