Accounting – Cashflow Statement
Articles
What Is Free Cash Flow? Unlevered vs. Levered FCF Explained
Free Cash Flow (FCF) explained for finance interviews: what it measures, how Unlevered FCF differs from Levered FCF, and why the distinction matters for DCF valuation.
How to Calculate Free Cash Flow from Net Income (Interview Walkthrough)
A step-by-step interview walkthrough for calculating Unlevered Free Cash Flow starting from Net Income: which line items to add back, subtract, and how to structure a confident verbal answer.
What Is Stock-Based Compensation (SBC) and Why Does It Matter for Valuation?
A clear explainer of stock-based compensation: how SBC hits the income statement, why it's added back on the cash flow statement, and why ignoring dilution overstates valuation.
How to Calculate the Cash Flow and Dilution Impact of Stock-Based Compensation (Interview Walkthrough)
Step-by-step: how to calculate SBC's effect on EBIT, Cash Flow from Operations, and Diluted EPS — the exact structure interviewers expect in an accounting or valuation case.
Cases
Walk Me Through the Cash Flow Statement
Walk me through the cash flow statement.
Free Cash Flow from the Statements
As an analyst, walk me through how you'd calculate a company's Unlevered Free Cash Flow starting from Net Income and using the three financial statements — what do you add back, what do you subtract, and why?
Stock-Based Compensation
Walk me through how stock-based compensation (SBC) affects the income statement, the cash flow statement, and dilution in equity value — and explain why it matters when valuing a company.