Operating Free Cash Flow definition

Operating Free Cash Flow means our annual net income before interest, income taxes, depreciation and amortization, stock-based compensation, restructuring charges and benefits, certain gains and losses on equity investments, and similar items excluded by us in determining “Adjusted EBITDA” in issuing our public earnings announcements; less annual capital expenditures, which include purchases of property and equipment and capitalized internal-use software, but excludes capitalized stock-based compensation and interest expense, as reported by us in our earnings announcements supplemental financial data; adjusted for the impact of foreign currency exchange rates.

Operating Free Cash Flow means EBITDA from continuing operations adjusted for items with no cash flow effect, pension contributions, payments related to provisions, changes in net working capital and cash flow related to capital expenditure (excluding items relating to mobile licenses). All items exclude special items. “Operating free cash flow” is not a recognized measure in accordance with IFRS and, as defined by TDC, may not be consistent with similarly named measures used by other companies.

Operating Free Cash Flow. ’ means EBITDA minus/plus income and expenses from the disposal of non-current assets, plus/minus non-cash income and expenses, plus/minus cash changes in trade and other working capital.

Examples of Operating Free Cash Flow in a sentence

• For the year ended December 31, 2018, the sum of Telenet's Adjusted EBITDA and accrued capital expenditures, excluding the recognition of football broadcasting rights and mobile spectrum licenses, yielded an Operating Free Cash Flow of €669.9 million.

• Compared to the year ended December 31, 2017, Telenet's Operating Free Cash Flow improved 15% and was mainly driven by the aforementioned increase in Telenet's Adjusted EBITDA.

• As we define the term, Adjusted EBITDA less property & equipment additions has the same meaning as Operating Free Cash Flow had previously, and therefore does not impact any previously reported amounts.

• Operating Free Cash Flow renamed into Adjusted EBITDA less property & equipment additions: Effective with the release of our Q3 2021 earnings, we have stopped using the term Operating Free Cash Flow and now use the term "Adjusted EBITDA less property & equipment additions".

• A performance range of 50% to 122% of the target Operating Free Cash Flow would generally result in award recipients earning 50% to 150% of their 2019 Telenet Performance Shares, subject to reduction or forfeiture based on individual service requirements.

• For the six months ended June 30, 2019, the sum of Telenet's Adjusted EBITDA and accrued capital expenditures, excluding the recognition of football broadcasting rights, yielded an Operating Free Cash Flow of€398.3 million.

• Reconciliation between adjusted EBITDA and Operating Free Cash Flow.

• The performance target applicable to the 2019 Telenet Performance Shares is the achievement of an Operating Free Cash Flow (OFCF) CAGR (under US GAAP), when comparing the Operating FreeCash Flow during the period started as of January 1, 2019 and ending on December 31, 2021 to the Operating Free Cash Flow for the period started on January 1, 2018 and ended on December 31, 2018.

• As announced at the occasion of the December 2018 Capital Markets Day, we aim to deliver sustainable profitable growth over the 2018-2021 period, targeting a healthy Operating Free Cash Flow CAGR(a) of 6.5 to 8.0% over the next three years (excluding the recognition of football broadcasting rights and mobile spectrum licenses, and excluding the impact of IFRS 16 on our accrued capital expenditures).

• Compared to the six months ended June 30, 2018, Operating Free Cash Flow improved 16% and was mainly driven by a 12% reduction in accrued capital expenditures (excluding the recognition of football broadcasting rights) and the aforementioned increase in Adjusted EBITDA.

More Definitions of Operating Free Cash Flow

Operating Free Cash Flow means EBITDA, adjusted for working capital movements less additions to property, plant and

Operating Free Cash Flow means net income (loss) plus interest plus depreciation and amortization plus share based compensation plus deferred income taxes plus any other non-cash items plus change in operating assets and operating liabilities plus deferred revenue plus net capital expenditures.

Operating Free Cash Flow means our annual net income for fiscal year 2013 before interest, income taxes, depreciation and amortization, equity-related compensation expense, restructuring charges and benefits, certain gains and losses on equity investments, and similar items excluded by the Company in determining EBITDA in issuing our earnings announcement for fiscal year 2013 less annual cash capital expenditures, which include purchases of property and equipment and capitalized internal-use software but exclude capitalized stock-based compensation, as reported by us in our earnings announcement supplemental financial data for fiscal year 2013.

Operating Free Cash Flow means our consolidated cumulative net income before interest, income taxes, depreciation and amortization, equity-related compensation expense, restructuring charges and benefits, certain gains and losses on equity investments, and similar items excluded by us in determining adjusted EBITDA less annual cash capital expenditures, which include purchases of property and equipment and capitalized internal-use software but exclude capitalized stock-based compensation, adjusted for the impact of fluctuations in foreign currency exchange rates.

Operating Free Cash Flow means the net cash generated from operating activities after deducting any distributions in cash on Hybrid Instruments, each in accordance with the audited consolidated Financial Report for the previous financial year.