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What's the Difference Between Adjusted and Distributable Free Cash Flow?
Free cash flow is the predominant emang cry in a lot of public market companies. The single biggest issue growth investors are focused on to day is the easy way out for all these companies. They'll tap down a little bit on their hiring, they'll tap down on their spend, but out of the back door, they want to give a bunch of free stock to employees to help offset that pain. This is really important to understand, because stock is a real expense.