Adjusted Free Cash Flow means Net Cash Flows from Operating Activities less: purchases of property, plant and equipment, additions to intangible assets, lease payments, net impact of hedge monetization, plus: proceeds from disposal of property, plant, and equipment, cash dividends received from joint ventures, and one-time advisory, bonus and other costs.
Adjusted Free Cash Flow means Adjusted EBITDA, plus or minus changes in current and long-term assets and liabilities, less cash payments for taxes, restructuring and interest. Any reductions in Adjusted Free Cash Flow resulting from transaction costs or financing fees incurred in connection with any Board approved acquisition or refinancing (in each case during the applicable fiscal year) are added back to Adjusted Free Cash Flow, subject to the approval of the Compensation Committee, reasonably and in good faith. The result of the formula in the preceding sentences is then adjusted by the Compensation Committee reasonably and in good faith so as to negate the effects of any dispositions; provided, however, that Adjusted Free Cash Flow resulting from businesses or products lines acquired (in Board approved transactions) during the fiscal year will, to the extent reasonably and in good faith determined by the Compensation Committee to be appropriate, be included in the calculation from the date of acquisition.
Adjusted Free Cash Flow or “FCF” means Adjusted EBITDA (see additional discussion of Adjusted EBITDA above under “2021 Consolidated Financial Results”), adjusted for changes in net working capital and reduced by cash payments for capital expenditures. FCF and Adjusted EBITDA are not prepared in accordance with GAAP.
Examples of Adjusted Free Cash Flow in a sentence
The Awardee shall earn the percentage of the Target Number of Performance Shares that are scheduled to vest in April 2026 (as listed on Exhibit A) by reference to the Adjusted Free Cash Flow achieved for Fiscal Year 2025 (the “FY 2025 Performance Period”) as set forth in the following table.
More Definitions of Adjusted Free Cash Flow
Adjusted Free Cash Flow means portfolio free cash flow less net payment of interest and discretionary capital additions. ‘Adjusted gross margin’ means Adjusted Gross Profit, divided by revenue.
Adjusted Free Cash Flow means: Adjusted EBITDA, less (i) cash paid for restructuring charges and capital expenditures, plus or minus (ii) the change in working capital.
Adjusted Free Cash Flow. (a non-GAAP measure) means net cash provided by operating activities (GAAP) less cash capital expenditures, adjusted to exclude certain items management believes affect the comparability of operating results.
Adjusted Free Cash Flow means net cash provided by or used for operating activities minus capital expenditures, cash paid for restructuring and repositioning, accelerated payments under defined benefit pension arrangements, and expenditures for legacy items.All items to be specified under the definitions listed above shall be so specified by the Committee at the same time the Performance Goals are established for a Performance Period.
Adjusted Free Cash Flow means, as of the end of any fiscal year, an amount equal to (i) the Adjusted Parent Operating Cash Flow for such fiscal year plus (ii) the aggregate amount of Net Cash Proceeds from Covered Asset Sales received by the Borrower and permitted to be retained by the Borrower under the terms of this Agreement during such fiscal year less (iii) the aggregate amount of any Investments (other than Temporary Cash Investments) made in cash by the Borrower during such fiscal year in accordance with the terms of this Agreement, less (iv) the aggregate principal amount of Debt repaid or prepaid with cash by the Borrower during such fiscal year in accordance with the terms of this Agreement, excluding (x) Debt in respect of Revolving Credit Loans and Revolving Letters of Credit (unless the Revolving Credit Commitments are permanently reduced in a corresponding amount in connection with such repayment or prepayment), (y) Debt required to be repaid or prepaid with the Net Cash Proceeds of Asset Sales in accordance with the requirements of Section 2.10(b) and (z) repayments or prepayments of Debt financed by incurring other Debt less (v) the aggregate amount for such fiscal year of Corporate Charges.
Adjusted Free Cash Flow for a Fiscal Year means the Free Cash Flow for such Fiscal Year adjusted by: (i) adding the Excess Cash Flow Split, recalculated using [*] as the Hurdle Rate, for such Fiscal Year (see examples in Exhibit A); and (ii) subtracting 70% of any revenue not attributable to Advisory Fees for such Fiscal Year.
Adjusted Free Cash Flow is, for any period of measurement, the result of (X) (i) Net Income; plus (ii) expenses related to fair market value adjustments on convertible debt; plus (iii) Interest Expense not paid in cash; plus (iv) depreciation and amortization expense; plus (v) provisions for income taxes; plus (vi) non-cash stock compensation expense; plus (vii) other non-cash items reducing Net Income during such period; plus (viii) for the quarterly measurement period ending June 30, 2013, up to Four Hundred Fifty Thousand Dollars ($450,000) for one-time expenses actually incurred by Borrower associated with filings with the SEC and the issuance of convertible debt;