本文对银行债权特征对自由现金流约束方面进行了实证分析。
Based on the public data, the paper analyzes the effect of those characteristics and deposit of those free cash flows.
强制披露自由现金流和现金流比率可以使现金流量表更有意义。
Mandatory disclosure of free cash flow and cash flow ratio will be more meaningful.
写出一个一般规则或者程序为决定如何预测股利或自由现金流。
Write down a general rule or procedure for deciding how to forecast dividends or free cash flow.
EADS公司调升了订单，销售，盈利能力和自由现金流的指导价。
EADS lifted its guidance for orders, sales, underlying profitability and free cash-flow.
在以效率为股东创造价值的情形下，此类自由现金流必须支付给股东。
Such free cash flow must be paid out to shareholders if the firm is to be efficient and to maximize value for shareholders.
75美元一磅的铜价在财务报表上反映为Freeport每股十元的自由现金流。
On $3.75 a pound copper my worksheets show Freeport's free cash flow running at $10 a share.
自由现金流为负1.2亿美元，这对公司增加利润，基本上无不良债务。
Free cash flow was negative 120 million USD, which is not bad for a company increasing profits and essentially debt free.
一家公司可以有负值的自由现金流，但是可以发行新股并且仍然支付股利。
A company could have negative free cash flow but sell new shares and still pay a dividend.
总结部门的营运收入和自由现金流不是由一般公认会计原则所界定的金融措施。
Aggregate segment operating income and free cash flow are not financial measures defined by Generally Accepted Accounting Principles.
我们第二季度的业绩强劲，超过我们自己对经营利润收益和自由现金流的预期。
We drove strong results in the second quarter, exceeding our own expectations for operating profit margin gains and free cash flow.
雷瑟夫说，经过努力，我们在今年上半年创造了5.16亿欧元的正自由现金流。
'We managed to generate a positive free cash flow of 516 million for the first half of the year,' Mr. Reithofer said.
第四部分是企业价值评估应用的意义，股权自由现金流贴现模型的应用的再分析。
In the four part, author expounds the meaning of the value evaluation, and then assay the use of the model of FCFE again.
自由现金流是指净收入加上折旧和其他非现金支出，然后减去维持业务所需的资本支出的值。
Free cash flow is net income plus depreciation and other cash charges, minus the capital expenditures necessary to maintain the business.
由此得到的这一“净”指标可被称为自由现金流，它们是可用于支付利息、股息或收购款项的流动资金。
This net figure might be called free cash flow. They are the liquid funds available for interest, dividends or acquisitions.
由于近年来这些公司扣除财务成本的自由现金流一直为负，它们负债累累，并且容易受到股价暴跌的冲击。
Given that free cash flows, after financial costs, have been negative over recent years, they are loading themselves with debt and vulnerable to a slump.
若增加财务灵活性，则会给与管理层更多支配自由现金流的权利，从而可能导致公司价值下降。
Increases in financial flexibility that give managers control over free cash flow may actually cause the value of the firm to decline.
此外，以股票交换债务有助于管理层对付一般性裁员所带来的有组织抵触触发的自由现金流支出。
In addition, the exchange of debt for stock helps managers overcome the normal organizational resistance to retrenchment that the payout of free cash flow often requires.
继承上文财务战略优化动因中财务资金流的提法，文章赋予企业的自由现金流量战略性指标的使命。
Inherit the formulation of the financial funds of the foregoing paragraphs; the article gives the mission of the strategic indexes of cash flow of freedom.
因此，某些收购活动是“自由现金流的代理问题”的解决方案，如多样化方案，便是这一问题的表征。
Thus, some acquisitions are a solution to the agency problem of free cash flow while others, such as diversification programs, are symptoms of those problems.
资本成本将企业赚回自由现金流的能力考虑在内，虽然其瞄准的目标是该企业获得的自由现金流的稳定性和可预测性。
Cost of capital takes into account the ability of the firm to return free cash flows, although it is targeted at its stability and predictability.
杰弗里公司的分析师司各特·慕士金估计，即使面临行业竞争，西夫韦未来5年里每年也都会产生十多亿的自由现金流。
Scott Mushkin, a Jefferies analyst, estimates Safeway will generate more than $1 billion in free cash flow per year for the next five years even if business remains challenging.
“硬件、软件和服务营收以两位数增长，而且我们实现了强劲的利润和自由现金流增长。”IBM首席执行官彭明盛表示。
"Hardware, software and services revenue grew at double digits, and we achieved strong profit and free cash flow growth," said IBM CEO Samuel Palmisano.
英特尔预计，在交易结束后的第一年，此次并购将提高公司的非gaap每股盈利和自由现金流，符合之前的预期。
Intel expects the acquisition to be accretive to non-GAAP EPS and free cash flow in the first full year after close, consistent with prior guidance.
本文对自由现金流的计算、计算方面的注意事项和应用检验三个方面进行了研究，同时对折现率的使用给出了一些建议。
The paper studies the free cash flow from the vision of a project or a company and gives some Suggestions about how to calculate the free cash flow and how to use a discount rate correctly.
如果价格继续下降，或是公司需要增加资本支出并通过收购让公司摆脱困境，沃达丰可能难以长期创造丰厚的自由现金流。
The rich free cash flow that Vodafone generates may not last if prices keep falling and the company has to turn on the capital-spending tap or buy Vodafone out of difficulty.
哈克尔认为，发现资本成本变化的能力将给我们带来卓越的长期投资回报，而不只是企业在某特定季度中自由现金流超过预期的一时惊喜。
Hackel believes the ability to spot changes to cost of capital will bring superior performance over the long term, not a firm's free cash flows exceeding expectations in a given quarter.
哈克尔认为，发现资本成本变化的能力将给我们带来卓越的长期投资回报，而不只是企业在某特定季度中自由现金流超过预期的一时惊喜。
Hackel believes the ability to spot changes to cost of capital will bring superior performance over the long term, not a firm's free cash flows exceeding expectations in a given quarter.
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