For the levered DCF, the relevant projected cash flow is thefree cash flow to equity (FCFE), which represents the residual cash flows left over after payments to non-equitystakeholders, namely debt providers, are deducted. Free Cash Flow to Equity (FCFE) Formula FCFE = Net Income + D&A –...
2017 2018 2019 2020 2021-JAN TTM - 2021-DEC EBITDA 2124 3409 4066 3227 5819 9759 Net working capital change -679 185 -857 717 -703 -2594 Capital expenditures -176 -593 -600 -489 -1128 -986 Mandatory debt payments -673 -812 -16 0 0 -1000 NVIDIA Levered Free Cash Flow 596 2189 259...