Title:
Calculating Sustainable Cash Flow: A Study of the S&P 100 Using 2003 Data

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dc.contributor.author Mulford, Charles W.
dc.contributor.author Ely, Michael L.
dc.contributor.author Martins, Mario
dc.contributor.author Patel, Amit
dc.contributor.corporatename Georgia Institute of Technology. College of Management en_US
dc.contributor.corporatename Georgia Institute of Technology. Financial Analysis Lab en_US
dc.date.accessioned 2006-06-20T20:18:02Z
dc.date.available 2006-06-20T20:18:02Z
dc.date.issued 2004-10-26
dc.description.abstract Operating cash flow in 2000, 2001, 2002 and 2003 for the S&P 100 was adjusted to remove items that may provide misleading signals of operating performance. Ten adjustments were made, separated into three categories - (1) where flexibility in GAAP for cash flow reporting was used to alter cash flow, (2) where the requirements of GAAP result in misleading operating cash flow amounts, and (3) where nonrecurring operating cash receipts and payments lead to operating cash flow that is non-sustainable. Adjustments resulted in an average company change in operating cash flow in 2001 of 1.5%, in 2002 of 4.2%, and in 2003 of 0.7%. Certain individual company adjustments were quite significant, resulting in some cases, in much more operating cash flow than actually reported, and in other cases, much less. Many companies had an increase or decrease in operating cash flow of greater than 10% including 35 in 2001, 26 in 2002, and 22 in 2003. en
dc.format.extent 429237 bytes
dc.format.extent 339031 bytes
dc.format.mimetype application/pdf
dc.format.mimetype application/pdf
dc.identifier.uri http://hdl.handle.net/1853/10665
dc.language.iso en_US en
dc.publisher Georgia Institute of Technology en
dc.title Calculating Sustainable Cash Flow: A Study of the S&P 100 Using 2003 Data en
dc.type Text
dc.type.genre Technical Report
dspace.entity.type Publication
local.contributor.corporatename Scheller College of Business
relation.isOrgUnitOfPublication a2f83831-ae41-4d65-82ff-c8bf95db4ffb
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Calculating cash flow of S&P 100 companies
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