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To: Rascal who wrote (2800)	7/21/2002 12:23:07 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

cash flow is free cash flow, as far as I know... unsure /jw

To: Rascal who wrote (2800)	7/21/2002 1:45:25 PM
From: TimbaBear	Read Replies (1) \| Respond to of 89467

Rascal Is there a difference between cash flow and free cash flow? Typically, when people speak of cash flow, they are referring to the Cash From Operations (CFO) from the statement of cash flows portion of the 10K or 10Q. Free Cash Flow is often calculated by taking CFO and subtracting the amount spent on maintaining and improving Property, Plant and Equipment. This money is referred to as Capital Expenditures or CAPEX. CFO - CAPEX = Free Cash Flow TimbaBear