DATA FROM APPLE INC. (AAPL) STATEMENT OF CASH FLOW

SOURCE: MARKETWATCH.COM

	2015	2016	2017	2018	2019
Operating Cash Flow	81.27B	65.82B	63.6B	77.43B	69.39B
Capital Expenditures	(11.25B)	(12.73B)	(12.45B)	(13.31B)	(10.5B)
Free Cash Flow	70.02B	53.09B	51.15B	64.12B	58.9B

Use data from the above table to construct a DCF analysis based on a forecast of Free Cash Flow for Apple Inc. You must choose appropriate assumptions based on the given data, information contained within the company's most recent quarterly report (10-Q), or conference call transcripts.

For the terminal value use cash flow from Year 6 of your forecast and a growing perpetuity formula: TV0 = CF1/(R-g)

PreviousNext