TMB » Topics » VI) Free Cash Flow

This excerpt taken from the TMB 6-K filed Apr 30, 2008.

VI) Free Cash Flow

Free Cash Flow = (EBITDA – CAPEX – Taxes – Net Financial Expenses*
– Minority Interests – Working Capital Variation)

* Considers interest paid.

This excerpt taken from the TMB 6-K filed Feb 27, 2008.

VI) Free Cash Flow

Free Cash Flow = (EBITDA – CAPEX – Taxes – Net Financial Expenses*
– Minority Interests – Working Capital Variation)

* Considers interest paid.

This excerpt taken from the TMB 6-K filed Nov 8, 2007.

VI) Free Cash Flow

 

Free Cash Flow = (EBITDA – CAPEX – Taxes – Net Financial Expenses*

– Minority Interests – Working Capital Variation)

* Considers interest paid.

 

This excerpt taken from the TMB 6-K filed Aug 2, 2007.

VI) Free Cash Flow

Free Cash Flow = (EBITDA – CAPEX – Taxes – Net Financial Expenses*
– Minority Interests – Working Capital Variation)
                   * Considers interest paid.
This excerpt taken from the TMB 6-K filed May 7, 2007.

VI) Free Cash Flow

Free Cash Flow = (EBITDA - CAPEX - Taxes - Net Financial Expenses*
– Minority Interests - Working Capital Variation)

* Considers interest paid.

This excerpt taken from the TMB 6-K filed May 3, 2007.

VI) Free Cash Flow

Free Cash Flow = (EBITDA – CAPEX – Taxes – Net Financial Expenses*
– Minority Interests – Working Capital Variation)
                   * Considers interest paid.
This excerpt taken from the TMB 6-K filed Mar 28, 2007.

VI) Free Cash Flow

Free Cash Flow = (EBITDA – CAPEX – Taxes – Net Financial Expenses*
– Minority Interests – Working Capital Variation)
                   * Considers interest paid.
This excerpt taken from the TMB 6-K filed Aug 15, 2006.

VI) Free Cash Flow

     Free Cash Flow = (EBITDA – CAPEX – Taxes – Net Financial Expenses*
– Minority Interests – Working Capital Variation)

* Considers interest paid.

This excerpt taken from the TMB 6-K filed Nov 9, 2005.

VI) Free Cash Flow

Free Cash Flow = (EBITDA – CAPEX – Taxes – Net Financial Expenses*
 – Minority Interests – Working Capital Variation)

  * Considers interest paid.
This excerpt taken from the TMB 6-K filed Aug 10, 2005.

VI)   Free Cash Flow

Free Cash Flow = (EBITDA – CAPEX – Taxes – Net Financial Expenses*
– Minority Interests – Working Capital Variation)

          * Considers interest paid.

This excerpt taken from the TMB 6-K filed Mar 9, 2005.

VI)   Free Cash Flow

Free Cash Flow = (EBITDA – CAPEX – Taxes – Net Financial Expenses*
– Minority Interests – Working Capital Variation)

          * Considers interest paid.

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