Definition for : Cash flow

Cash flow is financing that is internally generated by the company. Cash flow is equal to EBITDA less net Financial expense less corporate Income tax. Cash flow can also be calculated by adding to Net income Depreciation, Amortisation, and Impairment losses, the net result of asset disposals, and the net result of extraordinary events (see Extraordinary items and Exceptional items).
(See Chapters 5 and 29 of the Vernimmen)
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