Free Cash Flow to The Firm (FCFF)
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United Technologies Corp., 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 common shareowners | |
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Add: Noncontrolling interest in subsidiaries’ earnings | |
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Add: Net noncash charges | |
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Less: Change in operating capital | |
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Net cash flows provided by operating activities | |
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Add: Interest paid, net of amounts capitalized, net of tax | |
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Less: Capital expenditures | |
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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 United Technologies Corp.'s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | United Technologies Corp.'s FCFF increased from 2009 to 2010 and from 2010 to 2011. |