Adjusted Free Cash Flow definition

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.

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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 Committee, solely in its discretion, is permitted to make other adjustments to reflect management’s performance consistent with maximizing shareholder value; provided that such other adjustments shall not reduce the Adjusted Free Cash Flow amount.

• No such interpolation shall occur in the event that Adjusted Free Cash Flow is less than 90% of Target or equal to or greater than 110% of Target.

• For each Performance Year, the Grantee shall be eligible to accrue an award amount (an “Annual Accrued Amount”) equal to (i) one-third of the Target Award Amount (the “Annual Target Amount”) multiplied by (ii) a percentage (the “Performance Multiplier”) based on the Company’s attainment of Adjusted Free Cash Flow targets for such Performance Year, with the Adjusted Free Cash Flow targets to be determined by the Committee no later than March 31 of each such Performance Year.

• The number of PSUs eligible to vest shall be based upon the Company’s achievement of certain Adjusted Free Cash Flow and Adjusted EBITDA objectives (each as defined below) (collectively, the “Performance Objectives”) for the measurement period (the “Measurement Period”) within the performance period (the “Performance Period”), each described below.

• Adjusted Free Cash Flow is the cash flow provided by operating activities of WM for the Performance Period with the following adjustments: i.

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. (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 the Company’s cash flow from operations minus (i) capital expenditures and/or (ii) other unusual or non-recurring items, each as approved by the Committee.

Adjusted Free Cash Flow means non-GAAP net operating cash flows, excluding the impact of settlement processing assets and obligations and acquisition and integration expenses, less capital expenditures and distributions to non-controlling interests.

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 means annual approved STIP adjusted free cash flow for the Performance Period on an attributable basis, as adjusted for metal prices, fuel and exchange rates, one-time adjustments or other items as approved by the Board, to actual adjusted attributable free cash flow, but excluding development capital.

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.