Free Cash Flow to The Firm (FCFF)
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United Parcel Service Inc., 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 | |
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Add: Net noncash charges | |
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Less: Changes in assets and liabilities, net of effect of acquisitions | |
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Net cash from 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: Capital expenditures | |
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Add: Proceeds from disposals of property, plant and equipment | |
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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 United Parcel Service Inc.'s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | United Parcel Service Inc.'s FCFF declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level. |