When calculating FCFF , FCFE, we need net capex, I would list my questions below, I thank you in advance nice humans
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Is it the change in net capex?
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Net capex is just: cash spent from buying the assets - cash from selling the assets?
3.Cash spent from buying the asset= end value asset + gross cost asset (what is that?, historical cost?) - beggining value asset?
4.- cash from selling the asset= change in asset (absolute value) + gain (-loss) on sale
For FCFF/FCFE calculations what you’re subtracting is fixed capital investments. Fixed capital investments would be comprised of capital expenditures - proceeds on sales of LT assets.
Net capital expenditures is capital expenditures - depreciation.
I’m a little lost on what you’re asking on the last part of your questions there.
If they don’t outright give you CapEx just back into it w/ Ending PP&E - Beginning PP&E + Depreciation. Is that what you mean by net?
FCFF = NI + D&A + INT(1-t) - CapEx - Change in WC.