Fernandez, Pablo - IESE Business School, Universidad de Navarra - 2006
hypotheses regarding expenses and revenues. On the other hand, its cash flow is an objective measure, a single figure that is not … subject to any personal criterion. In general, to study a company's situation, it is more useful to operate with the cash flow … (equity cash flow, free cash flow or capital cash flow) as it is a single figure, while the net income is one of several that …