Free cash flow (FCF) is the cash a company generates after...

Free cash flow (FCF) is the cash a company generates after taking into consideration cash outflows that support its operations and maintain its capital assets. In other words, free cash flow is the cash left over after a company pays for its operating expenses and capital expenditures (CapEx). It is the money that remains after paying for items such as payroll, rent, and taxes, and a company can use it as it pleases. Knowing how to calculate free cash flow and analyze it will help a company with its cash management and will provide investors with insight into a company's financials, helping them make better investment decisions. Just incase people are confused when Gary says "$20 Free Cash Flow"