Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (11192)	11/18/1999 1:49:00 PM
From: KYA27	Read Replies (1) \| Respond to of 21876

Lucent Drip...1888-LUCENT6 Min investment a month $100

To: Techplayer who wrote (11192)	11/18/1999 1:52:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 21876

Thread, Here is my tentative calculation of pre-tax cash flow. It is based On the balance sheets from last quarter's 10-Q and the income statement and balance sheet reported by LU for the quarter ending 9/30 The numbers do not reflect either taxes actually paid or interest paid. Operating Income as Reported* $1,229 Depreciation 171 ----- $1,400 Less <increase> decrease in A/R <952> Contracts in Process 235 Inventories 131 Other Current Assets <415> Estimated capitalized software development costs** <50> Plus increase <decrease> A/P 173 Payroll 299 Post Retirement Benefits <32> Other Current Liabilities <113> ----- Operating Cash Flow $676 Increase in Plant and Equipment <590> ----- Free cash flow before interest and taxes paid $86 ===== * Note that the company expensed $258 MM in merger connected costs How much of that was non-cash (and hence should be added back to operating earnings) is impossible to say because there is no breakdown. We must await LU's SEC filings for that information. ** A bit of a SWAG here. Last year the company averaged around $43 MM per quarter.