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<a accesskey="3" href="page.php?w=Free_cash_flow&amp;p=2">3.Next</a>
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<p>In <a href="page.php?w=financial_accounting">financial accounting</a>, <b>free cash flow</b> (<b>FCF</b>) or <b>free cash flow to firm</b> (<b>FCFF</b>) is the amount by which a business's <a href="page.php?w=operating_cash_flow">operating cash flow</a> exceeds its working capital needs and expenditures on fixed assets (known as <a href="page.php?w=capital_expenditure">capital expenditure</a>s). It is that portion of cash flow that can be extracted from a company and distributed to creditors and <a href="page.php?w=securities">securities</a> holders</p><p>
<a accesskey="3" href="page.php?w=Free_cash_flow&amp;p=2">3.Next</a>
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