Free Cash Flow to The Firm (FCFF)
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Petroleo Brasileiro S.A., 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 income attributable to shareholders of Petrobras | |
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Add: Net (income) loss attributable to non-controlling interests | |
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Add: Net noncash charges | |
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Less: (Increase) decrease in assets | |
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Add: Increase (decrease) in liabilities | |
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Net cash provided by operating activities | |
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Add: Cash paid during the period for interest, net of amount capitalized, net of tax | |
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Less: Investments in property, plant and equipment | |
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Free cash flow to the firm (FCFF) | |
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| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the Petroleo Brasileiro S.A.'s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Petroleo Brasileiro S.A.'s FCFF declined from 2009 to 2010 but then increased from 2010 to 2011 not reaching 2009 level. |