Free Cash Flow to The Firm (FCFF)
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Bristol-Myers Squibb Co., FCFF calculation
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Net earnings attributable to Bristol-Myers Squibb Company | |
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Add: Net earnings attributable to noncontrolling interest | |
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Add: Net noncash charges | |
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Less: Changes in operating assets and liabilities | |
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Net cash provided by operating activities | |
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Add: Interest payments, net of tax | |
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Less: Additions to property, plant and equipment and capitalized software | |
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Free cash flow to the firm (FCFF) | |
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| Item | Description | The company |
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| FCFF | Free cash flow to the firm is the cash flow available to the Bristol-Myers Squibb Co.'s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Bristol-Myers Squibb Co.'s FCFF increased from 2009 to 2010 and from 2010 to 2011. |