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Related Special Reports
...This article has been amended as Stripe had initially indicated it had turned cash flow positive for the first time....
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Forty-nine per cent of the ETFs that reduced fees in 2022 experienced increased net flows in 2023, Ignites Europe analysis of Morningstar data finds....
...The profit metric I prefer to use for tech companies is what I call “true free cash flow”, which is operating cash flow minus capital expenditures and stock-based compensation (stock comp becomes a cash...
...“Despite a strong stock market, investors have focused on higher quality ETFs that own companies with strong balance sheets and consistent earnings and cash flow,” he said, pointing to robust flows into...
...Given it had only just begun to report positive free cash flow, this was a bold claim. But annual free cash flow of $3.4bn in 2023, up from $390mn the previous year, suggests he may be right....
...US-listed ETFs have brought in about $491bn of the $826bn in global flows in the 11 months to the end of November, according to data from BlackRock....
...Bitcoin has fallen 16 per cent from its all-time high last week, as the investor flows into new stock market funds that had driven a huge rally this year go into reverse....
...To illustrate: Uber trades at 114 times 2023 true cash flow per share (that is, operating cash flow less capital expenditures and stock compensation expense)....
...They send their market orders to us not because they’re getting some pernicious conflicted like rebate or payment for order flow, it’s bull(expletive)....
...last night, and said they, too, expected positive free cash flow next year (not true free cash flow, of course)....
...Moreover, Lyft for now can only aspire to turn half of accounting-based ebitda into actual free flow....
...Deal flow, however, is likely to be more of a steady stream than the flood seen in the last boom, which ended early in 2022....
...It has compounded free cash flow at more than 50 per cent a year. The only possible response to this is awe....
...During that period, investors have poured more than $355bn in new net flows into BlackRock’s products....
...Brokers confirm that individuals have been pouring new money into them, but that as much as 80 per cent of the flows are going to yen-denominated products that give exposure to US and other foreign equities...
...In the past, the SEC has flagged potential conflicts with the multi-class structure, including possible “cross-subsidisation”, or the potential that mutual fund class flows could generate costs that would...
...If all 70 (estimated) shipments are put on hold for the entire year, that could lead to a $2.3bn shortfall in free cash flow....
...Spirit generated negative free cash flow of almost $1bn in the past two years. Spirit’s shares, post-deal rumours, have bumped up more than $30 each....
...It is pocket change when compared with Apple’s global sales, equal to about 2 per cent of last year’s annual free cash flow. Appeals mean the case will be in court for years....
...When free cash flow is limited, they give employees a reason to stick around while also keeping companies’ cash expenses down....
...But ESPN’s annual cash flow is too valuable to give up in a sale or spin-off....
...Flows into passive sustainable funds in Europe have outstripped active flows since the second quarter of 2022, with the last half of 2023 seeing outflows from active sustainable funds but inflows into passive...
...Surely in our no-landing global economic environment there’s plenty of free operating cash flow to go round, right? Gulp....
...His mother worked in the local government, figuring out how traffic flows were affected by road construction....
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