The concept of Answer represents a going concern's need to use cash generated by operations to invest in renewing existing assets due to obsolescence or condition, as well as investing in additional assets for growth. Cash flow from operations is the critical cash flow concept addressing a business' underlying In a given timeframe, a company can add to $($or consume$)$ cash by selling goods and services. A company can also use $($or generate$)$ cash through buying $($or selling$)$ assets, and through its activities regarding financing with $--$ for instance, all else held equal, issuing bonds would increase cash, and buying back stock would decrease cash. Cash flow from operations $($on the statement of cash flows$)$ is $$ statement of cash flows$)$ minus capital expenditures is a basic computation of $.$ Free cash flows can be calculated for any company: FCFF represents free cash flow $$ lenders' needs have been satisfied and FCFE represents free cash flow $$ lenders' needs have been satisfied. This means FCFE can be viewed as measuring what a company can afford to pay out in $$

$$ different than :: Free Cash Flow to Equity $($FCFE$)$ :: Free Cash Flow to the Firm $($FCFF$)$ :: identical to # before equivalent to $$after