Replies to post #240033 on InterDigital Inc (IDCC)

[The Count]

IDCC free cash flow definition is standard stuff

Interdigital defines "free cash flow" as operating cash flow less purchase of property, equipment, technology licenses and investments in patents. The first 9 months produced over 77 million in free cash flow.

Operating cash flow is the cash generated by the business. It's the profit and loss adjusted for non-cash items (such as the receipt and subsequent amortization (earning) of deferred (prepaid) revenue and depreciation). It is also adjusted to show the actual income received and expenses paid instead of the accrual based amounts. While that shows the cash generated by the business operations, it does not account for capital expenditures or investments. So those items are backed out to arrive at free cash flow - the actual change in cash from one period to the next. IDCCs free cash flow has been outstanding, and as they sign more licenses and collect more for past infringement it is going to be even better. Which reminds me, free cash flow is also reduced by dividend payments. :)

[magillagorilla]

Loop, could this be the 7 million $ rabbit?


Siemens reaches insolvency deal with BenQ Mobile
Updated:2008/11/27 10:57


Siemens AG, Germany's largest industrial and electronics company, said late Tuesday it reached a deal with administrators in the case of BenQ Mobile's insolvency settlement.

Siemens said in a short statement it would pay a gross sum to BenQ Mobile of euro300 million ($381 million) in relation to the insolvency of the BenQ business in 2006.

Siemens had sold its ailing handset telephone business to Taiwan-based BenQ Corp. just a year earlier, expecting it to be brought back to profitability. However, BenQ couldn't achieve a turnaround, and posted recurring losses. BenQ then shut the doors on its German business in early 2007, which affected thousands of jobs.

Munich-based Siemens, which makes everything from trains to medical equipment said the net payment to BenQ announced Tuesday would be closer to euro255 million ($324 million) after taking into account Siemens' creditor claims.

Siemens said it had made a sufficient provision for the expected charge, and that it would not have any negative impact on operating results for the current 2009 fiscal year.

Shares of Siemens closed up 3 percent higher at euro47.66 ($62) in Frankfurt.



Source: AP Features