Investor Presentaiton
Non-GAAP measures – free cash flow (cont.)
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The following table sets forth a reconciliation of free cash flow, a non-GAAP financial measure, to net cash provided by operating activities, which we believe to be the GAAP
financial measure most directly comparable to free cash flow, as well as information regarding net cash used in investing activities and net cash used in financing activities.
Year to Date Period Ended
(Dollars in millions)
Q2 FY23
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Net cash provided by operating activities
$
Payments for property and equipment (capital expenditures)
Free cash flow
9,240
(7,492)
$ 15,698
(12,061)
$
28,841
4,633
$
18,201
(16,857)
(4,429)
(9,216)
$
1,748
$
3,637
$
11,984
204
$
8,985
Net cash used in investing activities
$
(8,584)
Net cash provided by (used in) financing activities
$
(1,400)
$
(12,965)
(5,581)
$
$
(17,722)
(17,039)
(4,860) $
1,940
$
(9,909)
(3,309)
Year to Date Period Ended
(Dollars in millions)
Q2 FY22
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
Net cash provided by (used in) operating activities
Payments for property and equipment (capital expenditures)
Free cash flow
$
12,423
$
16,291
$
24,181
(5,019)
(8,588)
(13,106)
(3,758) $
(3,539)
9,240
(7,492)
$
7,404
$
7,703
$
11,075
(7,297) $
1,748
Net cash provided by (used in) investing activities'
Net cash provided by (used in) financing activities
Y/Y Change in Free Cash Flow
$
2,402
(11,559)
$
(1,530)
(18,113)
$ (6,015)
(22,828)
(4,558)
5,315
$
(8,584)
(1,400)
-76.4%
-52.8%
+8.2%
NM
+414.0%
1 "Net Cash used in investing activities" includes payments for property and equipment, which is also included in our computation of free cash flow.
NM not meaningfulView entire presentation