释义 |
Discretionary cash flow Discretionary cash flowCash flow that is available after the funding of all positive net present value (NPV) capital investment projects; it is available for paying cash dividends, repurchasing common stock, retiring debt, and so on.Discretionary Cash FlowThe cash flow available to a company after its capital expenditures have been financed to their net present value and after all liabilities, such as employee wages and others, have been paid. The discretionary cash flow may be used to pay dividends to shareholders, to provide bonuses to executives, or for any number of other purposes. |