AAPL 190.97 -1.17 (-0.61%)MSFT 117.13 -0.45 (-0.38%)ZNGA 5.3 -0.13 (-2.31%)NVDA 177.47 +0.21 (+0.12%)WBA 62.43 -0.13 (-0.21%)GOOG 1205.9 -0.04 (-0.00%)PIH 5.45 -0.16 (-2.85%)
AAPL 190.97 -1.17 (-0.61%)MSFT 117.13 -0.45 (-0.38%)ZNGA 5.3 -0.13 (-2.31%)NVDA 177.47 +0.21 (+0.12%)WBA 62.43 -0.13 (-0.21%)GOOG 1205.9 -0.04 (-0.00%)PIH 5.45 -0.16 (-2.85%)
Free Cash Flow Build Up 
Facebook In
BalanceTerminal
| Year A / P | 2012 Actual | 2013 Actual | 2014 Actual | 2015 Actual | 2016 Actual | 2017 Projected | 2018 Projected | 2019 Projected | 2020 Projected | 2021 Projected |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12,466 | 17,928 | 27,638 | 40,653 | 55,838 | 81,300 | 118,373 | 172,351 | 250,943 | 365,373 |
| EBITDA | 6,176 | 8,162 | 14,870 | 23,625 | 29,685 | 42,276 | 61,554 | 89,623 | 130,490 | 189,994 |
| EBIT | 4,933 | 6,217 | 12,528 | 20,600 | 25,370 | 35,040 | 51,019 | 74,283 | 108,156 | 157,476 |
| TaxesRate | 40.1 | 40.5 | 18.4 | 22.6 | 12.8 | 26.9 | 26.9 | 26.9 | 26.9 | 26.9 |
| EBIAT | 2953.8 | 3701.7 | 10225.2 | 15938.6 | 22119.8 | 25621.4 | 37304.8 | 54315.8 | 79083.8 | 115146.0 |
| Depreciation | 1,243 | 1,945 | 2,342 | 3,025 | 4,315 | 7,236 | 10,535 | 15,339 | 22,334 | 32,518 |
| AccountReceivable | - | -881 | -1,434 | -1,839 | -1,755 | -3,795 | -5,190 | -7,557 | -11,003 | -16,020 |
| PrepaidExpenses | - | 134 | -300 | -61 | -759 | -1,392 | -1,446 | -2,105 | -3,065 | -4,463 |
| AccountsPayable | - | 20 | 106 | 78 | 440 | 156 | 445 | 648 | 943 | 1,373 |
| AccruedLiabilities | - | 28 | 139 | 354 | 846 | -230 | 593 | 864 | 1,257 | 1,831 |
| CapitalExpenditure | -1,831 | -2,523 | -4,491 | -6,733 | -13,915 | -14,065 | -20,479 | -29,817 | -43,413 | -63,210 |
| UFCF | 4,197 | 5,506 | 13,346 | 19,799 | 33,148 | 29,137 | 50,101 | 72,948 | 106,212 | 154,644 |
| WACC | ||||||||||
| PV UFCF | 26,781 | 42,325 | 56,640 | 75,798 | 101,435 | |||||
| SUM PV UFCF | 302,979 |
| Year A / P | 2012 Actual | 2013 Actual | 2014 Actual | 2015 Actual | 2016 Actual |
|---|---|---|---|---|---|
| Revenue | 12,466 | 17,928 | 27,638 | 40,653 | 55,838 |
| EBITDA | 6,176 | 8,162 | 14,870 | 23,625 | 29,685 |
| EBIT | 4,933 | 6,217 | 12,528 | 20,600 | 25,370 |
| TaxesRate | 40.1 | 40.5 | 18.4 | 22.6 | 12.8 |
| EBIAT | 2953.8 | 3701.7 | 10225.2 | 15938.6 | 22119.8 |
| Depreciation | 1,243 | 1,945 | 2,342 | 3,025 | 4,315 |
| AccountReceivable | - | -881 | -1,434 | -1,839 | -1,755 |
| PrepaidExpenses | - | 134 | -300 | -61 | -759 |
| AccountsPayable | - | 20 | 106 | 78 | 440 |
| AccruedLiabilities | - | 28 | 139 | 354 | 846 |
| CapitalExpenditure | -1,831 | -2,523 | -4,491 | -6,733 | -13,915 |
| UFCF | 4,197 | 5,506 | 13,346 | 19,799 | 33,148 |
| WACC | |||||
| PV UFCF | |||||
| SUM PV UFCF |
| Year A / P | 2017 Projected | 2018 Projected | 2019 Projected | 2020 Projected | 2021 Projected |
|---|---|---|---|---|---|
| Revenue | 81,300 | 118,373 | 172,351 | 250,943 | 365,373 |
| EBITDA | 42,276 | 61,554 | 89,623 | 130,490 | 189,994 |
| EBIT | 35,040 | 51,019 | 74,283 | 108,156 | 157,476 |
| TaxesRate | 26.9 | 26.9 | 26.9 | 26.9 | 26.9 |
| EBIAT | 25621.4 | 37304.8 | 54315.8 | 79083.8 | 115146.0 |
| Depreciation | 7,236 | 10,535 | 15,339 | 22,334 | 32,518 |
| AccountReceivable | -3,795 | -5,190 | -7,557 | -11,003 | -16,020 |
| PrepaidExpenses | -1,392 | -1,446 | -2,105 | -3,065 | -4,463 |
| AccountsPayable | 156 | 445 | 648 | 943 | 1,373 |
| AccruedLiabilities | -230 | 593 | 864 | 1,257 | 1,831 |
| CapitalExpenditure | -14,065 | -20,479 | -29,817 | -43,413 | -63,210 |
| UFCF | 29,137 | 50,101 | 72,948 | 106,212 | 154,644 |
| WACC | |||||
| PV UFCF | 26,781 | 42,325 | 56,640 | 75,798 | 101,435 |
| SUM PV UFCF | 302,979 |
Financial Modeling Prep is a new concept that informs you about stock markets information (news, currencies and stock prices).
We always strive to give you the best and most updated information. We also gives you free financial modeling methodology
through our academy. Most investment banking firms follow our guidelines to get discounted cash flow statement of companies to
see if they are undervalued, overvalued or simply at par value. You can find all financial models and valuation techniques
that is used in corporate finance to get companies intrinsic valuation. Most private equity firm use financial modeling for
decision making when it comes to hold, buy or sell a particular stock.
2018 The Financial Modeling Prep Company