** OT **
INTC update:
I just calculated the free cash flow per share for INTC over the last three years
(including taxes paid, but not interest). Here are the numbers:
1998 1997 1996
Op CF $9,191 $10,008 $8,743
Plus:
Prov for Taxes 3,059 3,714 2,777
Less:
Capital Expenditures
<3,557> <3,714> <2,277>
Acquisitions < 906>
Taxes Paid <2,784> <3,305> <2,217>
--------------------------------------------
Free Cash Flow 5,203 5,916 6,279
Basic Share O/S 3,315 3,156 3,284
FCF/share $1.57 $1.87 $1.91
Pretty hard to make the case that this has been a growth company
over the last three years. |
