Investing Notes - Maintenance Capital Expenditures

Many companies don't split up their capital expenditures between maintenance and growth. In the new ederation, in the tool box, we're going to default it to 50 % of capital expenditure is maintenance. So if chapole's line says 200 million dollars, and i don't know any better, i'll use 100 million for their maintenance capital expenditure. If i go to the ten k for chapole, i can find one of the ten kairs, two thousand 15, they wrote out what their capital expenditures actually were. Turned out it was 57 million. so if i have that number, then i'm going to use that number to determine what the owner earnings are for chapole