We also use Adjusted EBITDA less cash Capital Expenditures, or Operating Free Cash Flow, as an indicator of the Company’s financial performance. Operating Free Cash Flow (“OpFCF”) defined here as Adjusted EBITDA less cash capital expenditures.Ī reconciliation of our Operating Free Cash Flow CAGR over the 2018-2021 period to a EU IFRS measure is not provided as not all elements of the reconciliation are projected as part of our forecasting process, as certain items may vary significantly from one period to another. The Plan provides that, after the Effective Date, the Reorganized Debtors will have the right to terminate, amend or modify any intercompany contracts, leases or other agreements without approval of the Bankruptcy Court. Operating Free Cash Flow (“OpFCF”) defined as Adjusted EBITDA less cash capital expenditures. Examples of Operating Free Cash Flow in a sentenceĪs we define the term, Adjusted EBITDA less property & equipment additions has the same meaning as Operating Free Cash Flow had previously, and therefore does not impact any previously reported amounts.įor the year ended December 31, 2018, the sum of Telenet's Adjusted EBITDA and accrued capital expenditures, excluding the recognition of football broadcasting rights and mobile spectrum licenses, yielded an Operating Free Cash Flow of €669.9 million.
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